NIIT, Genpact form JV; to impart IT training

Genpact and NIIT Ltd announced their new joint venture, NIIT Institute of Process Excellence that will provide training programmes to skilled workers in the business and technology services industry.

NIIT will be 75% stakeholder in the JV and the companies are jointly planning to invest Rs 25 crore in the first year of operations. Genpact and NIIT expect the new institute to have over 250 learning centers by 2012. Genpact will provide most of the content for the training programmes with other partners. Read in detail here.

NIIT Acquires Equity Stake in Evolv

NIIT recently announced that it has acquired stake in Evolv Management Services Private Limited. Evolv is a leading provider of English Language and Communication Training, headquartered in Noida, India. Read the details here.

With this acquisition, NIIT has taken another important step in becoming a complete training services provider. With Evolv under the NIIT umbrella, it will also compete and possibly take away a lot of business from the likes of Hero Mindmine, whose pureplay business is corporate training in areas similar to Evolv as well as customer service.