Career Point inked the deal with e-Learning company Plancess Edusolutions

Deepthi | Myequity news | Date : 26-12-2018 11:38:00 IST

Career Point Ltd. signed the deal with Mumbai based Ed-tech company Plancess Edusolutions Private Limited. The management of Career Point and Plancess have agreed and entered into the confidential, exclusive and irrevocable agreements to execute the transaction. Now both the companies together will obtain all applicable regulatory approvals. In the due course, Career Point will have an exclusive license agreement to sell the Plancess eLeaming products.

Plancess Edusolutions, founded in year 2012 by IITians, provides advanced technology based 6- Learning courses and products for various competitive examinations including JEE, NEET & Pre- Foundation. The company developed its proprietary content, video solutions, assessment platform and study material for class IX to XII students and entrance examinations such as JEE, NEET, NTSE, CAT, Bank PO etc. Apart from selling their products to students directly, Plancess also has many institutional clients under its B2B division.

Commenting on the development Mr. Pramod Maheshwari, Chairman and Managing Director at Career Point Limited, said, “Similar to other sectors, technology is a great enabler in the field of education and expanding the entire education market. However, the success of any ed-tech offering depends on 3 key components — i) Content, ii) Technology, & iii) Brand. Plancess’ comprehensive content with advanced technology is now blended with Career Point’s legacy of last 25 years in- delivering exemplary education. This compelling proposition will certainly help us in our mission to reinvent delivering of quality education to wide spectrum of student base. We would further look forward for similar opportunities to strengthen the entire educational offering".

About Career Point

Career Point caters to the needs of a student throughout the life cycle of a student (K.G. to PhD.) with diversified verticals including Pre-school, School Education, Test-Prep, e-Learning, Higher Education and Vocational Education. In the Formal Education stream, the company has a strong presence by managing and offering various services to K-12 Schools, Colleges and Universities in multiple geographies. In the lnformal Education system, Career Point has established a strong niche in test preparation and school curriculum tutoring through a nationwide extensive network of Company operated branches; Franchisee centers; Technology enabled solutions; Online courses; School integrated programs; and Distance learning solutions.

More from Myequity