M&A

M&A

NIIT acquires 70% stake in deep skilling tech SaaS player iamneo for Rs.61-Cr

Business Standard  

Publicly listed Skills and talent development focused NIIT has acquired a 70% stake in Coimbatore-headquartered iamneo , a deep skilling technology training solutions provider, for INR 61.3 crore. This consideration includes a primary investment of about INR 10 crore.Post-acquisition, iamneo will function as a subsidiary of NIIT, with its founding leadership team continuing in their existing roles to ensure continuity of operations.NIIT will acquire the remaining 30% shareholding in phases from iamneo’s promoters in subsequent tranches over the next five years - from financial year (FY) 2025-26 to FY 2029-30.iamneo provides a scalable deep skilling software-as-a-service (SaaS) platform to undergraduates in universities and early career professionals in global system integrators (GSIs) and global capability centres (GCCs).