Edusys obtains $7.5 million investment from Sequoia Capital
Plans rapid expansion through new hires and addition of new productsTweet
-- Edusys, a pioneer in education training and certification, today announced that Sequoia Capital has invested $7.5 million in the company. With this round of financing, Edusys aims to expand its business through new product introductions and to strengthen its core team and technology platform.
Launched in 2004, Edusys' today has a customer base of more than 3500 companies across the world and supports students from over 150 countries. Edusys offers specific courses and tests benchmarked to industry standards which span a vast spectrum of conventional and emerging domains of learning and work. The company's offerings have benefitted professionals from across the world succeed and make a better career.
"The test prep and certification market is a $48 billion global industry and we see tremendous opportunity for growth," said Tridibesh Satpathy, CEO, Edusys. "Edusys has created a technology platform and business model that is capable of delivering high quality courses on a virtual delivery model that is cost effective and highly scalable. The courses are designed to provide maximum flexibility to students with innovative training styles and ease in accessibility." He further added, "Edusys plans to double its workforce in the next year and we would like to attract high quality talent, to work in a dynamic work environment for an innovative global opportunity"
"More than 100,000 students have already benefited from the strong Edusys education delivery model and we expect this number to scale significantly in the future," said G V Ravishankar, Managing Director, Sequoia Capital."Their robust learning management system and sound back office processes have enabled this scalability and helped them offer a variety of courses at far superior value relative to competition, spanning different domains within professional education."
Edusys has been ranked as the5th fastest growing company by the Deloitte Technology Fast 50 India Program with an impressive650% growth over the last 3 years. Edusys strongly believes in investing in talented resources and provides its work force with global opportunities and a great work culture thriving on innovation and learning.
Notes to Editor
About Sequoia Capital
Sequoia Capital in India currently manages funds capitalized at close to US $1.4 billion and invests across venture, growth and late stage opportunities. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last 5years, Sequoia Capital has invested in more than 50 companies in India including Café Coffee Day, Fashion & You, Idea Cellular, Just Dial, Manappuram Finance, Paras, Quick Heal, Micromax, Mu Sigma and Vasan Health Care. Sequoia Capital operates out of offices in Bangalore, Mumbai and New Delhi.
Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle, Apple, Zappos, Dropbox, and LinkedIn. Sequoia Capital maintains dedicated teams in US, China, India and Israel.
For more information, please visit: www.sequoiacap.com
Edusys Services is a leading education training provider in the global market (US, UK, Australia, Canada, Singapore, India and other countries with customers in more than 150 countries). Edusys conducts courses which are recognized by globally reputed institutions like Project Management Institute®, Pennsylvania, USA; APMG International, Buckinghamshire, UK etc.
Edusys Services plays a key role in creating industry hallmarks like knowledge enrichment, skill sharpening, and competitive edge through online and classroom courses and tests.
For more information, please visit: www.edusysglobal.com