Sequoia May Invest In Excelsoft

Known in the eLearning industry for its investments in companies such as Brainvisa and Tarang, Sequoia Capital continues to play the game. A recent article in Business Standard mentions Sequoia Capital to be looking at potential investments in Mysore based, Excelsoft.

From the article:

"Excelsoft is a six-year-old firm which provides a range of customised learner-centric learning systems, test and assessment systems, and desktop tools.

According to industry information, the company, which has a topline of around Rs 50 crore is expected to be valued in the range of Rs 350-400 crore for the stake sale. A deal is expected to be sealed by early-January 2008.

Industry sources further indicate that in addition to Sequoia and the Singapore fund, ICICI Venture is also in the fray to invest in this high-margin firm.

Estimates are that Excelsoft has a net profit of close to Rs 25 crore due to its business model of taking the product licensing route on which services and consulting add value and stickiness.

“Excelsoft has created intellectual property in the area of e-learning technologies and combines its strengths in software development, instructional design and e-learning content development to deliver e-learning solutions,” said an industry source.

Excelsoft presently employs around 500 people across Mysore, Hyderabad and New Delhi, and serves a marquee of clients from global educational publishers, universities and corporates.

A few of the clients of the firm are Pearson Education, Infosys Technologies, Indian Institute of Foreign Trade, Oxford University, World Bank, UNESCO besides a clutch of others. Excelsoft, off late, has been keenly focussing on the test and assessment platform which are key enablers for universities."

Comments

[Ronita]

Hi,

I work for an elearning firm in Bangalore, India. We are looking at building a database of off the shelf content providers for different industry verticals. Would you know any content providers who have domain related content on retail / manufacturing / healthcare? Would be a great hekp if you could let me know. As mentioned we are not looking at custom course development, only off the shelf providers.

Thanks
Ronita

ronita.dutta@24x7learning.com