ANI PR Wire
03 Oct 2022, 16:15 GMT+10
New Delhi [India]/Atlanta (Georgia) [US], October 3 (ANI/BusinessWire India): NIIT Limited, a global talent development corporation and leading provider of managed training services has signed a definitive agreement to invest growth capital in KNOLSKAPE Solutions PTE.LTD, a leading Experiential Learning Platform company. Under the agreement, NIIT would invest USD 2 million in compulsorily convertible preference shares to be issued by KNOLSKAPE. The funds are part of the total round of USD 4 million in fresh funds raised by KNOLSKAPE to expand its direct sales in global markets.
The investment is a key initiative in NIIT's endeavour to constantly bring more value to customers with a focus on talent transformation and workplace skills. In an increasingly hybrid work environment, KNOLSKAPE's expansive platform and portfolio of carefully crafted, immersive simulations coupled with NIIT's managed services approach will help organizations prepare for a digital-first, future-ready workforce.
KNOLSKAPE's platform is focused on empowering the hybrid workforce, creating future-ready organizations, and developing resilient leadership. Their award-winning portfolio of AI-powered simulations covers 100+ competencies and cutting-edge talent intelligence for managerial, leadership, business and future skills. These offerings have been adopted by over 400 leading global organizations across 75 countries. Their solutions include experiential learning courses on a wide variety of subjects including critical thinking, emotional intelligence, agile ways of working, design thinking, digital leadership, digital selling, data-based decision making, influencing skills, and design leadership among others. KNOLSKAPE's omni-channel delivery platform also offers targeted learning journeys, gamified assessments and coaching.
NIIT's Managed Training Services approach enables L&D teams to streamline and centralize the delivery and facilitation of leadership, and professional and digital skills with reduced costs, freeing teams from the fragmented and ad hoc model of vendor management, planning, scheduling, and delivery.
"We are excited to join hands with NIIT to bring the power of experiential learning to global organizations. This collaboration is another step towards realizing KNOLSKAPE's mission of helping organizations and leaders become future-ready. With this partnership, customers will get access to world-class immersive learning products and platforms from KNOLSKAPE and in-depth expertise from NIIT when it comes to solutioning, delivery and consulting. This joint value proposition will tremendously help organizations navigate the new world of work," said Rajiv Jayaraman, Founder, and CEO at KNOLSKAPE Solutions.
"As our customers transform their businesses into digital-first enterprises, talent transformation and the Future of Work are in the spotlight. KNOLSKAPE 's experiential learning platform and offerings in leadership, professional and digital skills will strengthen NIIT's Managed Training Services offering for leadership and workplace skills. Our goal is to enable our customers to build talent pipelines that will not only deliver on current skill needs but also support the dynamic demands of the future," said Sailesh Lalla, Chief Business Officer at NIIT Limited.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationMOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...