Edserv is clearly on a acquisition spree as it has announced another acquisition of SchoolMate – Hyderabad based School ERP and CRM solution provider. A few months ago it acquired 2tion.com to proliferate its Online tutoring services business.
Edserve currently serves a niche in Education space by providing technology to meet human resource requirements for educational institutions along with focus on content delivery and learning model for schools in India.Its acquisition of SchoolMATE [School Management AT Ease] allow deployment of Education ERP and CRM solution in sync with Vidyadhana – An academic skills monitorng product.
SchoolMATE is a branded CRM and ERP software for educational institutions. It helps schools in updating parents about their children’s educational performance through various platforms like SMS, E-mail and Web. The solution thus helps schools in automating the information providing process right from admission to school activities.
SchoolMATE’s acquisition will provide Edserv access to more than 70 schools and will help it to achieve its target of 250 schools by the year end. SchoolMATE currently generates more than 250 MIS [Management information system] reports as well as supports 15 academic monitoring processes.
According to S. Giridharan, Chairman and CEO,Edserv,” EdServ believes that doing everything right at schools enables a more meaningful career engagement for students when they grow up.SchoolMATE strengthens our Vidhyadhana Academy’s plans to implement the Progressive Learning Model at Schools to Achieve career mapping and seeding in every student.”
Edserve,a public listed company which came out with an IPO in 2009 has given a revenue guidance of Rs.40 crores for the current financial year. Edserv also expects its school business to contribute 30-40% to the company’s revenues along with its plan to acquire few schools or content providing business for the same.
Will Education Sector see More M & A Buzz ?
Education sector in India currently hosts a range of services right from Learning solution providers to CRM solutions for educational institutions to embrace & adopt. Many of the Big Education players like Educomp, TutorVista, Edserv & Everonn are riding on availability of high PE funds to gobble up more acquisitions as providing an integrated product will win them more clients in future rather than focusing on niche services. So We do expect a lot more acquisitions in future mainly related to Online tutoring space and offline learning management & monitoring services.
For what valuation? If unknown, whats speculated by the industry experts. How can the valuation be justified? Just curious.
@snemax
The valuation is rumoured to be around Rs. 4 Crores although it was missing from company filings.