Blackstone to Acquire Majority Stake in Leading Online Learning Platform Simplilearn

Simplilearn was founded in 2010 by its Managing Director Krishna Kumar. Profitable for the fourth year in a row, the platform offers more than 100 programs to help early and mid-career professionals acquire next-generation digital skills in the fields of cloud, DevOps, data science, data science, artificial intelligence and machine learning, digital marketing, cybersecurity and many more. After. Simplilearn offers programs in partnership with top global and Indian universities and companies to enable learners to make the most of academic and industrial exposure. The company is currently collaborating with renowned educational institutes such as Caltech CTME, MIT Schwarzman College of Computing, UMasse Amherst and the Isenberg School of Management, Purdue Online, Jagdish Sheth School of Management and IIT Kanpur and companies such as IBM, Microsoft, Amazon, Facebook and KPMG. These courses enable professionals to develop their digital skills and help companies develop their workforce to meet the ever-changing demands brought about by digitization. Over two million professionals worldwide have used Simplilearn to date.

Krishna Kumar, Founder and CEO of Simplilearn, said: “The pandemic has only accelerated the need for digital skills and the industry has demonstrated that it is absolutely ready to upgrade online. Now is the best time to take the next big step in our construction journey. the world’s largest digital skills company. We are delighted to partner with Blackstone, a globally recognized investor with extensive experience in the electronics technology industry. We believe that Blackstone can add significant value to our business because of its scale, its commitment to building businesses, and a global network, which will allow us to develop partnerships with businesses and universities as Simplilearn continues. to grow globally. We would also like to thank our previous investors, Kalaari Capital, Helion Venture Partners and Mayfield Fund for their continued support and confidence in our journey to become a market leader. “

Amit Dixit, boss of Asia for Blackstone Private Equity, said: “This is Blackstone’s first private equity investment in Asia in a consumer technology company. Like many other industries, technology is disrupting education, and educational technology has been a theme of conviction for Blackstone in India and globally. Simplilearn is a differentiated player in the field of digital skills with premium content created in partnership with renowned university and industrial partners. We are delighted to partner with Krishna Kumar and Simplilearn’s premier leadership team to accelerate growth and build the world’s first digital learning company, and we expect this to be the first of many such investments in Asia. ”

Mukesh Mehta, Senior Managing Director at Blackstone, said: “We have been impressed with Simplilearn’s synchronous pedagogy model focused on achieving superior results for its learners. Simplilearn has demonstrated strong and profitable growth and we want to drive that growth through targeted investments in technology, leveraging Blackstone’s global network and expertise in education technology and leveraging our relationships. with universities and global companies. “

Blackstone brings global expertise in education technology, including partnering with Aakash Educational Services and Byju’s to build india the largest omnichannel and digital education company; the acquisition of Ascend Learning, which provides educational content and technology-based software tools for students, institutions and employers; and recent investments in Ellucian (a leading software provider for universities) and Articulate (a SaaS training and development platform for enterprises).

Avendus acted as exclusive financial advisor to Simplilearn and its shareholders in connection with the transaction. Shardul Amarchand Mangaldas & Co acted as legal advisor to Simplilearn. KPMG, EY_Parthenon, Khaitan & Co. and Simpson Thacher & Bartlett acted as advisers to Blackstone.

About Simplilearn

Simplilearn is the world’s first online bootcamp for digital skills training, aimed at helping people acquire the skills they need to thrive in the digital economy. Simplilearn offers results-based online training on technologies and applications in Data Science, AI & Machine Learning, Cloud Computing, Cybersecurity, Digital Marketing, DevOps , project management and other critical digital disciplines. Through individual courses, comprehensive certification programs and partnerships with world-renowned universities, Simplilearn provides millions of professionals and thousands of corporate training organizations with the ready-to-use skills they need. to excel in their career. Situated at San Francisco, California, and Bangalore, India, Simplilearn has helped more than 2,000,000 professionals and 2,000 companies in 150 countries to train, gain certifications and achieve their business and career goals. With over 1,000 live lessons each month, real projects and more, professionals learn by doing with Simplilearn. Ongoing industry recognition for the company includes the 2020 Aegis Graham Bell Award for Innovation in EdTech, the 2020 Stevie® Gold Award for Customer Service Success and recognition by the prestigious Training Industry Inc. as one of the best IT training companies for 2020, 2021.

For more information, please visit www.simplilearn.com

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest and the communities in which we operate. To do this, we use amazing people and flexible capital to help businesses solve their problems. Our $ 649 billion assets under management include investment vehicles focused on private equity, real estate, debt and public stocks, life sciences, growth stocks, opportunistic and lower quality credit, real assets and secondary funds, all on a global scale. More information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

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SOURCE Simplilearn Solutions Private Limited

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