NIIT acquires 70% stake in training programs provider RPS Consulting

NIIT Limited, an Indian skills and talent development company, has acquired a stake of 70% in RPS Consulting, a provider of training programs on emerging digital technologies for experienced technology professionals.

The financial terms of the deal were not disclosed.

NIIT said that it will acquire the remaining 30% stake from the promoters of RPS Consulting within the next two and a half years in subsequent tranches contingent on certain financial milestones and closing adjustments.

RPS Consulting particularly addresses the requirements of global systems integrators and capability centers of large multinational firms. The company’s trailing 12 months revenue for the period ending 30 September 2021 is projected to be around INR 105.7 crores, with a 32% year over year growth.

NIIT said that the acquisition will generate new opportunities for the company and RPS Consulting to provide innovative learning solutions in emerging digital technologies such as software architecting and engineering, cloud, data science, automation, and DevOps, for working professionals as well as new hires.

The skills and talent development company further said that the acquisition will also help it broaden its managed training services portfolio to include technology training as a managed service for its customers around the world.

Sapnesh Lalla — CEO and Executive Director of NIIT said: “This acquisition enhances NIIT’s strengths and capabilities to offer emerging technology programs for experienced technology professionals, in addition to NIIT’s new hire, deep skilling and digital transformation programs.”

RPS Consulting has become a subsidiary of NIIT and the company’s leadership team will continue to drive operations.

Prasad Balakrishnan — CEO and Executive Director of RPS Consulting said: “Both NIIT and RPS Consulting are leading names in the technology training industry. We are confident that this acquisition will result in creating significant value for our customers, partners and stakeholders.”