Posts Tagged ‘Vidhyadhana Academy’

EdServ SoftSystems (EdServ) to raise $25million through GDR/FCCB issue

Chennai based Education and Placement Company EdServ SoftSystems (EdServ) has announced that it plans to raise $25miUion through a GDR/FCCB issue. This fund raising process is subject to the shareholder approval at the EGM (Extra-Ordinary General meeting) which will be held in Chennai on 11* January 2010. The GDR/FCCB issue is expected to be completed by the first quarter of next year.

The proceeds of the issue will be utilised to fund the company”s aggressive plans in the Schools segment and Online Tuition services market, tor upgrading the Learning Management System to include Institutions Management Systems, for Content Development, Infrastructure Expansion and towards expanding its presence Pan India in the Higher Education and Career Placement segments. The funds will also be utilised towards the company”s promotion campaign exercise for the roll out Pan India.

As part of its IDEA (Industry Demand Alignment) based education programme for Schools, EdServ will support and guide every student from K-12 to Careers in a Progressive Education Model through a smart learning process. The long term plan is to provide career seeding and mapping for students from as early as the primary and secondary education levels. EdServ”s presence in Higher Education and Careers engagement space will further help achieving the IDEA based education end-to-end to a student so as to get a fitment to the most suited career that is industry demand aligned.

EdServ, through Vidhyadhana Academy of Excellence, plans to expand its presence into 250 EdSchools over the next 12-18months.

Commenting on the plans, S. Giridharan, Chairman and CEO, EdServ said, “We have already got over 50 schools, across Tamil Nadu, interested to sign-up under the Vidhyadhana School model and we expect to roll out our Vidhyadhana Academy programme early next year. We have in the last month expanded our online tuition services to now include Engineering Students as well. Our plan is to invest significantly in building a huge Tutor base across the country in our effort to expand our presence and reach in the Online Tuition Services market.”

Giridharan added, “Our plan is also to expand our presence in the Higher Education segment across India, where we provide academic performance support to colleges, both through the in-campus and outside-campus routes. We plan to upgrade our Learning Management System tool to accommodate School and College Management Systems. Our target is to partner with leading universities across the country and to have a strong pan India presence over the next 12months.”

EdServ currently provides academic support to students of Anna University and Mother Teresa University. EdServ also has relationship with Manonmaniam Sundaranar University,Tirunelveli and is also an Associate Training Provider of Apex Hitech Institute, under DGE&T, Government of India. In September this year, EdServ acquired with an online student base of 50,000 students.