Orion Edutech acquires 67% stake in Brain Valley

Skill development company Orion Edutech today announced acquisition of 67% stake in Chennai-based Brain Valley Software Pvt Ltd, an independent assessment solution for corporates and education institutes.

Howver, the financial details of the deal could not be ascertained.

The partnership will equip Orion Edutech with Brain Valley's scalable cloud-based solution, Quizky, for conducting error-free high-stake tests, addressing the Indian $3.4 billion vocational/corporate training market which is growing at 15% annually, the company said in a release.

Funded by Ventureast, Orion Edutech, established in 2007, provides training to more than 1.4 million job aspirants, in addition to placing more than 1 lakh candidates in over 350 companies from 150+ training centres spread across 19 states in India.

Stating that by virtue of acquiring a majority stake, Orion will now own the IP of Brain Valley's flagship assessment solution Quizky, the company said this strategic investment will augment Orion Edutech with its powerful, feature-rich cloud based simulated test interface, providing a detailed analysis, automating and streamlining tests.

Brain Valley was founded in 2011 and is providing more than 1.5 million assessments for an array of competitive exams.