The National Stock Exchange of India Limited’s wholly-owned subsidiary, NSE Academy Ltd., sold TalentSprint, a deep tech education company, to Accenture.
According to a press release from Accenture, the acquisition will strengthen LearnVantage’s capacity to propel expansion via important university certifications and high-impact bootcamps, generating skilled talent pools for businesses and governments.
TalentSprint was founded in 2008 by Santanu Paul, J Chowdary, and Madhu Murty. It uses a hybrid online/onsite model to provide certification programs in deep and emerging technologies to both experienced and aspiring professionals. Their suggested programs include blockchains, fintech, digital health, AI and data sciences, cyber security, and coding boot camps.
Accenture claims that this acquisition will enhance LearnVantage’s capacity to assist businesses in reshaping their workforces by reskilling, upskilling, and equipping them for a world driven by artificial intelligence. About 210 professionals from TalentSprint will join Accenture LearnVantage.
The Indian Institutes of Management (IIMs), Indian Institutes of Technology (IITs), International Institutes of Information Technology (IIITs), and internationally recognized research institutions are among the academic institutions with which TalentSprint has partnered over the last 15 years.
Accenture claims that TalentSprint is a perfect fit for its growing LearnVantage business because of its end-to-end delivery capabilities of focused learning programs, which offer a competitive value proposition for both enterprises and learners.
“The addition of TalentSprint further boosts our ability to meet our clients’ demand for training, helping their people gain the essential technology skills in emerging areas needed to reinvent their organisations and achieve greater business value,” said Kishore Durg, global lead of Accenture LearnVantage.
The operational revenue of TalentSprint increased from Rs 71 crore in FY22 to Rs 100 crore in FY23, a 40.8% increase. The business has not yet submitted its FY24 and FY25 financial statements.
