Edusys Obtains $7.5 Million Investment from Sequoia Capital

February 16, 2012

Bangalore, February 16, 2012: Edusys, a pioneer in education training and certification, today announced that Sequoia Capital has invested $7.5 million in the company. With this round of financing, Edusys aims to expand its business through new product introductions and to strengthen its core team and technology platform.

Launched in 2004, Edusys today has a customer base of more than 3500 companies across the world and supports students from over 150 countries. Edusys offers specific courses and tests benchmarked to industry standards which span a vast spectrum of conventional and emerging domains of learning and work. The company’s offerings have benefitted professionals from across the world succeed and make a better career.

“The test prep and certification market is a $48 billion global industry and we see tremendous opportunity for growth,” said Tridibesh Satpathy, CEO, Edusys. “Edusys has created a technology platform and business model that is capable of delivering high quality courses on a virtual delivery model that is cost effective and highly scalable. The courses are designed to provide maximum flexibility to students with innovative training styles and ease in accessibility.” He further added, “Edusys plans to double its workforce in the next year and we would like to attract high quality talent, to work in a dynamic work environment for an innovative global internet driven ‘Direct to Consumer’ opportunity”

“More than 100,000 students have already benefited from the strong Edusys education delivery model and we expect this number to scale significantly in the future,” said G V Ravishankar, Managing Director, Sequoia Capital. “Their robust learning management system and sound back office processes have enabled this scalability and helped them offer a variety of courses at far superior value relative to competition, spanning different domains within professional education.”

Edusys has been ranked as the 5th fastest growing company by the Deloitte Technology Fast 50 India Program with an impressive 650% growth over the last 3 years. Edusys strongly believes in investing in talented resources and provides its work force with global opportunities and a great work culture thriving on innovation and learning.