NIIT to acquire soft skill training company Evolv

NEW DELHI: IT training company NIIT today said that the company's Board of Directors has given the nod to acquire the balance 40 per cent stake in Noida-based English language and soft skill training company Evolv.

"NIIT had around 60 per cent stake in the company. The Board of Directors today approved to acquire 40 per cent stake in Evolv for its complete acquisition by the company," NIIT spokesperson Prateek Chatterjee told PTI.

The company, however, did not disclose the size of the deal.

Chatterjee added that NIIT is transitioning from an IT training company to a talent development company. Hence, the deal strategically fits the company future road map.

"We feel that soft kill training enhances employability of a learner. Therefore, we see it as a strategic fit going ahead," Chatterjee said.