Educomp Solutions Invests In ThreeBrix E-Services

Educomp Solutions Ltd has informed that the Company has made a strategic investment in ThreeBrix E-Services Pvt Ltd by acquiring 76% of the equity capital of the Company.Bricks eservices owns The Learning Hour tutoring service and was started in 2005 by 3 IIM - Ahmedabad graduates, Chandan Aggarwal, Mohit Bansal and Riju Gupta and have gained early success in providing a high quality tutoring service in the Middle East and Dubai markets. The partnership between the Company and 3 Bricks will leverage the Companys large content library and pedagogical materials to provide tutoring in several ways, online, offline and through learning centers mainly focused on serving Indian students. The Company estimates the size of the instructor led tutoring market as over 5000 crores on India and will seek to bring transformational products into this space to better serve over 75 million students in India who access after school tutors.