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Info-Tech - Mergers & Acquisitions
Everonn buys Aban e-learning unit

Chennai, Jan. 3

Everonn Systems India Ltd, a satellite-based education service provider, has acquired the e-learning division of Aban Informatics (P) Ltd, a part of Chennai-based Aban group. The e-learning division of Aban group consists of Classontheweb.com, an educational portal catering to all academic needs. Everonn will have access to over 30,000 students all over India. The acquisition will help the company cater to the needs of digital content to suit the syllabi of all educational boards within India and abroad. It will also provide content material for e-tutoring and retail market through CD-based instructional materials, according to a press release issued by Everonn. —

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