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prashantmohta
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Quote prashantmohta Replybullet Posted: 01/Jun/2007 at 3:36pm

Educomp Solutions - Updates

News Body:  

Educomp Solutions Ltd has informed BSE that the Company has been awarded a letter of intent (LOI) issued by Gujarat Informatics Ltd (GIL) on behalf of the Govt. of Gujarat for the provisioning of Computer Aided Learning services in 2819 Schools, in the State Of Gujarat. The total size of the order is Rs 71.64 crores (USD 17.47 million) spread over a period of 3 years.

After signing of this LOI, total Number of schools covered under ICT segment by the Company now stands at 5627 in comparison to 2808 schools as on March 2007.


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Quote prashantmohta Replybullet Posted: 02/Jun/2007 at 12:21pm

Educomp today announced that it has signed an agreement with the Directorate of Secondary Education , Government of Haryana to introduce computer education in Government Senior Secondary Schools in the state.

The order worth Rs 18.3 crore will be implemented over a period of three years and involves imparting education in over 800 Government high schools using information and communications technology. It will cover schools in 12 districts namely Ambala, Bhiwani, Faridabad, Gurgaon, Hissar, Jhajjar, Karnal, Mewat, Panchkula, Panipat, Rohtak and Sonipat across Haryana.

Educomp will begin with providing Computer Education in 716 Schools. The balance schools in the allotted districts will be covered under the project once the infrastructure is in place.

Mr. Soumya Kanti, Senior Vice-President, Educomp Solutions Ltd said, "Educomp is proud to be associated with the Directorate of Secondary Education in Haryana for ushering in a paradigm shift in learning among children in the state. ICT in education has had an extremely positive impact on raising learning standards among school children across the country."

He added, "We are confident that this computer education project will open new horizons for every child in Haryana."

Under the agreement Educomp will provide general computer education as per prescribed syllabus, impart basic computer training to teachers, provide bilingual books/courseware, provide two faculties in each school, maintain an MIS (Management Information System) in close co-ordination with the concerned Head of the institution and lastly provide the Project Management team comprising of a Project Manager at Chandigarh and one District Coordinator per district for smooth functioning of project.

Educomp is one of the leading companies in the country in the area of ICT in education and has set up ICT based projects in schools across the country on the BOOT (Build, Own, Operate, Transfer) principle as a means to bridge the digital divide. Currently, over three thousand computer aided learning centres are being run across India. Educomp works mainly with state and central governments tapping into a growing pool of funding in the education sector. Educomp has undertaken projects with State governments of Karnataka, Orissa, Assam, Tripura, Delhi, UP, West Bengal, Gujrat and now Haryana.

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Quote smartcat Replybullet Posted: 05/Jun/2007 at 5:47pm
Educomp to set up 100 schools in 3 years
 
Educomp is getting directly into the schools business themselves with two of their subsidiaries Eduinfra and Edumanage. One is for setting up schools directly and another for managing schools.
 
Schools? Is this a good business to be in? Isn't this regulated by state and central governments?
 
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Quote PKB2000 Replybullet Posted: 07/Jun/2007 at 12:25pm

Educomp Solutions - Updates

News Body:  

Educomp Solutions Ltd has informed BSE that the Company has signed the sale and purchase
agreement with a majority of the shareholders to acquire Ask n Learn Inc., a leading
education technology Company headquartered in Singapore. The Company has set up an SPV to complete the acquisition. The total acquisition price is Singapore $ 5.98 million in cash in addition to options worth S$ 1.05 million. This acquisition will provide the Company a substantial share of the education market in Singapore and add over 100 schools to its portfolio as well as serve as a platform for penetration into the larger APAC region. This acquisition will also bring synergies in content development and marketing at both ends.


Source: www.bseindia.com
I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso
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Quote basant Replybullet Posted: 11/Jun/2007 at 8:39pm
We are removing Educomp from the EquityDesk XI. For reasons please see this link here

Edited by basant - 11/Jun/2007 at 9:19pm
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Quote ndzapak Replybullet Posted: 14/Jun/2007 at 8:02am
Another Growth Driver for Educomp
 
Source:DNA Money

Rs8k laptop may soon close schoolbag chapter

 

Some time next year, thousands of lucky schoolchildren in the country could be trading their heavy backpacks for sporty, tiffin-box-sized laptops.

 

The PCs are currently being tested in schools across the country by Intel Corp. The company has also begun negotiations with original equipment manufacturers in India to produce the Classmate PC, the mobile learning assistant and educational solution that has been developed for students in emerging markets. The PC addresses the needs of a large age-range: from KG kids to standard XII students.As for pricing, the PC’s current rate is around $350 (over Rs14,000) per unit. But it could soon come down to $200 (circa Rs8,000), senior Intel officials said.

 

The pilot programme to introduce the PCs was implemented in Nigeria and later in Brazil under the company’s World Ahead project.In India, the pilot programme was launched in the Delhi Public School in Ghaziabad, and the company is set to begin similar initiatives in Navodaya Vidyalaya residential schools that will last for three months. Intel will implement three more pilot programmes in the country this year, in addition to another in the home situation with students, before it commercially rolls out the laptop. The content being tested has been developed by Educomp, while the Classmate PC has been designed with inputs from Intel’s India-based ethnographic group and other market research teams.

 

Moreover, the PC has been made shock-proof. It will also be theft-proof: each piece will be hooked to a designated server in the schools and will not work on other servers.

 

Wired to learning

Classmate PC, a mobile learning assistant, has been conceived by Intel.

 

The firm plans to launch the PC in India next year. A pilot programme was run in Delhi Public School, Ghaziabad.

 

The brat-proof PC can

survive a 3 ft fall. It can’t hook to other servers.

the Equitydesk is the best
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Quote PKB2000 Replybullet Posted: 15/Jun/2007 at 6:41pm

So interesting that it brings smile on our faces ( share holders) and at the same time gives education to the students!



Edited by PKB2000 - 15/Jun/2007 at 6:42pm
I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso
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Quote prashantmohta Replybullet Posted: 15/Jun/2007 at 10:23pm
Over A Million Students Rely on us for Digital Content Needs!



Shantanu Prakash
06 June 2007


Interviewer: Digital Learning

A learning education company, Educomp Solutions has grown over the years a pure education company today, pioneering in digital content, online tutoring, ICT in Education, and many more, through management of learning, content creation and delivery of learning all around the globe. And the man reckoned as the global learning enabler, Shantanu Prakash, the Managing Director of Educomp Solutions, makes education the vision and mission of his life.

For Shantanu Prakash, education in India is a INR 10,000 Cr business to tap!

“In a country currently 1,50,000 schools short, you need to encourage more private capital to come into the sector, so that more infrastructure can be developed. Yet for historical reasons education has always been considered a non profit. We as a for-profit company, certainly look at education as a business, and bring in all the efficiency of the best practices and processes to education industry, starting from the content creation, till delivery. Being for profit enables us to sharply focus on results and the educational ROI to students, Shantanu says.

True! Then why only INR 10,000 Cr? What about nurturing this business further?

India spends about 5% of its GDP in education and this is a number that is still lower if compared to other countries, where as countries like Thailand or Indonesia have 6-8% of their GDP spending in education. If India reaches to that level, then not INR10,000 Cr, but 100,000 Cr business opportunities will be created for India, envisions Shantanu.

Shantanu Prakash, the Managing Director of Educomp Solutions Limited founded the company in 1994. He is well known as a thought leader in the education technology space. He founded Deumatics Corporation USA in 2001, and Lakshya Digital Pvt. Ltd. a game development company in 2004. He is also the managing trustee of Learning Leadership Foundation a non-profit working in the areas of bringing best practices in education to schools in India

Today Educomp Solutions, which is growing at over 100% annually over the past 3 years, with ten offices in India, a fully owned subsidiary in the US and more than 1000 employees, presence in over 2,000 schools in more than 30 cities across India has scaled up to creation, management and delivery of content for the school education system in a big way. Though the visionary man is not thinking of diversifying beyond schools, today Educomp’s technology solutions cover the whole gamut of education starting from multimedia based curriculum content to teacher training for technology and pedagogy, custom content in regional languages, education portals, and online tutoring. Shantanu does not forget to add, however, ‘We are the largest digital content company, and the largest professional development company. We are into Education Process Outsourcing too. And recently we have ventured into pre-school initiative- Root to wing, for basic education.’

This is adding to the fact of Educomp recently acquiring 76 per cent stake in ThreeBrix E-Services, a company that owns ‘The Learning Hour’ tutoring service and was started in 2005 by three IIM - Ahmedabad graduates, and also has gained quick success in e-Tutoring service in the Middle East and Dubai markets. 

‘The acquisition of ThreeBrix is part of our move to get into the value added part of the education business. A part of the education business happening outside classroom too, through tutoring. ThreeBrix is into e-Tutoring, and we believe online tutoring has a vast potential in near future. By this acquisition, we can jump and tap the online tutoring market more conveniently.’

The company eyes on the Indian market for providing its e-Tutoring service, although it sees the US as an important market for its digital contents. And why not? India’s tremendous potential is visible through its 220 million student learners! The size of the instructor led tutoring market is over INR 5,000 crore in India.

Here is a critical view that Shantanu added. ‘We want to bring in an enduring understanding; understanding the fundamental concept behind any learning. Tutoring is the area where we are trying to expand. Instead of tutoring we rather use the word supplemental educational service. By tutoring we supplement teaching outside the classroom.’

What next?

“Preschool education is another area of expansion for us. And online education is the third expansion area. ‘Mathguru’ is the example of that expansion.”

The maths help programme ‘Mathguru’ hits a massive success with 10000 students as registered users across India. With this, Educomp is all set to launch probably the country’s first online science tutor - ‘Scienceguru’, a unique model to help students to learn about science subjects as per their school curriculum over the next 6 months.

How does the company read the minds of the students? How does Educomp’s educational services cater to different learning styles of the students? What gives the company the impetus to venture into such services and products, that matches the student needs? ‘No, we don’t read their minds’, Shantanu contradicts.

‘We don’t need to! CBSE data gives a clear information of the fail percentage of the students in subjects like Maths. CBSE does not prescribe how we should teach; they have only laid the curriculum. It is we who decide how to make teaching effective. And we understand, we should not allow rope learning. A multi-sensory environment for student education can break the learning barriers.’

‘We want to bring in an enduring understanding; understanding the fundamental concept behind any learning. Tutoring is the area where we are trying to expand. Instead of tutoring we rather use the word supplemental educational service. By tutoring we supplement teaching outside the classroom.’

Educomp not only helps building student capacity through technology enhanced learning, it also helps improving teacher competency by providing teacher education. ‘We are the largest teacher training company in India. This year we trained 250,000 teachers in the country. Our focus is very much on the teachers, as we understand, they are the key.’

Any teacher training academy Educomp runs?

‘We don’t have any academy as such’, Shantanu answers. ‘We send the trainers to the schools and there, they train the teachers. We have a programme called QuEST  – Quality Education for Schools and Teachers, through which we take care of both the pedagogy as well as the technology aspects.’ So, with all these diversified services taking Educomp to the No 1 position, does Shantanu see a competitor in the education services market?

We are also the largest teacher training company in India. This year we trained few lakhs teachers in the country. ‘We send the trainers to the schools and there, they train the teachers. We have a programme called QuEST  – Quality Education for Schools and Teachers, through which we take care of both the pedagogy as well as the technology aspects of training’

‘We compete every day. For example, in our Smart_Class project, our competition is not really with other companies. Our competition is with the sluggish school management system.’ Educomp competes for change; And any change needs a fast pace. But never to worry. The company works for well designed learning that can improve the quality of learning. Yet there is a lot of pressure in quick learning too. Educomp thrives with the balancing act between a well designed and a rapidly designed instruction occupying the same space in the education world.

So what does he expect ultimately? The sky is not far up for the man with so many service packages, acquisitions, and expansions. ‘In a recession-proof market that is usually not affected by the external forces, it is not much required to aim and achieve high. Our ROI (Return On Investment) is non-financial, which is more in terms of globally educated and trained talents.’

Digital Learning wishes more ROI, more feathers of success for this learning solution company, and for the man behind its vision, to expand the horizon of growth.       

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