Can you tell us more about PurpleLeap`s relationship with Educomp Solutions?
PurpleLeap is backed by Educomp Solutions, country`s largest technology driven education company, as a strategic investor. In 2008, Educomp Solutions made a strategic investment in PurpleLeap. Educomp Solutions and Pearson have got into a joint venture to cater to the huge gap in employable talent across levels and verticals. This joint venture has made a strategic investment of Rs 110 million in PurpleLeap. Apart from the investment, PurpleLeap gets access to complete content, technology and assessments from Pearson. The same will be made available to Indian students and corporates. What significance does PurpleLeap play in making students get better employment during the current economic meltdown? In good old days (before 2008), most IT organizations whether small, mid-size or large, used to spend Rs 2 to 3 lacs to train fresher engineers and graduates. However, the slowdown has hit the companies hard leading to lower billing rates with existing and new clients. While the quantum of
