Byju’s acquires TutorVista, Edurite

BENGALURU: Education technology startup Byju’s (Think and Learn Pvt Ltd) has acquired global education company Pearson Plc’s TutorVista and Edurite for an undisclosed amount, in a move aimed at expanding global reach as well as offerings for students.

“This partnership will enhance our product offerings and give us access in some of the new markets when we launch our international products. We are excited to work with the talented and experienced team who will come on-board as a part of this acquisition,” Byju Raveendran, founder and chief executive at Byju’s said in a statement.

TutorVista gets about 70% of the traffic on its website from the US. Pearson in 2009 acquired a 17% stake in Bangalore-headquartered TutorVista and in January 2011 purchased another 59% stake for ₹577 crore. It raised its stake to 80% from 76% in the same year. In February 2013, it acquired the remaining 20%.

TutorVista operates in four business segments-online tutorials; digital content and information and communication technologies for schools; test preparation and offline coaching to students; and the management of K-12 schools.

“Edurite and TutorVista are pioneer brands in their respective spaces and enjoy great customer goodwill,” Deepak Mehrotra, MD at Pearson India said in a statement.