Tata Interactive Systems acquires two companies from the Tertia Group
Tata Interactive Systems (TIS), a global pioneer in e-learning, has acquired two companies - Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany - from the Tertia Group, a leading provider of Human Resources Management solutions in Germany.
Tata Interactive Systems (TIS), a global pioneer in e-learning, has acquired two companies - Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany - from the Tertia Group, a leading provider of Human Resources Management solutions in Germany. This acquisition comes close on the heels of the successful launch and consolidation of TIS's operations in Japan, and is expected to significantly enhance their global footprint - a span that now includes the US & Canada, the UK, Australia & New Zealand, the UAE, Japan, South Africa, India and Mainland Europe.
Tertia Edusoft AG is the market leader in Switzerland in the development of regulatory and compliance training solutions for the Banking, Financial Services, Insurance, Professional Services, Logistics and Telecom sectors.
Tertia Edusoft GmbH's core competence lies in designing management simulations, through their proprietary product line, TOPSIM - the no. 1 simulation product in Germany. TOPSIM has been successfully implemented in business education and professional training for more than 20 years in German-speaking countries, and is currently being used by more than 1,000 customers.
"This is a significant step for us in our quest for global leadership in e-learning. These two companies provide us the impetus to pursue high growth opportunities in the European market. Now we can offer an even wider range of offerings to our customers worldwide," said Mr. Sanjaya Sharma, CEO of TIS.
"Tata Interactive Systems' professional approach to e-learning has greatly impressed us and we are very pleased with having completed these transactions which will bring increased offerings and support to the customers of Tertia Edusoft GmbH and Tertia Edusoft Switzerland AG. Further more, the transactions will allow Tertia Group to fully focus on its core business in Human Resources Management," commented Mr. Klaus Menzel CEO of Tertia GmbH.
Tertia Edusoft GmbH's TOPSIM range works in synergy with TIS's strong global presence in the simulations segment. TIS has already developed a library of about 200 SimBLs™ (Simulation-based Learning Objects) on diverse topics - from Management and Accounting to Business Ethics and People Management - that are being used by more than 60,000 students and 25,000 other licensees around the world.
"With the coming together of SimBLs™ and TOPSIM, we are poised to become a world leader in simulations," added Mr. Sharma.
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