Considerably expands strategic capabilities in expertise growth, studying consulting, program design and supply
AtlantaAnd the 4 November 2022 /PRNewswire/ – NIIT Restricted (NIIT), a world expertise growth firm and a number one supplier of managed coaching providers, introduced as we speak that it has acquired a 100% natural stake in St. NIIT (United States of America), Inc. Its head workplace is positioned in Saint Charles, IllinoisStC, Inc. is a number one supplier of consulting, design, and implementation options for strategic studying applications for skilled providers companies and Fortune 500 firms.
The acquisition was accomplished for a set charge of USD 23.428 million Topic to sure modifications in accordance with remaining agreements. Moreover, the definitive agreements present for annual performance-based dividend funds over the following 4 years.
Based in 2002 by two former companions of Arthur Andersen, St. Charles Consulting Group has a community of greater than 500 key administration consultants within the areas of studying, enterprise growth, information providers and workforce planning. The corporate supplies options in 4 major areas – strategic consulting, custom-made studying experiences, studying group, and managed providers.
Rising up as Arthur Andersen’s main schooling professionals at Andersen’s World Coaching and Growth Middle, the corporate’s founders and key workforce members have served over 12 of the highest 15 international skilled providers companies.
The acquisition helps NIIT add a big presence within the skilled providers and administration consulting sectors whereas furthering the quickly rising instructional consulting follow on the Nationwide Institute of Expertise. The transaction is in step with NIIT’s acknowledged objective of accelerating progress by means of investments that add new capabilities to create extra worth for its shoppers and improve presence in engaging shopper segments. Saint Charles Deep expertise in strategic studying applications aimed toward advancing total technique, addressing strategic enterprise priorities, and key initiatives in giant organizations is in excessive demand throughout giant international organizations. The Nationwide Institute of Expertise believes that there’s a vital progress alternative for StC’s enterprise going ahead and expects the transaction to be margin and EPS buildup for the reason that first yr.
“Studying and growth is on the middle of change in a post-pandemic world present process fast enterprise and business transformation. As organizations attempt to construct and retain expertise and abilities for a future-ready workforce, L&D is main the way in which in a number of key initiatives. St. Charles Consulting Group advances Deep expertise and experience in constructing strategic studying applications which might be in excessive demand throughout our shopper base,” mentioned Sabnish Lala, CEO and CEO of NIIT Restricted.
“As NIIT helps our international shoppers construct sustainable studying ecosystems for the longer term, the expertise it supplies Saint Charles It’s going to convey a useful workforce. Our advisory workforce can be on a excessive progress path and Saint Charles The employees will assist us meet the rising demand for skilled studying consultants globally.”
“The acquisition of St. Charles Consulting Group will give our shoppers entry to an expanded potential to seek the advice of, design and implement strategic studying programmes. This may allow us to attach with our shoppers at a deeper degree to assist them obtain their strategic objectives,” mentioned DJ Chadha, Chief Consumer Officer, NIIT Restricted.
“Given the accelerating change that firms are experiencing on account of superior applied sciences, fast growth of abilities, and new service supply fashions, the flexibility of organizations to be taught and adapt should be on the coronary heart of their enterprise technique and imperatives. Consequently, the present enterprise local weather, Saint Charles It has skilled unimaginable progress over the previous few years, serving to our shoppers attain these new horizons of studying.
The time could not be higher to affix forces with NIIT to supply a broader vary of capabilities to our shoppers. Each firms provide complementary instructional capabilities and choices that may enable us to completely serve our clients and be extra aggressive out there.” Larry DurhamPresident of the Saint Charles Consulting Group.
VectorSpan and AGG acted as monetary and authorized advisors, respectively, on this transaction.
NIIT Restricted is a number one international expertise growth firm that builds expert human capital and empowers workforce expertise world wide. At NIIT’s Company Studying Group, we’re remodeling the way in which the world learns, for the higher. That is why the world’s greatest studying jobs in 30 nations belief us with their studying and expertise. Since 1981, we have helped main firms remodel their studying ecosystems whereas rising the industrial worth of studying. Our complete, high-impact managed studying options weave the perfect of studying concept, know-how, processes and providers to allow a thriving workforce.
About St. Charles Consulting Group
St. Charles Consulting Group is thought for serving to Fortune 1000 organizations enhance the worth of their expertise by offering strategic consulting, modern studying options, and managed providers. We develop and construct on a legacy of high quality studying utilizing not solely time-tested practices but additionally analysis and innovation of expertise growth options at our innovation hub, The HIVE. Our modern perspective on what must be finished to design, construct and assist folks options for our shoppers is drawn from years of expertise.
Now we have invested over the previous 20 years to construct a number one administration consulting agency that gives lots of of expertise growth options to over 120 shopper organizations. St. Charles promise high quality and substance. We assure satisfaction. We offer high quality. We assure our work.
To seek out out extra go to www.stccg.com
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