Newgen KnowledgeWorks is a Chennai, India based leading provider of publishing and technical services to global publishers. On September 21, 2016 Exult and Newgen announced that Newgen has acquired a majority stake in Pune’s Exult Infosolutions, a company engaged in Learning Solutions, Mobility and Web application services and products. This acquisition would help Carlyle Group-backed Newgen enter the space of e-Learning and mobility across multiple new markets.
Exult has over 8.5 years of experience in consulting and outsourcing services. Exult helps Fortune 1000 & leading global businesses to achieve training goals by providing Custom Learning Solutions, Software Application Development, Mobility Solutions, and UI/UX Design.
Both companies are key players in the content development and transformation space. While Newgen focuses more on the traditional piece of publishing, Exult is more futuristic in terms of Digital services and products, enterprise mobile apps and cloud based application. This creates substantial opportunities to Newgen to reach out to their vast customer base with all these new service offerings. Exult would benefit from an expanded customer outreach, executive management support and opportunities to expand into newer verticals.
Since the world of education, corporate training and publishing is changing at a very fast pace, the timing of this partnership could not have been better.
Exult Co-Founder and Director of Operations, Sandeep Khomne said, “Exult has always strived to become one of the leading Learning Solutions, Mobility, and Technology companies in the world. Thanks to the effort of our talented and passionate team, Exult has witnessed a decade of consistent and robust growth. We feel this is the right time for Exult to step up the pedal and join hands with a strategic partner to accelerate growth. In Newgen, we have identified a perfect partner who brings immense strategic value to us in the form of global outreach, larger customer portfolio, and service expansion opportunities. We are excited to be a part of Newgen and look forward to the journey ahead.”
Exult Co-Founder and Director of Sales, Saurabh Pangarkar said, “Exult’s DNA has been its employee and customer focus. In order to align more strategically and to grow our solution footprint we were looking for a similar-minded partner where our synergies could be utilized. Newgen and Exult have a lot in common. We see substantial growth and benefits for all of us through this association. Exciting times are ahead of us and for our customers whom we serve through our solutions. We look forward to serving them better in days and years to come.”
Newgen Founder and CEO, Prabhakar Ram said, “We have emerged as a preferred service provider to multi-billion-dollar publishing outsourcing industry. Together with the e-learning industry, incidentally also a multi-billion-dollar industry, these businesses offer fantastic growth opportunities to both Newgen and Exult to cross-sell products and services in each other’s markets. We are confident of a 100% growth within a few years.”
“Since the world of education and publishing is changing very fast, the timing could not have been better. Our partnership with Exult would offer customers significantly improved value propositions – allowing them to experience the entire range of products and services – from traditional publishing to digital services and products across mobility and Augmented Virtual Reality platforms.” he added.
About Exult Infosolutions Private Limited
Exult is an award winning innovative solution providers for E-learning, Mobility and Technology. It provides end-to-end services in areas of learning solutions, mobility and cloud-based software applications. Exult caters to requirements from a global business portfolio of clients comprising HR consulting, Information Technology, pharma and healthcare, financial Services, aviation, manufacturing, BPO, professional services, educational service providers and publishing.
Headquartered in Bavdhan Pune, Exult houses over 150 associates offering expertise in various skills and domains.
About Newgen KnowledgeWorks Private Limited
Newgen is a provider of publishing and technical services for books and journals, such as content sourcing, content creation, project management, author liaison, development editing, copyediting, design, artwork and permissions, typesetting/composition, XML creation, ebook delivery, EPUB conversion, bespoke publishing, backlist conversions, mobile app distribution and discoverability solutions. Newgen has an employee strength of 1500+ spread across more than 10 delivery centers around the globe including India, UK, USA, Netherlands, Malaysia, and Australia. It has diversified into financial publishing, digital marketing and complex publishing solutions through its subsidiaries. Its UK subsidiary, Spectra offers a SaaS (“Software-as-a-Service”) solution for addressing the publishing and reporting requirements of the fund management/asset management industry. ePagemaker is a digital marketing solutions company specialized to provide end-to-end interactive solutions to clients. GPSL provides, develops and delivers applications and software customized to client requirements to solve complex publishing challenges in various environments such as defense and government.
Global alternative asset manager, Carlyle Group LP, had invested $32.8 million in December 2014, to acquire a majority stake in Newgen KnowledgeWorks Pvt Ltd, which caters to the US, the UK and European markets.
About The Carlyle Group
The Carlyle Group is an American multinational private equity, alternative asset management and financial services corporation. As one of the largest private equity and alternative investment firms in the world, Carlyle specializes in four key business areas: corporate private equity, real assets, global market strategies, and investment solutions. Carlyle has at various times had investments in companies such as Booz Allen Hamilton, Dex Media, Dunkin’ Brands, Freescale Semiconductor, Getty Images, HCR Manor Care, Hertz, Kinder Morgan, Nielsen, and United Defense.
Over the course of two decades, Carlyle has amassed a portfolio of $193 billion in assets under management across 130 funds and 156 fund of fund vehicles and has made investments in more than 200 companies and more than 250 real estate investments.