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Aptech’s Microsoft deal boost competitiveness, shares up

Aptech’s Microsoft deal boost competitiveness, shares up
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First Published: Tue, Feb 15 2011. 03 48 PM IST
Updated: Tue, Feb 15 2011. 03 48 PM IST
Mumbai: IT trainer Aptech Ltd’s shares jumped 12% on Tuesday after the company’s chief executive said its deal to offer Microsoft’s educational content will help it maintain its competitive edge worldwide.
Aptech signed a deal to offer Microsoft Corp’s educational content in its IT vocational training courses on Friday.
The firms, however, did not disclose any financial details related to the pact.
Aptech aims to enroll 150,000 students by 2015 for the Microsoft-content embedded courses and plans to offer it to all its 360 centres across India and also overseas, Ninad Karpe, managing director and chief executive said.
The Indian company which has overseas operations in countries such as China, Russia, Vietnam and Nigeria, also said it plans to enter new geographies in Africa and Latin America.
“We are currently present in the English speaking countries of Africa but we are not present in South Africa, where we intend to enter,” Kapre said.
“We also plan to enter the French speaking countries of Africa and are looking at expanding in Latin America,” he said.
Shares of Aptech provisionally ended 8.98% at Rs 107.35 in the Bombay Stock Exchange.
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First Published: Tue, Feb 15 2011. 03 48 PM IST