Bengaluru / October 31, 2024: CL Educate, the parent company of Career Launcher, is gearing up for international expansion, targeting key markets like Singapore, Indonesia, West Asia, and North America. This strategic move is fueled by the recent acquisition of the Digital Exam Assessment (DEX) business from NSEIT.
The acquisition, valued at an initial consideration of Rs 230 crore with potential additional payments, will enable CL Educate to enter the digital assessment market, a sector projected to reach over Rs 13,000 crore in India by 2028.
Satya Narayanan, Founder and Chairman of CL Educate, expressed optimism about the potential for growth in both domestic and international markets. He highlighted the opportunity to leverage CL Educate’s existing presence in key geographies to accelerate expansion.
The company also sees significant potential in neighboring markets such as Sri Lanka, Nepal, and Bangladesh, which could contribute to significant top-line growth and margin expansion.
Post-acquisition, CL Educate will not only enter the digital assessment market but also gain a substantial market share of around 20%. This strong foothold will enable the company to expand its market presence both domestically and internationally.
The digital assessment market has experienced rapid growth in recent years, driven by the increasing demand for efficient and secure online examinations. CL Educate’s acquisition of NSEIT’s DEX business positions the company to capitalize on this growing market and deliver innovative solutions to clients.