January 26, 2014
Hobsons, an education subsidiary of the Daily Mail and General Trust (DMGT), today announced a strategic minority investment in iProf Learning Solutions, a leading learning management and test preparation provider in India. This investment marks Hobsons’ entrance into the rapidly expanding Indian market, furthering the company’s position as a global leader in student support and college and career readiness solutions.
As part of the new relationship, Hobsons and iProf will work collaboratively on solutions that help students in India better prepare for post-secondary education and career opportunities.
“Hobsons and iProf share the same values, desire for quality, and passion for education. We are excited to explore the opportunity to contribute to new K-12 solutions to the India market as Hobsons continues to expand our geographical footprint in South Asia,” said Hobsons’ CEO, Craig Heldman.”
Hobsons and iProf’s complementary areas of expertise will bring college and career readiness solutions and future success resources together, offering synergies that will benefit local students and the more than 200,000 Indian students being educated in major English-speaking programs and institutions overseas.
“The combination of iProf’s experience of delivering highly innovative education solutions in India and Hobsons’ formidable worldwide presence in education provides the ideal opportunity to bring new products and services that will add considerable value to students and schools across India,” said iProf CEO, Sanjay Purohit.
This investment is designed to serve students with a more comprehensive and complementary set of tailored products that will help them meet their education goals.