COLUMBIA, Md. and CHENNAI, India, April 4, 2017 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that effective April 1, 2017 it has completed the acquisition of certain assets and the business of Emantras, an innovative digital education company that provides engaging learning experiences and effective knowledge delivery through award-winning digital and mobile solutions.
- Founded in 2000 with offices in Fremont, California and Chennai, India
- As an expert eLearning content development provider, creates learning material for publishing on mobile phones, tablets, widgets, gaming devices and portals
- Holds a diverse customer base including K-12, Higher Education, Global 500 and other commercial companies
- Generated revenues of approximately $3M in its most recent fiscal year
- Employs approximately 130 people in Chennai, India
This acquisition strengthens GP Strategies' eLearning development capabilities, allowing it to better serve its customer base with the latest digital learning solutions. Emantras will operate as part of GP Strategies' Learning Solutions segment.
Sesh Kumar, Emantras' Founder and Chief Executive Officer, stated, "We are very delighted that our mission to create innovative learning experiences is now going to be delivered to a larger global audience. Being part of GP Strategies allows us to expand and offer their wide range of services along with our award-winning services and solutions to Emantras' existing client base and their global clients."
Scott Greenberg, GP Strategies' Chief Executive Officer, stated, "The acquisition of Emantras brings us greater technical expertise in the eLearning arena, allowing us to leverage lower cost resources while also enhancing our service offerings to our global customer base. We are delighted to have Emantras, an inventive solutions provider, as part of our company."
Additional information may be found at http://www.emantras.com/.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE GP Strategies Corporation