TutorVista attracts investment from Manipal Education

Released on: October 18, 2007, 10:48 pm

Press Release Author: Venkatesh

Industry:

Press Release Summary: TutorVista attracts investment from Manipal Education
Association to help TutorVista jump start its India Plan


Press Release Body: TutorVista attracts investment from Manipal Education
Association to help TutorVista jump start its India Plan

Bangalore, October 18, 2007: Education sector continues to attract investment.
Bangalore based TutorVista.com - the leading online tutoring company today announced
that a strategic investment of $2.5 million has been made in TutorVista by one of
India's top ranking educational conglomerate - The Manipal Education Group. With
this, Dr. Ranjan Pai, the CEO of Manipal Education and Medical Group (MEMG) comes on
board of TutorVista as an independent Director.

TutorVista - a global leader in online tutoring and test preparation services brings
with itself a technological innovation based service and its collaboration with
Manipal Education will benefit students in accessing the course materials directly
from the internet.

"We are delighted to have Manipal Education as our investor-partner, which not only
reaffirms our market credibility and competitiveness but helps us in rapidly growing
our market presence and strengthening our core competencies in online learning."
said Mr. Ganesh Krishnan, Founder & Chairman, TutorVista.com

Manipal Education is one of the largest and most diversified academic and education
services provider in India. With two universities - Manipal University and Sikkim
Manipal University and over 30 institutions in India, besides colleges and
university campuses in Antigua, Dubai, Malaysia and Nepal, Manipal education
currently has over 125,000 students studying under-graduate, graduate and doctoral
programmes.

"This investment is a step forward for us at Manipal Education in erasing boundaries
concerning education and furthers our commitment in creating a global footprint",
said Dr. Ranjan Pai, CEO - Manipal Education and Medical Group. As the CEO, Dr.
Pai's focus is on new business initiatives of the group. "This investment would be
mutually beneficial in enabling education to be truly pervasive", he said.

Manipal's interest in the K-12 space and personalized tuitions is envisaged by the
need to leverage the latest technology for increasing reach and effectiveness of
school education. TutorVista adopts a cost effective, mass based approach that makes
education accessible for the bottom of the pyramid.

The association with Manipal Education will help TutorVista jump start its India
plan, which spans a host of areas. TutorVista plans to leverage education content,
technology and internet marketing expertise to bring affordable education across the
country. The India initiative plans to reach the remotest corners and make quality
education accessible and affordable to every student through a combination of online
and offline methods using technology, reach and key partnerships.

TutorVista has an excellent model with a unique combination of Internet, Global
Resources and Technology Platform to deliver scalable education worldwide.


For further information, contact:

Mr. Ankit Chaudhary, TutorVista.com, Ph: 9980140964

Media Contact: Venkatesh, Brand-Comm, Bangalore, Ph: 9845450336


Web Site: http://www.brand-comm.com

Contact Details: Venkatesh, Brand-Comm, Bangalore,
pravin@brand-comm.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •