Online training set to witness explosive growth
Web-based training is expected to enjoy an explosive growth of 95 per cent annually for the next few years. For the united states market alone, the estimated size of online learning is two billion dollars, and it is projected to grow to $5.5 billion in the next two years, according to eminent information technology expert and NIIT chairman Rajendra S Pawar.Careerrange ties up with Zeenext.com for sites
Chennai-based dot.com company Careerrange has tied up with Zeenext.com for its three sites-careerenrich.com, jobsfor her.com, earnwhilelearn.com. The last two are targeted at housewives willing to work from home or do part-time jobs and students respectively. From June, the services of the sites will be available in Chennai and Bangalore, but they will go national in a month's time.
Microcon raises funds for expansion
Bangalore-based Microcon International Ltd (MIL) has announced that it has raised $1.8 million to finance its expansion in the wireless Internet and mobile commerce markets. The funds are provided by Schroder Ventures Asia-Pacific Fund, $500 million pan-Asia private equity fund. MIL chief executive S Ravi Narayanan said that with the Schorders' support, commitment and international reach, the company was poised to position itself as a major player in the emerging growth technologies of the future.
Tele Data Informatics, Inspiration Group tie up
The Chennai-based IT firm Tele Data Informatics Ltd has joined hands with Inspiration Group Ltd, UK for marketing software products and software related services on contract and on turnkey basis in Europe. Tele Data Informatics Ltd has already signed MoUs with Transcon Utility Services Inc for US, in Singapore with Far East Creations Pte Ltd and in Malaysia with Agate Technology Sbn Bhd.
Newgen Software to go public by year-end
Delhi-based Newgen Software Technologies has said that it would soon hit the market with about Rs 50 crore IPO to fund various expansion plans within the country and overseas. The company is expected to go public by end of 2000. "We would be notifying Securities and Exchange Board of India (SEBI) over the next two to three months," Dewakar Nigam, company MD said.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.