Globals ITeS has secured strategic investments from two strategic investors, Encore Operating Partners, Mauritius, and Commonwealth Education Trust, UK. The investments will facilitate Globals to dilute about 38-per cent stakes to Commonwealth Education Trust and Encore Operating Partners.
"Globals has carved a name in the education domain globally. The funds will go towards developing cloud-based products in the education space such as ERP Systems for K-12 educational institutions, low-cost Tablet PCs and Online Teacher Training platforms. We are very happy that top investment firms have invested in Globals. This is a testimony of our achievements, and thus to take forward our vision to use technology as an enabler to make quality education accessible and affordable at the bottom of the pyramid," said Suhas Gopinath, Chairman& CEO, Globals.
"Suhas Gopinath and his team at Globals have created a unique organization built on Passion, Commitment and Belief in their mission. Their entrepreneurial energy and zeal has permitted this 20-something team to build a product and deliver it globally. The acknowledgements and accolades they have received from renowned bodies, head of states and prominent institutions
across the globe is proof of their abilities and performance. Encore is, indeed, proud to be associated with this team as not merely an investor but to bring the benefits of our extensive experience in building large organizations and the market reach we have across the globe. The Globals investment, we believe, encapsulates our investment philosophy in totality, which is to provide money, management bandwidth and market access to energize, enhance and enlarge entrepreneurial early growth companies," said Hari Padmanabhan, Chairman, Encore Operating Partners, Mauritius.
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