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Tata Interactive Systems Acquires Two Companies - Tata Interactive Systems (TIS), a global pioneer in e-learning, has acquired two companies – Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany – from the Tertia Group, a leading provider of Human Resources Management solutions.
Tata Interactive Systems Acquires Two Companies

 

PRZOOM - /newswire/ - London, United Kingdom, 2006/01/09 - Tata Interactive Systems (TIS), a global pioneer in e-learning, has acquired two companies – Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany – from the Tertia Group, a leading provider of Human Resources Management solutions..

   
 
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Tata Interactive Systems (TIS), a global pioneer in e-learning, has acquired two companies – Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in Germany – from the Tertia Group, a leading provider of Human Resources Management solutions in Germany. This acquisition comes close on the heels of the successful launch and consolidation of TIS’s operations in Japan, and is expected to significantly enhance their global footprint – a span that now includes the US & Canada, the UK, Australia & New Zealand, the UAE, Japan, South Africa, India and Mainland Europe.

Tertia Edusoft AG is the market leader in Switzerland in the development of regulatory and compliance training solutions for the Banking, Financial Services, Insurance, Professional Services, Logistics and Telecom sectors.

Tertia Edusoft GmbH’s core competence lies in designing management simulations, through their proprietary product line, TOPSIM – the no. 1 simulation product in Germany. TOPSIM has been successfully implemented in business education and professional training for more than 20 years in German-speaking countries, and is currently being used by more than 1,000 customers.

“This is a significant step for us in our quest for global leadership in e-learning. These two companies provide us the impetus to pursue high growth opportunities in the European market. Now we can offer an even wider range of offerings to our customers worldwide,” said Mr. Sanjaya Sharma, CEO of TIS.

“Tata Interactive Systems’ professional approach to e-learning has greatly impressed us and we are very pleased with having completed these transactions which will bring increased offerings and support to the customers of Tertia Edusoft GmbH and Tertia Edusoft Switzerland AG. Further more, the transactions will allow Tertia Group to fully focus on its core business in Human Resources Management,” commented Mr. Klaus Menzel CEO of Tertia GmbH.

Tertia Edusoft GmbH’s TOPSIM range works in synergy with TIS’s strong global presence in the simulations segment. TIS has already developed a library of about 200 SimBLs™ (Simulation-based Learning Objects) on diverse topics – from Management and Accounting to Business Ethics and People Management – that are being used by more than 60,000 students and 25,000 other licensees around the world.

"With the coming together of SimBLs™ and TOPSIM, we are poised to become a world leader in simulations," added Mr. Sharma.

About Tata Interactive Systems (TIS)

Tata Interactive Systems (TIS) is a global pioneer in e-learning, with more than 15 years of experience in designing and developing innovative and cutting-edge e-learning solutions. TIS is a part of the $18 billion Tata Group – one of the largest and most trusted business conglomerates in India.

TIS employs a global team of over 900 multi-disciplinary specialists – a unique mix of project managers, software engineers, instructional designers, content developers, visual designers and animators. Its service bouquet includes Simulations, Systems Training, New Hire Training, Business Processes and Skills Training, Regulatory and Compliance Training, Sales and Customer Service Training, Adaptive Assessments, Story-based Learning Objects, M-Learning and EPSS. Powered by creative talent, sound processes and technological excellence, TIS has developed e-learning solutions for more than 300 clients – including 50 Fortune 500 companies – across the US, the UK, Australia, Mainland Europe, Japan, UAE and India. Its client roster includes leading corporations, renowned educational institutions and government bodies such as American Airlines, British Airways, Citibank, Colgate-Palmolive, ExxonMobil, GE, GlaxoSmithKline, HP, McGraw-Hill, ntl, Orange, Pearson Education, Qantas, Qwest, Royal Mail, Swiss Re, UNICEF, University of Phoenix, University of Maryland and Vodafone.

Apart from holding ISO 9001 certification, TIS is the only e-learning organisation in the world to be assessed at Level 5 in both the SEI-CMM and P-CMM frameworks. TIS’s quest for excellence is reflected in numerous prestigious industry awards, including a Silver - Brandon Hall Excellence in Learning Award 2005 and 2004, APEX 2005 Award of Excellence, BETT 2004 Best Product Award, and 2 Business World–NID Design Excellence awards.

About the Tertia Group

The Tertia Group (tertia.de) which was established more than thirty years ago, is a leading provider of complete offerings in Human Resources Management solutions with 1,500 employees in 70 locations across Germany. The Tertia Group’s offering among other things comprises professional training and qualification, time sharing of employees, outplacement and career planning.

About the Tata Group

The Tata Group, established in 1904 by the great visionary Jamsetji Tata, is one of India’s largest and most trusted business houses. The group pioneered the industrial revolution in India by founding the first steel plant, power plant and chain of luxury hotels, to name a few.

The Group employs more than 220,000 people in 93 companies across diversified industry sectors including steel, automobiles, cement, telecom and IT. Generating revenues to the tune of $18 billion per year – 2.9 % of India’s total GDP – it is recognized as a leader in several industry segments such as such as steel, power, software exports and chemicals. It is also the parent company to Tata Consultancy Services (TCS), Asia’s largest software producer.

Further information from
Alan Samuel, Tata Interactive Systems, 020 7905 0156.

 
 
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Tata Interactive Systems Acquires Two Companies

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