SoftBank-backed Whatfix acquires Indian learning management platform

Software-as-a-service startup funded by SoftBank Nittio Learn, a learning management system founded in India, has been bought by Whatfix. The deal's value was not disclosed by the corporation. Whatfix announced it will improve its application training capabilities by acquiring Nittio Learn, which will make learning more personalised, adaptive, and interactive. Whatfix claims that their Digital Adoption Platform, which helps businesses speed software adoption, has increased employee productivity by 35 percent. According to the company, their technology cuts training time and expenses by 60% and improves application data accuracy by 20%. San Jose, San Francisco, London, Melbourne, Sydney, and Bengaluru are among its offices.

Meanwhile, Nittio Learn's toolset adds additional content possibilities, evaluation capabilities, and training course allocation, which the business claims complement Whatfix's array of products. Nittio Learn co-founders Gagandeep Singh Josan and Aravindan Rs, as well as their staff, have joined Whatfix as part of the deal. According to Whatfix, it has experienced 100 percent year-over-year growth over the past two quarters.

“Mergers and acquisitions are an essential component of its strategy, and it has designated areas where they're looking to purchase as well as budgeted for them. Whatfix co-founder and CEO Khadim Batti told Tech in Asia, "they're also developing a corporate development team focused on mergers and acquisitions." Whatfix raised USD90 million in a series D investment round spearheaded by SoftBank Vision Fund 2 in June, valuing the company at USD600 million.