Aptech's Microsoft deal boost competitiveness, shares up
IT trainer Aptech Ltd's shares jumped 12% on Tuesday after the company's chief executive said its deal to offer Microsoft's educational content will help it maintain its competitive edge worldwide.business Updated: Feb 15, 2011 16:23 IST
IT trainer Aptech Ltd's shares jumped 12% on Tuesday after the company's chief executive said its deal to offer Microsoft's educational content will help it maintain its competitive edge worldwide.
Aptech signed a deal to offer Microsoft Corp's educational content in its IT vocational training courses on Friday.
The firms, however, did not disclose any financial details related to the pact.
Aptech aims to 150,000 students by 2015 for the Microsoft-content embedded courses and plans to offer the value-added courses at all its 360 centres across India and also overseas, Ninad Karpe, managing director and chief executive told reporters.
The Indian company which has overseas operations in countries such as China, Russia, Vietnam and Nigeria, also said it plans to enter new geographies in Africa and Latin America.
"We are currently present in the English speaking countries of Africa but we are not present in South Africa, where we intend to enter," Kapre said.
"We also plan to enter the French speaking countries of Africa and are looking at expanding in Latin America," he said.
Shares of Aptech provisionally ended 8.98% at 107.35 rupees in a firm Mumbai market.