In a significant training initiative through e-learning, Chennai based Education and Placement Services company EdServ has announced that it has struck a Global e-Training Partnership with Ottawa, Canada headquartered COREL Corporation, a global leader in graphics and productivity software with over 100 million active users in 75 countries, where by the company has become an Authorized Online Training Partner of Corel with rights to train and certify students on the Corel Technology, Graphics Design, and Desktop Publishing.
EdServ is the first and only Authorised Online Training Partner of Corel in India. The company is targeting to train around 200,000 students worldwide in the next 18 months targeting Institutions, Corporate, and Students / Job seekers. EdServ shall make exclusive e-content for various tools of COREL, which shall be branded as the authorized e-content, for becoming a certified professional by COREL worldwide.
EdServ plans to strengthen lampsglow.com offering further with this authentic certified multimedia e-content. EdServ currently provides e-learning, online tutoring, and exam support for school and college students, School in-campus education support, and Employable Skills Training for the downtrodden. EdServ is present in over 100 schools and has trained over 80,000 students in various courses and tutoring, providing academic support.
Commenting on the partnership with Corel Corporation, S. Giridharan, Chairman and CEO, EdServ said, COREL appointing us as the first and only Indian Online Training Partner is a significant milestone in EdServs growth journey and endorses our strong capability and expertise in the online training space. We believe that the partnership with a global leader such as Corel will catapult us into the top league in the eTraining market place in India and expect this partnership to provide a global reach, as well, so as to overall generate revenues of Rs. 60crores over the next 18 months.
With EdServ aggressively targeting the School Segment this year as part of its Vidhyadhana Academy, the company will be able to offer Corels reputed curriculum and the certification programme to its expanding school network. Under this partnership, students of EdServ will be eligible to appear for an online test and receive direct Corel Certification. EdServ shall also venture global marketing with COREL certification and address Corporate and Institution needs to generate qualified COREL designers and Multimedia specialists. EdServ will also acquire original software licenses of Corel Corporation through this partnership.
EdServ, which also offers skill matched direct job fitments using its online jobs engine EdCampus as part of lampsglow.com, will make the students more suitable for job placement through this training and certification programme.
EdServ ended Q1FY11 with revenues of Rs.21.48crore and Net Profit of Rs.6.89cr.
COREL is a leading developer of graphics, productivity and digital media software with more than 100 million users worldwide.Corel's products are sold in more than 75 countries through a well-established network of international resellers, retailers, original equipment manufacturers, online providers and Corel's global websites. The Company's headquarters are located in Ottawa, Canada with major offices in the United States, United Kingdom, Germany, China, Taiwan and Japan. Corel's stock is traded on the NASDAQ under the symbol CREL and on the TSX under the symbol CRE.
Corel continues to lead the market with its award-winning graphics and productivity software and is also at the forefront of the digital media revolution, delivering the industry's broadest and most innovative portfolio of photo, video and DVD software.