Released on = February 17, 2006, 3:12 am

Press Release Author = PRHUB

Industry = Education

Press Release Summary = To leverage leadership in the Indian eLearning space to go
global
Receives strategic investment from group of investors Inducts international
marketing guru to the board


Press Release Body = Bangalore,India,February 17, 2006: 24x7 Learning, the largest
provider of consulting and implementation solutions in the Indian eLearning space
today made a slew of announcements including the closure of a round of strategic
investment by KITVEN and two individual investors, heralding the company's next
level of growth. The company plans to leverage its Indian market leadership to go
global entering markets overseas in a phased manner. In India, the company plans to
expand the reach of its solutions, open more offices and increase its sales force
manifold to exploit the potential offered by the Indian eLearning market which is
growing at over 100% annually. Arun Sinha, one of the investors and a recognised
international marketing guru would come onboard as a Director. Anil Garg who has
been an active member of the board of 24x7 Learning from its inception has
reaffirmed his confidence by participating again in this round of investment.
Recognizing an inflexion point in the eLearning space, Karthik K S, Co-founder &
Managing Director , 24x7 Learning said, "The infusion of investment and
strengthening management through induction of a senior industry veteran is
indicative of the maturity of the Indian eLearning market. With LearnTrak, our
flagship product already implemented across the cream of corporate India, it is only
logical that we leverage the same by eyeing a piece of the US$23 billion global
eLearning pie." Welcoming the professionals and the investor on board, Anil
Chhikara, Co-founder & CEO, 24x7 Learning said," Both Arun Sinha and Anil Garg bring
a spectrum of expertise and exposure which is critical to our execution as we
accelerate and strive to build on our leadership in the market. KITVEN's investment
further reinforces the growth story that 24x7 Learning is and we look forward to
working together in the days ahead to meet and exceed the market demand for quality
eLearning solutions." Explaining the rationale behind the investment, R B Shetty,
Managing Director, KITVEN said," We found the model of the company to be pretty
robust and their technology orientation is sure to provide ample fuel for
exponential growth in the long run. That the company has attained the leadership
status through the product route was a key factor in making the investment
decision." Offering his comments, Anil Garg, Member, Board of
Directors, 24x7 Learning, said," Building a 100% reference-able customer-base in a
nascent market like India attests to the robustness and reliability of the
technology and solution offered by 24x7 Learning. Having interacted closely with the
company, I admire its tenacity and am proud to be associated with it. Arun Sinha's
joining the Board will act as a catalyst to this growth. His experience in building
and marketing global brands will help 24x7 Learning be a global company. "Arun Sinha
was named "Marketer of the Year" in the USA in 2004 and has successfully launched
over 20 new brands at Philip Morris, Colgate Palmolive, Ford Motor Company as well
as Pitney Bowes. A member of the Pitney Bowes Chairman's Council, Arun served as the
President of Services and Solutions for Pitney Bowes Management Services. In that
capacity, Arun established product, services and solutions group and instituted a
vertical market focus. He also established a six-sigma practice for Pitney Bowes
customers. He also serves on the Board of Directors for the Direct Marketing
Association and the CMO Council. Anil Garg, an alumnus of IT BHU, with professional
experience of over 25 years, in technology service industry has worked with
companies like TCS, Wipro Technologies & AT&T Wireless. Anil Garg co-founded
AristaSoft and raised $100 million from investors like Merrill Lynch, Morgan
Stanley,etc.
Headquartered out of Bangalore, 24x7 Learning was founded by Karthik
K S & Anil Chhikara who shared a common passion for empowering knowledge workers and
were convinced of a business opportunity in it. This passion took off as an
enterprise with initial seed investment from Anil Garg. The company has offices in
Mumbai, Chennai, Hyderabad, and Delhi in India and an office in the US. The core
team of the company has over 50 years of industry experience in implementing
enterprise solutions and has been behind some of the most successful eLearning
implementations in India. 24x7 Learning's business solutions have since delivered
bottom-line benefits to companies including Wipro (NYSE: WIT), Aditya Birla Group,
Bharti Televentures (Airtel), Accenture, Ashok Leyland, Murugappa Group, Patni,
Network Solutions (an IBM company), Convergys, JP Morgan and Xansa among others.
More information on the company and its value proposition can be had from
http://www.24x7learning.com.

Web Site = http://www.24x7learning.com

Contact Details = For editorial queries only contact: D Prakruthi Nidhi of PRHUB @
91 080 22998141/ 3