Skill-Lync, an education technology business with an emphasis on engineering, recently acquired Crio, an immersive learning platform for IT jobs, for a price that was not disclosed.
The acquisition is expected to have better its higher education offerings at a time when competition in the sector is increasing due to a decline in online learning. With this acquisition, according to Skill-Lync, Crio will function as a separate brand inside the Skill-Lync Group, as per reported by VCCircle.
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“Both Crio and Skill-Lync, were started because we wanted to solve a fundamental issue in higher education, i.e. making the engineers industry relevant. Crio focussed on Computer Sciences and Skill-Lync focussed on Mechanical, Electrical, Electronics and Civil Engineering. Today, as both companies come together, we believe that we have a unique opportunity to build one of the best higher education platforms where we can provide value at scale,” said SuryaNarayanan PaneerSelvam, co-founder, Skill-Lync.
Skill-Lync was established in 2018 by Sarangarajan V Iyengar and SuryaNarayanan PaneerSelvam, its primary mission is to offer engineering students and graduates from all subfields of the field industry-relevant and job-leading educational opportunities.
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The firm said that it currently provides industry-relevant and job-leading courses to over 30,000 students from all throughout India.
Ex-Google and Flipkart employees established Crio.Do, which provides professional and academic audiences with programmes for experiential learning. Binny Bansal and other former Flipkart employees are backing the startup.
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Both Crio and Skill-Lync were started to solve a fundamental issue in higher education, i.e. making engineers industry-relevant. Crio focused on Computer Science while Skill-Lync focused on Mechanical, Electrical, Electronics and Civil Engineering. The underlying approach of project-based learning approach and #LearnByDoing is a common thread connecting them.
