Veranda Learning Solutions to acquire TIME for $37m.

Veranda Learning Solutions, an ed-tech company, agreed to acquire TIME, a test-prep institute, for $37m. “Veranda as a brand delivers high-quality education that drives outcomes at an affordable price to learners including tier II/III towns. The acquisition of TIME allows Veranda to expand its national footprint with an asset that has known to have sent around 50% of all students admitted into the IIMs. TIME which was one of the pioneers of online testing methodology in India also gets to leverage Veranda’s core-engineering skills to make it the best in hybrid offering which will now include best-in-class products for each of its programmes," Kalpathi Suresh, Veranda Chairman.