Newgen KnowledgeWorks has acquired a majority stake in Exult Infosolutions. Pune-based Exult assists global businesses including Fortune 1000 companies through learning solutions, mobility and cloud-based software applications. It offers services such as project management, solution design, content development, storyboarding, software development and media design.
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Newgen, which is backed by the Carlyle Group, offers publishing and technical services to global publishers from headquarters in Chennai. It has 1,100 staff across editorial, production and training offices in two Indian cities and project management staff and managed editorial freelancers in the United States and United Kingdom. Its publishing services extend from content creation and commissioning support through developmental editing, project management, copyediting and typesetting to manufacturing management and backlist conversion.
The acquisition of Exult will give Newgen an inroad in the online business learning sector.
Universal Legal advised Newgen on the deal. The team was led by Chennai-based partner Sameena Chatrapathy along with associates Shreya Deora and Ashtawadh Balan.
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