Core Education & Technologies

Core Education & Technologies Limited
Company typePublic company
IndustryEducation
Founded2003
Defunct16 July 2016 (2016-07-16)
HeadquartersMumbai, Maharashtra, India
Area served
UK, US, India & Africa, and Caribbean Countries
ServicesK12, Higher Education, Vocational Training, Providing Brick & Mortar and Service model worldwide
RevenueIncrease Rs. 1091 crore (2011)
Number of employees
3,125

CORE Education & Technologies Limited was an Indian global education company.[1]

Overview

The company was founded in 2003 and had its business operations in 3 continents. Their international headquarters were located at Atlanta and London. CORE had diversified into an integrated education company and provided solutions to 7 states in India, 3 Caribbean nations, 20 states in the US,[2] 40 Institutions in UK and 8 African countries. They had at one point approximately 3,125 employees worldwide.

CORE was listed on the BSE (SCRIP CODE 512199)& NSE (CoreEDUTECH) and had been rated as 'The Fastest Growing IT Company' in the State of Maharashtra, India.[3] CORE was a CMMi Level 5 and ISO 9001:2008 certified Company.

CORE milestones

2005
  • CORE enters US Market with the acquisition of first US product company[4]
  • CORE acquires ECS[5]
2006
  • CORE achieves a $6.6 million multi-year state contract in Special Education from North Carolina[6]
2007
  • CORE establishes its presence in the UK with the acquisition of Hamlet, Symbia and a division of Azzuri[7]
  • CORE acquires KC Management Group
2008
  • CORE achieved a consolidated annual revenues in excess of US$100 million[8]
2009
  • CORE acquires, The Princeton Review's K-12 Services division[9]
  • CORE collaborates with the Oxford University for Teacher Training and Capacity Building[10]
2010
2011
  • CORE acquires ITN Mark Education Ltd through its subsidiary Core Education & Consulting Solutions UK Ltd[11]
2016

Forbes reports that CORE "tanked due to [an] unsustainable business model[s] and mounting debt[s]" and that its stock was suspended from trading.[12]

List of acquisitions

The table below gives some details of CORE's key acquisitions:

Year Company Business Segment Country
2005 Enterprise Computing Services Inc.[5] Technology for Education, Healthcare & BFSI Products United States
2006 Software Technical Services[13] Consulting & Project Management United States
2006 Aarman[14] ERP & SAP Implementation United States
2007 Emacs Technologies[14] ERP & ITeS Consulting United States
2007 Azzurri[15] Learning Management Systems United Kingdom
2007 KC Management Group[16] IT products for Education Sector United States
2007 Symbia Ltd[17] Consulting and Training United Kingdom
2007 Hamlet Computer Group[18] Assessment System United Kingdom
2008 K12 Division of Princeton Review Inc.[9] Assessment & Intervention products for K12 segment United States
2010 Keenan & Keenan Group[19] Education Staffing Solutions United States
2010 Technical Systems Integrators[20] Advance Technologies products for K12 segment United States
2011 ITN Mark[21] Teaching assistance & Training United Kingdom
2011 Xpedite Technologies Inc Consulting and Training United States

Key alliances

  • Center for Higher Learning – NASA[22]
  • Indira Gandhi National Open University[22]
  • University of Oxford, UK[22]
  • Microsoft Gold Partner[23]
  • Gujarat Knowledge Society & DVET[24]
  • Nationteacher.org[24]

References

  1. ^ khalid. "Core Projects bags order from LA Unified School". Bell The Bull. Archived from the original on 12 August 2011. Retrieved 26 July 2012.
  2. ^ "Teach the World". Archived from the original on 23 November 2010. Retrieved 29 July 2012.
  3. ^ "7×7 Business – Core Projects & Technologies Celebrates the Opening of its New Office at the NASA John C. Stennis Space Center". 7x7business.com. Archived from the original on 25 April 2012. Retrieved 26 July 2012.
  4. ^ a b "Core Projects" (PDF). Business Standard. 2 April 2010. Retrieved 27 July 2012.
  5. ^ a b "Company: Core Projects & Technologies Ltd.(P) – Core Projects & Technologies Ltd". Companydatabase.org. Archived from the original on 3 April 2012. Retrieved 26 July 2012.
  6. ^ "Core Projects bags Jharkhand Government contract". Moneycontrol.com. Retrieved 26 July 2012.
  7. ^ "InfoTryst – India IT Companies, Information, Services, Outsourcing, BPO, BackOffice, ITES « IT & ITeS". Tripsguru.com. Archived from the original on 22 April 2012. Retrieved 26 July 2012.
  8. ^ "CORE Education & Technologies Directors Report | CORE Education & Technologies Ltd Directors Report". The Economic Times. Retrieved 26 July 2012.
  9. ^ a b "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 24 May 2011. Retrieved 26 July 2012.
  10. ^ "Core Projects Announces the First Organized Foray in the Billion Dollar Teacher Capacity Building Market in India with a Path-Breaking Collaboration with University of Oxford". Ciol.com. Archived from the original on 29 July 2012. Retrieved 27 July 2012.
  11. ^ "Core Projects Acquires UK's ITN Mark Education For $25M". VCCircle. 24 May 2011. Retrieved 26 July 2012.
  12. ^ Raghunathan, Anu (26 July 2017). "After Reaching Stratospheric Highs, Indian Education Companies Now Face Crushing Lows". Forbes. Retrieved 16 August 2019.
  13. ^ "CPT acquires Software Technical Services Inc". Moneycontrol.com. Retrieved 26 July 2012.
  14. ^ a b "Company: Core Projects & Technologies Ltd. – Core Projects & Technologies Ltd". Companydatabase.org. Archived from the original on 3 April 2012. Retrieved 26 July 2012.
  15. ^ [pdf missing ]
  16. ^ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 24 May 2011. Retrieved 26 July 2012.
  17. ^ "Core Projects & Technologies PAT jump 153%". Business Standard. 22 May 2008. Retrieved 26 July 2012.
  18. ^ "Hamlet Computer Group Limited – Company Profile by Insideview". Insideview.com. Archived from the original on 9 September 2012. Retrieved 26 July 2012.
  19. ^ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 24 May 2011. Retrieved 26 July 2012.
  20. ^ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 24 May 2011. Retrieved 26 July 2012.
  21. ^ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 24 May 2011. Retrieved 26 July 2012.
  22. ^ a b c Parul Bhatnagar (1 October 2010). "Core to gain from demand in education space". The Economic Times. Retrieved 26 July 2012.
  23. ^ "Core Projects" (PDF). Smartinvestor. 24 October 2010. Retrieved 27 July 2012.
  24. ^ a b "One Stop Solutions for All Technology Needs". Archived from the original on 8 March 2012. Retrieved 29 July 2012.