CORE Education & Technologies Limited was an Indian global education company.
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, 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. 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 CORE acquires ECS
2006 CORE achieves a $6.6 million multi-year state contract in Special Education from North Carolina
2007 CORE establishes its presence in the UK with the acquisition of Hamlet, Symbia and a division of Azzuri CORE acquires KC Management Group
2008 CORE achieved a consolidated annual revenues in excess of US$100 million
2009 CORE acquires, The Princeton Review's K-12 Services division CORE collaborates with the Oxford University for Teacher Training and Capacity Building
2010 CORE established the CORE Learning Panorama, focusing on K-12 school segment
2011 CORE acquires ITN Mark Education Ltd through its subsidiary Core Education & Consulting Solutions UK Ltd
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.
List of acquisitions
The table below gives some details of CORE's key acquisitions:
Year CompanyBusiness SegmentCountry 2005 Enterprise Computing Services Inc. Technology for Education, Healthcare & BFSI ProductsUnited States 2006Software Technical Services Consulting & Project Management United States 2006 Aarman ERP & SAP Implementation United States 2007 Emacs Technologies ERP & ITeS Consulting United States 2007 Azzurri[pdf missing ] Learning Management Systems United Kingdom 2007 KC Management Group IT products for Education Sector United States 2007 Symbia Ltd Consulting and Training United Kingdom 2007 Hamlet Computer Group Assessment System United Kingdom 2008 K12 Division of Princeton Review Inc. Assessment & Intervention products for K12 segment United States 2010 Keenan & Keenan Group Education Staffing Solutions United States 2010 Technical Systems Integrators Advance Technologies products for K12 segment United States 2011 ITN Mark Teaching assistance & Training United Kingdom 2011 Xpedite Technologies Inc Consulting and Training United States
Key alliances
Center for Higher Learning – NASA Indira Gandhi National Open University University of Oxford, UK Microsoft Gold Partner Gujarat Knowledge Society & DVET Nationteacher.org
References