Core Education & Technologies

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Core Education & Technologies Limited
Traded asBSE: 512199
NSE: COREEDUTEC
IndustryEducation
Founded2003
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
Websitewww.core-edutech.com (Unavailable since company is no longer in existence)

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

Overview[edit]

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[edit]

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[8]
2008
  • CORE achieved a consolidated annual revenues in excess of US$100 million[9]
2009
  • CORE acquires, The Princeton Review's K-12 Services division[10]
  • CORE collaborates with the Oxford University for Teacher Training and Capacity Building[11]
2010
2011
  • CORE acquires ITN Mark Education Ltd through its subsidiary Core Education & Consulting Solutions UK Ltd[12]
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.[13]

List of acquisitions[edit]

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[14] Consulting & Project Management United States
2006 Aarman[15] ERP & SAP Implementation United States
2007 Emacs Technologies[15] ERP & ITeS Consulting United States
2007 Azzurri[16] Learning Management Systems United Kingdom
2007 KC Management Group[17] IT products for Education Sector United States
2007 Symbia Ltd[18] Consulting and Training United Kingdom
2007 Hamlet Computer Group[19] Assessment System United Kingdom
2008 K12 Division of Princeton Review Inc.[10] Assessment & Intervention products for K12 segment United States
2010 Keenan & Keenan Group[20] Education Staffing Solutions United States
2010 Technical Systems Integrators[21] Advance Technologies products for K12 segment United States
2011 ITN Mark[22] Teaching assistance & Training United Kingdom
2011 Xpedite Technologies Inc Consulting and Training United States

Key alliances[edit]

  • Center for Higher Learning – NASA[23]
  • Indira Gandhi National Open University[23]
  • University of Oxford, UK[23]
  • Microsoft Gold Partner[24]
  • Gujarat Knowledge Society & DVET[25]
  • Nationteacher.org[25]

Notes[edit]

  1. ↑ khalid. "Core Projects bags order from LA Unified School". Bell The Bull. Archived from the original on 2011-08-12. Retrieved 2012-07-26.
  2. ↑ https://web.archive.org/web/20101123091429/http://www.businessworld.in/bw/2010_11_19_Teach_The_World.html. Archived from the original on November 23, 2010. Retrieved July 29, 2012. {{cite web}}: Missing or empty |title= (help)
  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 2012-04-25. Retrieved 2012-07-26.
  4. ↑ 4.0 4.1 "Core Projects" (PDF). business-standard. 2010-04-02. Retrieved 2012-07-27.
  5. ↑ 5.0 5.1 "Company: Core Projects & Technologies Ltd.(P) – Core Projects & Technologies Ltd". Companydatabase.org. Archived from the original on 2012-04-03. Retrieved 2012-07-26.
  6. ↑ "Core Projects bags Jharkhand Government contract". Moneycontrol.com. Retrieved 2012-07-26.
  7. ↑ "InfoTryst – India IT Companies, Information, Services, Outsourcing, BPO, BackOffice, ITES « IT & ITeS". Tripsguru.com. Archived from the original on 2012-04-22. Retrieved 2012-07-26.
  8. ↑ United States. "KC MANAGEMENT HIAWATHA company profile, news, and business information | HighBeam Business: Arrive Prepared". Business.highbeam.com. Retrieved 2012-07-26.[dead link]
  9. ↑ "CORE Education & Technologies Directors Report | CORE Education & Technologies Ltd Directors Report". Economictimes.indiatimes.com. Retrieved 2012-07-26.
  10. ↑ 10.0 10.1 "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 2011-05-24. Retrieved 2012-07-26.
  11. ↑ "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 2012-07-29. Retrieved 2012-07-27.
  12. ↑ "Core Projects Acquires UK's ITN Mark Education For $25M". VCCircle. 2011-05-24. Retrieved 2012-07-26.
  13. ↑ Raghunathan, Anu (26 July 2017). "After Reaching Stratospheric Highs, Indian Education Companies Now Face Crushing Lows". Forbes. Retrieved 2019-08-16.
  14. ↑ "CPT acquires Software Technical Services Inc". Moneycontrol.com. Retrieved 2012-07-26.
  15. ↑ 15.0 15.1 "Company: Core Projects & Technologies Ltd. – Core Projects & Technologies Ltd". Companydatabase.org. Archived from the original on 2012-04-03. Retrieved 2012-07-26.
  16. ↑ [pdf missing ]
  17. ↑ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 2011-05-24. Retrieved 2012-07-26.
  18. ↑ Business Standard (2008-05-22). "Core Projects & Technologies PAT jump 153%". Business-standard.com. Retrieved 2012-07-26. {{cite web}}: |author= has generic name (help)
  19. ↑ "Hamlet Computer Group Limited – Company Profile by Insideview". Insideview.com. Archived from the original on 2012-09-09. Retrieved 2012-07-26.
  20. ↑ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 2011-05-24. Retrieved 2012-07-26.
  21. ↑ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 2011-05-24. Retrieved 2012-07-26.
  22. ↑ "Core Education & Technologies Limited – Company Snapshot". Alacrastore.com. 2011-05-24. Retrieved 2012-07-26.
  23. ↑ 23.0 23.1 23.2 Parul Bhatnagar, ET Bureau Oct 1, 2010, 03.50am IST (2010-10-01). "Core to gain from demand in education space – Economic Times". Economictimes.indiatimes.com. Retrieved 2012-07-26.{{cite web}}: CS1 maint: multiple names: authors list (link)
  24. ↑ "Core Projects" (PDF). Smartinvestor. 2010-10-24. Retrieved 2012-07-27.
  25. ↑ 25.0 25.1 https://web.archive.org/web/20120308220437/http://core-edutech.com/profile.html. Archived from the original on March 8, 2012. Retrieved July 29, 2012. {{cite web}}: Missing or empty |title= (help)

References[edit]

External links[edit]

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