New Delhi: NIIT Learning Systems Ltd (NIIT MTS), a leading corporate training company, has acquired US-based SweetRush Inc, as the company looks to expand its reach to US-based clients. SweetRush Inc offers customized learning experiences enhanced with AI, and operates with a team of over 100 employees across the US and Costa Rica.
With this acquisition, NIIT MTS aims to enhance its Managed Learning Services Platform with SweetRush’s AI-enabled, award-winning design learning solutions, aiming to upskill employees for Fortune 1000 clients. The transaction, worth $26 million, was done through its wholly owned subsidiary NIIT (USA) and includes annual performance-based earnouts for the next five years, subject to certain adjustments in the agreement signed.
“SweetRush has built a trusted position with discerning clients for whom performance outcomes truly matter. This strategic combination adds award-winning strategic learning interventions and talent solutions to NIIT’s Managed Learning Services platform. Together, we will offer clients the best of human-centered learning craft and global operational scale—powered by technology and AI.” Sapnesh Lalla, Chief Executive Officer and Executive Director, NIIT MTS, said in a press release to the NSE.
“SweetRush’s culture and craft have always been rooted in care, innovation, and business transformation. Joining NIIT gives us a larger platform to serve clients globally while staying true to what makes SweetRush distinctive – human-centered learning design and experiences that drive business-critical outcomes.” Danielle Hart, Chief Executive Officer, SweetRush, added.
NIIT has had a presence in the US since 1996, and had grown its presence worldwide through acquisitions and organic growth. It is currently present in 32 countries and has a network of 2,500 trainers. NIIT MTS was listed as a separate company in 2023.
