Business

December 08, 2017

Iteknika Bought By Almamapper In Swap Deal


deal

Eductech firm AlmaMapper Technologies backed by Osawl Techno Ventures, has acquired iTeknika in a cash and share swap deal. This is the second acquisition within a year, after acquiring recruitment solution company VibrantMinds Technologies. The transaction details are not revealed. founded by Dr. Chandrani Singh and Ajit Pandey, two avid researchers, with over 20 years of experience in the education industry, iTeknika is a SaaS based end to end recruitment and assessment management system.

“The acquisition of iTeknika will add new dimensions to the existing set of offerings by AlmaMapper,” said Vikas Shinde, CEO of AlmaMapper Technologies.

This acquisition will have new features and service options in to the AlmaMapper portfolio and will enable it to become a universal solution provider to the education ecosystem through effective technology. It has so far conducted assessment of over 50,000 candidates and over 100 institutions have used iTeknika product along with an inbuilt library of over 10,000 questions including aptitude, technical as well as coding questions.

Recently, iTeknika have instilled artificial intelligence and machine learning for providing improved inferences and intelligent decision-making into their current system. AlmaMapper is optimistic about the product offerings of iTeknika.

Founded in 2014, AlmaMapper provides an integrated utility platform for colleges, companies and candidates. The platform provides solutions to students ranging from discovery of campuses, alumni, notes, courses, events, jobs & internships. The company has also created automated platforms for alumni management and campus placements for colleges along with talent acquisition solutions for corporates.

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