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Mumbai Headquartered global Professional educational company, Imarticus Learning has acquired StratOnboard, a game-based learning platform.
The acquisition has been executed via a combination of cash and equity for an undisclosed amount.
Through the acquisition, Imarticus Learning will bring in unique differentiators in the form of epistemic games – the future of learning.
As its second acquisition, StratOnboard is a strategic fit to Imarticus Learning’s overall ecosystem and aligns with its multiple business segments, including Enterprise, Academic, Retail, and Consumer.
The Stratonboard products simulate business environments, build social and peer learning, build completive elements, and capture realistic business constraints to help learners discover, experiment, and explore business decisions. Their solutions are carefully crafted, validated by research, and outcome-driven. Their existing products range from onboarding solutions, micro simulations, game-based learning and strong AI-driven assessments to gauge learners proficiencies and skills set
“Imarticus Learning will acquire the IP and patents to StratOnboard’s existing products and build on newer products and solutions for the industry at large,” the statement said.
Given the platform’s larger distribution network in enterprise business, the StratOnboard acquisition is a great value addition to its existing portfolio from corporate training, talent solutions, e-learning content solutions, to game-based learning.
Their proprietary games, leverage cutting-edge technology such as AI, branching conversational algorithms, authoring engine that can build learning ecosystems to train on the process, functional, technical, and behavioral with game mechanics as a foundation, which is truly futuristic learning.
The product offerings fall in line with Imarticus Learning’s international expansion plans that include the Middle East and North Africa, Singapore, Philippines, Malaysia, the Americas, and Sri Lanka. With the concept of the Metaverse gaining rapid traction, the 3D game element could potentially enable Imarticus to pivot into Metaverse learning.
“The strategic deal will add significant value to Imarticus Learning’s existing clientele, academic partners and will be a game-changer for future learning. The deal will further augment Imarticus Learning’s existing offerings, allowing the platform to offer a wide variety of learning solutions, enabling evidence-based learnings and a world-class experience under a single umbrella,” the statement added.
Speaking on the acquisition, Nikhilesh Barshikar, Founder and CEO of Imarticus Learning, said, “We are pleased to onboard the StratOnboard team. Imarticus Learning has always been committed to offering learners a holistic, engaging, and best-in-class learning experience. StratOnboard’s unique solutions will allow them to experience the future of learning through applied learning games. Besides, learners will also be able to experience real business challenges and learn to make decisions in the real world. StratOnboard will bolster our offerings and allow learners to hone their decision-making, problem-solving, and analytical skill sets, amongst others. This is a valuable move in our journey, and we look forward to working closely with the StratOnboard team to build a new pedagogical approach to learning.”
“We are thrilled to be associated with Imarticus Learning, a platform that has a proven record of offering one the world’s finest learning experiences through its all-encompassing, meticulously designed curriculum and experienced faculty. StratOnboard has developed a one-of-a-kind solution that provides learners with technology-enabled stimulatory solutions and evidence-based assessment frameworks that construct skill profiles through analytics. When talks of the acquisition came up, we knew that this was the most logical choice – being a part of a futuristic organization to work towards a greater mission,” Sandeep Rambhatla, Founder of StratOnboard added.