Small BusinessAptech signs JV with New Life Group to expand retail biz in Philippines
Aptech Limited, a global retail & corporate training solutions major, has signed a Joint Venture contract with New Life Group Inc; a Filipino Company to expand its presence in the country.
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The Joint Venture will be shared in the ratio of 60:40 in favor of New life Group Inc and Aptech, respectively.
The JV will also serve to expand the scope of the retail and training brands of Aptech, namely Aptech Computer Education, Arena Multimedia, Avalon Academy, English Express and N-Power across Cambodia, Philippines and Laos. The Philippine IT market is expected to be a regional outperformer over the next few years, with the Information Technology report Q4 2009 projecting a spending increasing from a projected $2.4bn this year to around $3.6bn in 2013.
At the signing of the JV in Philippines, Ninad Karpe, CEO & MD, Aptech Limited, said, “With the JV, we can look to carry the Aptech brand and its expertise in Philippines and addressing the Retail Market with ACCP and other related ICT courses. The demand for IT education in Philippines is evolving rapidly and value-added services such as technical support and product troubleshooting along with basic IT and hardware consulting are on the rise. Our programs will aim to deliver the best benefit to students in terms of enhanced employability options upon their completion.”
Speaking on the occasion, Ram Sitaldas renowned entrepreneur & CMD, New Life Group mentioned, “Through this alliance, we are bringing the core values of Aptech – as a global learning solutions provider and New Life Group together. The knowledge of the local market across Philippines that New Life Group brings is unmatched and we aim to marry both of it to create a sustainable, scalable model in our country.”
Abouth Aptech Limited
Aptech is an ISO 9001:2000 organization and was the first IT training and education organization in Asia to receive the ISO 9001 quality certification for Education Support Services in 1993. Aptech Limited, which features amongst TrainingOutsourcing.com’s Top 20 Global Training Outsourcing Service Provider (OSP) Companies, has trained over 5 million students – globally, who are presently pursuing high flying careers in the field of Information Technology.