EdServ Softsystems picks 100% stake in 2tion.com

EdServ Softsystems picks 100% stake in 2tion.comChennai based EdServ Softsystems has picked 100% stake in 2tion.com, an online tuition portal.

Under the arrangement, Edserv will acquire the entire portal business of 2tion.com along with several 100 tutors/teachers and will now have direct access to the large 50,000 plus student base of 2tion.com.

Chennai headquartered 2tion.com is an online education portal for school and college tuition services. The website provides online teaching services both in a 'one-to-one' format as well as 'one-to-many students' format.

The stock of the company today settled on BSE with gain of Rs 4 or 3 per cent at Rs 131.