Nexgen Edu buys training company ICFe

New Delhi: Education service provider Nexgen Edusolutions has acquired Institute of Computer & Finance Executives (ICFe), an ISO 9001:2000 certified company, which trains executives in the field of accounting, banking, insurance and financial services sector in an all cash deal.

Nexgen Edusolutions said it will be investing Rs 25 crore in the next one year to expand the ICFe network. So far, the company has made an investment to the tune of Rs 15 crore,

Mr Santosh Mangal, Managing Director, Nexgen Edusolutions said.

Observing that the finance industry is witnessing a 40 per cent growth, he said the demand for trained financial professionals is very high. “While the numbers of CAs and MBAs have been growing, there is a huge gap in semi skilled manpower in the critical areas like finance, banking and insurance,” he said. Nexgen Edusolutions also announced the appointments of strategic consultants for ICFe.

These include Indian Institute of Management, Lucknow for course content and design, National Institute of Financial Management (NIFM), Faridabad for Faculty training, HCL Infosystems as technology partner and Liqvid in association with BBC Active for English Edge.