Pearson has acquired an additional 20 per cent stake in TutorVista.

The world’s leading learning company, which has an 80 per cent stake in TutorVista, will have complete ownership of the Bangalore-based learning services provider with the acquisition of additional 20 per cent.

Also, Krishnan Ganesh and Meena Ganesh, who leads TutorVista’s domestic operations, will give up all management roles in the company they jointly founded, according to a statement from Pearson.

Pearson has named Srikanth Iyer, a senior member of the existing management, as the new CEO of TutorVista.

In 2009, Pearson had acquired a minority stake in TutorVista, and increased its holding in 2011 to a controlling position of 80 per cent.

TutorVista was founded in 2005 by Krishnan Ganesh, an entrepreneur, and has 1,300 employees across online tutoring, school management, information communication and technology, test preparation and tuition areas.

Pearson’s complete takeover of TutorVista forms part of a wider strategy of building education services businesses in the fast-growing emerging markets.

At the heart of this strategy is applying its market-leading learning services to make education more accessible and effective.

Srikanth Iyer said: “Through Pearson’s systems and processes, we are now a step closer towards establishing ourselves as the leading technology-enabled education services company in India, offering global standards of learning to Indian students, at affordable prices.”

TutorVista has a delivery network for growing education services such as school management, online tutoring, and technology-based classroom solution for schools and test prep market.

Through PES (formerly Edurite), it has a customer base in major cities as well as tier II towns.

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