Edusys, Test preparation and Certification company has raised $7.5M from Sequoia Capital. Edusys started in 2004 by Tridibesh Tripathy, an IIT-IIM and Wharton School graduate saw a massive opportunity in test preparation and certification space. Global market size of test preparation and certification is pegged to be be around $50B.
Edusys intends to use the funds to expand its business through new product introductions and to strengthen its core team and technology platform, it plans to double its workforce in a year.
Edusys has developed learning platform which is highly scalable and imparts virtual learning with great ease. The courses are designed to provide maximum flexibility to students with innovative training styles and easy accessibility
PMStudy is Edusys poster boy portal and is quite popular among the mid level managers across various sector. Edusys also caters to Six Sigma, ITIL, Prince2 learning and certification.
Lets look at the monthly traction of PMStudy:
Avg time on site
Another company which is directly competing with Edusys is Simplilearn which also target global audience through its learning management platform.
Test certification space is really heating up and VCs are readily backing the interesting companies in this space.