betterU’s corporate training efforts paying off
June 13 2019 - 8:30AM
betterU Education Corp. TSXV-BTRU, (the "Company" or "betterU") is
pleased to announce that on the heels of a recent trip to India in
May 2019, have entered a working relationship with another
corporate client; McDonald’s India. betterU is already engaged in
the development of the first job specific skills program and upon
successful completion and approval by McDonald’s India,
opportunities will grow to support their national employee base.
The scope of proposed work includes online course development,
instructor-led training as well as blended online programs.
After meeting with many prospective corporates
and strategic partners in Mumbai, Bangalore and Delhi, betterU
received a significant level of interest for proposals and next
steps from groups such as Clove Dental, Evry, Unibic Cookies,
Shine.com, Padmini Engineering, Hindustan Times, NSDC and the
Aerospace Sector Skill Counsel. Having recently finalized the
partnership deal with NSDC, which was announced earlier this week,
betterU has also completed five training and development proposals
and has high hopes of closing more corporate partnership agreements
in the upcoming weeks. “From the onset of our shift in focus to
support corporates, it has become clearer that the Indian corporate
market is primed for massive growth in online learning. According
to a report by Google and KMPG, the online education market will
reach $1.9 billion by 2021. With over 700 corporates in our
database, representing only a fraction of the market, we have a lot
of work ahead of us and if this last trip is any indication of the
opportunity, we are going to be busy! It has been exciting to see
the level of interest and we look forward to what will come,” said
Sameer Vatsa, Head of India betterU.
That challenges that most corporates face is
that they are required to source and manage multiple education
providers, content developers, and service providers in order to
address the totality of their training needs. It can become
difficult to manage multiple vendors that, in most cases, also use
different technologies in the management and delivery of their
solutions. With betterU, corporates can gain access to the breadth
and depth of skilling programs across all categories such as
technology, soft skills, leadership, finance, sales and even job
specific programs. betterU can help the Learning and Development
heads of corporations by framing out the right solutions for them
while leveraging the best of the best educators from around the
world to meet their skilling needs. Employers can then focus on
their employees, rather than the challenges faced with sourcing and
managing the learning complexities.
betterU can provide access to the world’s
leading off-the-shelf programs, customized to meet a corporate’s
needs, which also includes custom content development services and
instructor-led delivery options.
About betterU
betterU, a global education to employment
platform, aims to provide access to quality education from around
the world to foster growth and opportunity to those who want to
better their lives. The company plans to bridge the prevailing gap
in the education and job industry and enhance the lives of its
prospective learners by developing an integrated education to
employment ecosystem. betterU’s offerings can be categorized into
several broad functions: to compliment school programs with
flexible preschool, KG-12 programs preparing children for next
stage of education, to provide access to global and localized
educational programs from leading educators, to foster an
exceptional educational environment by providing befitting skills
that lead to a better career, to bridge the gap between one’s
existing education and prospective job requirement by training them
and lastly, to connect the end user to various job opportunities.
betterU today has partnered with over 75 global educators,
representing access to over 53,000 programs. It is developing
technology and ongoing more partners required to support the
growing education needs of the world.
www.betterU.in
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This press release may contain forward-looking
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and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions
of management on the dates they are made and expressly qualified in
their entirety by this notice. Unless otherwise required by
applicable securities laws, betterU disclaims any intention or
obligation to update or revise any forward-looking statements,
whether because of new information, future events or otherwise.
Readers should not place undue reliance on any statements of
forward-looking information that speak only as of the date of this
release. Further information on betterU’s public filings, including
their most recent audited consolidated financial statements, are
available at www.sedar.com.
For further information, please visit
https://ir.betteru.ca/investor-overview/press-releases/
On behalf of the Board of Directors, better Education Corp. Brad
Loiselle, CEO
For further information:
Investor Relations 1-613-695-4100 Ext. 233 Email:
ir@betteru.ca
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