The entities acquired include Liberate Learning Pty Ltd (Australia), Liberate eLearning Pty Ltd (Australia), App-eLearn Pty Ltd (Australia), and Liberate Learning Limited (New Zealand).

The remaining 35% shareholding of each of the entities of the Liberate Group will be acquired by MPSi in subsequent tranches based upon valuation methodology as agreed under the transaction documents.

Liberate Group provides digital, blended learning, and training solutions to its long-term clients and steadily expanding customer base. Liberate helps its customers in creating bleeding-edge blended and digital learning solutions, providing consulting services, and assisting customers in the creation and deployment of eLearning solutions. Liberate has a loyal customer base, primarily including blue chip corporates, state and Commonwealth government departments and most of the large educational institutions in Australia.

Rahul Arora, Chairman and CEO of MPS, stated: "eLearning has been our fastest-growing business, and the acquisition of Liberate Group furthers our momentum.

We stay committed to our recently modified acquisition playbook that focuses on growing businesses that add tremendous value and synergies to MPS. The APAC market has historically been untapped for MPS, and the recent acquisition events are changing that for us, which is also in sync with general market trends."

MPS is a premium B2B learning and platform solutions company that powers the education, research, and corporate markets in their quest to engage with their learners more meaningfully.

The company had reported 46.80% rise in consolidated net profit to Rs 30.30 crore on a 15.38% increase in sales to Rs 132.51 crore in Q1 FY24 over Q1 FY23.