Finally the giant e-learning division was sold off to its competitor. Thomson's prestigious e-learning division Thomson NETg was bought by SkillSoft plc, its e-learning rival, for a whooping $285 million. And as this huge money changes hands the fate of about 300 employees lurks in the dark.
While selling off Thomson NETg Richard Harrington, the Chief Executive Officer said that though Thomson Learning is an excellent business it "does not fit with our long-term strategic vision."
So while the deal closes by the first half of 2007, a more pressing concern confronts Indian companies, particularly the ones that were dependent on NETg for a good chunk of their business. What of the employees that were recruited by these Indian vendors who have spent a major part of their lives only working for developing only NETg courses?
With Skillsoft at the helm now, getting NETg projects for Indians companies will remain a challenge for the days to come. Its likely that Skillsoft will analyze Indian vendors now on more stringent parameters.
Unpredictability undoubtedly is the king in e-learning.