Education technology services provider Mindlogicx has bagged Rs 72 crore education enterprise resource planning (ERP) deal from Saurashtra University for examination automation services. The Bangalore-headquartered company will use its patent pending examination automation suite, IntelliEXAMS to execute this six-year contract.
The deal requires the company setting up a state-of-the-art facility at the Saurashtra University for providing secured question paper delivery to avoid question paper leakage. This will enable the university to do digital valuation of hand written answer scripts to avoid scams during evaluation. Besides, Mindlogicx’ patent pending product, IntelliCAS will help avoiding of faking of mark sheets and degree certificates.
Through this deal, the University is also seeking to eliminate impersonation of candidates, manage examination schedules better and put in place an efficient result processing methodology with moderation facility.
“Given the challenges seen in recent times in terms of question paper leakages, we believe that our differentiator as the only Indian company specialized in examination automation system and our first-mover advantage with our unique technology suite, IntelliEXAMS helped us bagging this deal,” said Suresh Elangovan, Founder CEO, Mindlogicx.
About 320 colleges are affiliated to Saurashtra University with over 275,000 students.
Mindlogicx is a R&D-focused software product development company in the education space. It offers end-to-end solutions for higher education segment including virtual university framework, examination management system and hybrid finishing school.
In July this year, the company had implemented the entire examination management system at Visvesvarya Technological University in Belgaum, Karnataka. The University manages about 200 colleges spread of Karnataka which have a combined enrollment of 240,000 students. It also operates one college is Mauritius.
Merger with SQL Star
Mindlogicx is in the process of merger with Hyderabad based BSE-listed IT Training firm SQL Star International, has an employee base of 400 people. After the merger with SQL Star, the combined entity will have a base of 800 employees.
As part of the merger process, SQL Star will undergo a restructuring of capital. As per the swap ratio proposed for the merger, the shareholders of Mindlogicx will get 1.25 equity shares of SQL Star for each share held in Mindlogicx
