The story
Tata Interactive Systems was founded in 1990 as part of the Tata Group, with Sanjaya Sharma serving as its founder and CEO. In 2013, it had acquired Tertia Edusoft AG (Switzerland) and Tertia Edusoft GmbH (Germany) from the Tertia Group.
In January 2013, Tata Interactive Systems launched ClassEdge, a learning platform for the Indian school education sector, with an initial investment of ₹100 crores from Tata Industries.
In April 2018, MPS Limited acquired Tata Interactive Systems (TIS) India along with its Swiss and German subsidiaries, Tata Interactive Systems AG and Tata Interactive Systems GmbH, for ₹80 crore ($12.3 million).
From Wikipedia’s article on Tata Interactive Systems, shared under CC BY-SA 4.0.4