Tinh Van Group and IDGVV Invest in Violet.vn
2013-03-13 11:26:08
On March 13, 2013, in Hanoi, Tinh Van Technology Joint Stock Company (Tinhvan Group) and IDG Ventures Vietnam (IDGVV) signed an investment contract to invest in Bach Kim Education Network Joint Stock Company – the owner of Vietnam's largest educational social network – Violet.vn.
Under the agreement, Tinh Van and IDGVV invest in Bach Kim Education Network Joint Stock Company with the aim of developing the Violet.vn network into a leading online training service in Vietnam.
Mr. Hoang To, Chairman of the Board of Directors and CEO of Tinhvan Group, stated that Violet.vn currently holds the largest teacher community in Vietnam, with over 1 million users and 4 million shared documents including lesson plans, exam questions, and e-lectures. This will strongly synergize with the Tinh Van ecosystem that the company owns and develops.
Mr. Dinh Hai Minh, Chairman of the Board of Directors of Bach Kim Education Network Joint Stock Company, said that with the new investments, new technology platforms will soon be completed, providing more useful content services to users, contributing to the modernization of learning and self-study processes for students.
About Bach Kim Education Network Joint Stock Company (Violet.vn Library):
Bach Kim Education Network Joint Stock Company was established in 2005, operating in the field of developing software to support teaching and school management; developing Internet services for teachers and students; consulting and providing IT application solutions in schools (equipment, software, training services, etc.).
After 7 years of operation and development, the company has created many IT products, contributing to the digitalization of Vietnam's education sector. Notably, the company launched the "Violet Online Lecture Authoring Tool," which has won many prestigious IT awards such as: Vietnam Smart Award 2005-2007; Sao Khue Award 2007 (5-star); Silver Cup CNNT 2007; Golden Globe IT 2007. The online library Violet.vn, owned by the company, has also grown into the largest educational social network in Vietnam, a place to share educational resources (lectures, materials, lesson plans, exam questions, etc.) and allows users to create their own library websites completely free of charge.
The online library Violet.vn has been cooperating with many organizations in the education and media sectors to continue providing teachers and students with useful and effective learning, reference, and entertainment content.
About IDGVV:
IDG VENTURES VIETNAM (IDGVV) is the first technology venture capital fund in Vietnam. Managing $100 million USD, IDGVV specializes in supporting entrepreneurs to develop innovative (inventive) companies with global reach. IDGVV is an independently operating member on behalf of its limited liability member, International Data Group (IDG), the world's largest IT media company, to provide investments. IDG Ventures operates as a global group consisting of 5 on-site funds currently managing total capital of approximately $3.6 billion USD. As one of the very few truly global venture capital firms, over the past 17 years, IDG Ventures has executed more than 240 investment projects spanning North America, Europe, and Asia.