- Classera, a prominent player in educational technology, has acquired Expert Solutions, a Saudi-based ERP provider, as a key step in its quest to offer complete educational solutions.
- With this acquisition, Classera seeks to strengthen its global presence by integrating Expert Solutions’ ERP systems, thereby enriching its offerings for schools worldwide.
- Both companies are committed to advancing education and training capabilities, especially in Saudi Arabia, aligning their efforts with the goals of Vision 2030 and contributing to the nation’s economic progress.
- Classera secured $40 million in a Series A funding round in October 2022, with Sanabil Investments leading the investment along with other international venture capitalists and investors.
Classera, a US-based edtech company with a focus on the MENA region, has recently completed the acquisition of Expert Solutions, a Saudi Arabia-based ERP system provider for information technology. The specific terms of the deal have not been disclosed to the public.
Founded in 2011 by Mohammad Alashmawi and Mohammad Almadani, Classera offers a comprehensive ecosystem that includes a gamified learning management platform driven by AI and social learning, along with payment solutions tailored for educational courses. On the other hand, Expert Solutions, established in 2010, specializes in providing enterprise resource planning (ERP) systems specifically designed for educational institutions across the Middle East.
This acquisition marks a significant step forward in Classera’s strategic vision to develop a fully integrated ecosystem catering to the needs of educational and training institutions. By incorporating Expert Solutions into its portfolio, Classera aims to enhance its offerings and broaden its reach in the education technology market.
The acquisition ceremony took place during the LEAP 2024 conference, the world’s largest tech gathering, held in Riyadh. The event was attended by notable figures such as Mr. Ibrahem AlNasser, Deputy Minister of Future Jobs and Capabilities, underscoring the importance of this milestone in the edtech sector.
This agreement is part of Classera’s ambitious plan to expand its presence globally, particularly in emerging markets, and strengthen its position as a leader in educational technology. With Expert Solutions now under its umbrella, Classera is poised to deliver innovative solutions and services to educational institutions worldwide, further solidifying its reputation as a pioneer in the field of edtech.
With a presence in over 40 countries worldwide, Classera is revolutionizing the education and training sector. Its goal is to create a comprehensive technological environment that empowers educational and training institutions to reach their full potential through its cutting-edge learning super platform, LSP.
By integrating with Classera, educational institutions can efficiently manage all their financial and administrative operations, including human resources, logistics services, exam management, student admission systems, sales, purchases, and inventory tracking. These functionalities seamlessly integrate with Classera’s educational system, providing institutions with a cohesive and streamlined solution.
Established in Silicon Valley with entrepreneurs from Saudi Arabia, Classera has strategically targeted global emerging markets, collaborating with leading entities in the Saudi Unicorns program. Its successful journey has attracted investments from Sanabil for Investment, a subsidiary of the Saudi Public Investment Fund, and a consortium of global funds.
As an edtech leader, Classera has been recognized with top global awards in educational technology and has secured the largest market share in the Middle East.
With its innovative approach and commitment to excellence, Classera continues to revolutionize the education and training sector, empowering institutions worldwide to embrace the latest technology and enhance learning outcomes for students.
Mohammed Almadani, Founder and Chairman of Classera, expressed his satisfaction with the strategic acquisition, highlighting its significance in bolstering their leadership in digital education. He emphasized the opportunity to provide integrated technological solutions that elevate the quality of education across various sectors under the unified platform known as the Learning Super Platform (LSP).
Almadani affirmed the company’s dedication to supporting and advancing educational and training capabilities within the Kingdom of Saudi Arabia. He reiterated their commitment to contributing to the national economy and actively participating in achieving the objectives outlined in Saudi Arabia’s Vision 2030.
Similarly, Odeh bin Mohammed Al-Juhani, Chairman of Expert Solutions for Information Technology, shared his enthusiasm regarding Classera’s acquisition of their company. He emphasized the potential for growth and expansion within the Kingdom and beyond, fueled by their cutting-edge digital solutions.
As a Saudi national company, Al-Juhani reaffirmed its commitment to enhancing the development of educational institutions across various sectors. He expressed confidence in their ability to leverage their expertise to make a meaningful impact in the educational landscape.
Al-Juhani highlighted the significance of the acquisition, stating, “This merger with a global company, backed by major global funds, allows us to enhance our services, solutions, and customer support on a global scale. This aligns seamlessly with Vision 2030 and our goals of expanding into new geographic regions, leveraging Classera’s solutions across numerous countries worldwide.”
The acquisition of Classera underscores the rapid growth of the educational technology sector in the Middle East, particularly in Saudi Arabia (KSA). It represents unprecedented opportunities for institutions, investors, and entrepreneurs within this vital and intricate sector. The acquisition promises a prosperous future for both the national economy and the education and training landscape in the Kingdom.
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Last Updated on March 15, 2024 by Safiya K
