Axcel – Alpine’s Professional Education Business – Announces Partnership with EduMind – Yahoo Finance

DUBLIN, Ohio & SAN FRANCISCO, October 04, 2022–(BUSINESS WIRE)–Axcel, a professional education business backed by Alpine Investors (Alpine) and specializing in buying, building and operating world-class education companies, today announced its partnership with EduMind, a global education and training provider specializing in professional exam preparation. Terms of the transaction were not disclosed.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221004005507/en/
EduMind was founded in 2004 as School of PE by Radhika Dega and Vinod Dega with the goal of providing comprehensive, user-friendly training courses to help students prep and pass the FE and PE exams (Fundamentals of Engineering and Professional Engineer) while also practicing their engineering profession. The company adopted the EduMind name in 2014 as it added professional certification training within engineering, architecture, project management, nursing and other key professional education courses.
EduMind has established itself as a leader in the professional education coursework space through its two content brands, EduMind and School of PE. EduMind’s state-of-the-art learning management systems have helped tens of thousands of hard-working, busy individuals and students around the world boost their careers with professional certification and licensure courses. School of PE focuses on engineering exam prep in addition to Professional Development Hour (PDH) courses that are mandatory to maintain an active engineering licensure. While engineers typically depend on computers to solve problems, PE exams still require its test takers to complete manual computational problems. School of PE differentiates itself by ensuring engineers have access to the tools and review courses needed to refresh and strengthen these manual computational skills.
With Axcel’s support, EduMind will have access to new technologies and systems, continue to invest in its employees, core instructors and veteran management team, and develop new and innovative professional education courses to continuously optimize exam prep for students and individuals around the world. Axcel will also provide further investments of capital and personnel to meet the growing demand for professional exam preparation as the industry trends towards computer-based testing. Most exam prep courses offered by EduMind and School of PE are geared toward CBT exams, including engineering, PMP®, CAPM®, and NCLEX®. Effective with this partnership, Christopher Lam joins EduMind as Chief Executive Officer.
"I want to sincerely thank the entire EduMind team for their loyalty and dedication to the company over the years. It’s been an honor to support tens of thousands of students in their career advancement and professional certification journeys," said Vinod Dega, Founder of EduMind. "As EduMind enters its next phase of innovation, I know the company will be in good hands with Chris and the Alpine and Axcel teams. Not only does Alpine and Axcel have the resources and knowledge to grow and expand our offering, but Alpine’s values align with EduMind’s dedication to learning."
"Vinod and Radhika truly care about helping students and created a one-of-a-kind company dedicated to limitless learning. I vow to honor the company and its employees as we grow EduMind," said Christopher Lam, CEO of EduMind. "Our partnership with Axcel and Alpine will accelerate our ability to provide the highest quality study resources and tools through EduMind’s state-of-the-art student portal and modernized CBT-ready courses."
EduMind is Axcel’s fourth acquisition and joins Axcel’s suite of professional education companies, including Michael Management Corporation ("MMC"), a leading provider of SAP training, Web Age Solutions ("Web Age"), a leading IT training company, and Interskill Learning ("Interskill"), a leading independent supplier of online mainframe training.
"We are so excited to welcome EduMind to the Axcel family," said Jonathan (Jono) Zeidan, CEO of Axcel. "Vinod and Rahdika built EduMind into a market leader. As part of Axcel, we are looking forward to providing EduMind the support and resources to take its growth to the next level."
About EduMind
Founded in 2004 by CEO Vinod Dega, EduMind is a global education and training provider specializing in professional exam preparation through its two content brands, EduMind and School of PE. EduMind’s education platform brand and content home for architecture (ARE®), healthcare (NCLEX®), project management (CAPM®, PMP®), immersive technology (AR/VR) and continuing education certification courses, among others, across its Ondemand, Live Online and Onsite classroom modules. School of PE is EduMind’s flagship brand devoted to National Counsel of Examiners for Engineering and Surveying (NCEES) licensure exam preparation, including Fundamentals of Engineering (FE) and Professional Engineer (PE) exams for such engineering disciplines as civil, electrical, environmental, mechanical, chemical and structural. To learn more about EduMind, visit https://www.edumind.com/, and to learn more about EduMind’s flagship brand, School of PE, visit http://www.schoolofpe.com.
About Axcel
Axcel is a professional education business backed by Alpine Investors that is focused on buying, building and operating world-class education companies. Axcel is passionate about people, focused on training the modern workforce and obsessed with delivering for customers and learners. Axcel sits within AlpineX, an Alpine investment platform focused on lower middle-market services businesses that have durable customer value propositions, high-quality revenue, and attractive markets. For more information, visit www.axcel-learning.com.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a talent program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its over $2.25 billion eighth fund. For more information, visit www.alpineinvestors.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221004005507/en/
Contacts
Alpine
Audrey Harris
Head of Marketing
aharris@alpineinvestors.com
‘Both are insistent that I'm taking money that is morally theirs. There's no changing their mind.’
If you're on a budget, your diet doesn't need to be solely based on eating ramen noodles for breakfast, lunch and dinner. Find: Unplug These Appliances That Hike Up Your Electricity BillImportant: If…
Many Americans are surprised to see they have not prepared as well as they had hoped for retirement when they finally get ready to call it quits. The bad news is, you’ll probably have to make some realistic assumptions of what your retirement will look like. If you’ve lived primarily paycheck to paycheck in your working years, that may continue to feel the case in your retirement.
The crypto collapse is the product of old-fashioned mismanagement and fraud, not the failure of crypto to disrupt.
Don't believe for one second that Warren Buffett doesn't think about dividends. In his latest letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders, he mentioned that the company received $785 million in dividends from just one stock in 2021 (it was Apple). Buffett's recent buys for Berkshire's portfolio also hints that dividends might have been on his mind.
(Bloomberg) — The bond market is zeroing in on a US recession next year, with traders betting that the longer-term trajectory for interest rates will be down even as the Federal Reserve is still busy raising its policy rate.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsChevron to Resume Venezuela Oil Output as US Eases SanctionsThe Treasury Market’s Big Recession Trade Is Gathering MomentumAt Nantucket Retreat, Biden Family Weighs Run for Second TermLong-dat
These companies have multiple ways they could deliver multibagger growth in a relatively short period of time.
There is no one-size-fits-all strategy that has the potential to make investors wealthy over time, but there are few approaches that have a better track record of success than investing in dividend stocks. Companies that pay dividends are often successful, profitable businesses — year in, year out — which have generally proven over time that they can withstand market cycles and recessions. The asset managers at Hartford Financial Services looked at the performance of the benchmark S&P 500 going all the way back to 1930 and found there was not a single decade in which dividend stocks in the index didn't generate positive returns, even when the broader market was losing money for investors.
The Texas-based oil giant shares a chunk of New Mexico land with mining companies, which makes drilling there a challenge.
Although growth of the U.S. money supply is slowing, employment trends are strong, lots of cash is left over from the pandemic stimulus, and using credit cards is easy. That has put many people in a buying mood, inflation or no inflation.
The first six months of 2022 were the worst the stock market has had in more than 40 years, officially entering a bear market on June 13. Despite some recent bouncebacks, investors remain worried. So much so that some have … Continue reading → The post Is the Stock Market Going to Crash in 2022? appeared first on SmartAsset Blog.
Financial services company and digital bank SoFi Technologies (NASDAQ: SOFI) went public in June 2021 with lots of support and plenty of hype. At this point, SoFi finds itself in a bit of a regulatory headache.
Amazon (NASDAQ: AMZN) is one of the most well-known e-commerce companies on the planet. It's delivered top-notch earnings growth and share performance. Let's check out two reasons to buy Amazon — and one reason to sell.
Today we will run through one way of estimating the intrinsic value of Plug Power Inc. ( NASDAQ:PLUG ) by estimating…
Many companies like to claim that they have revolutionary, game-changing products. Few live up to the hype. Novocure (NASDAQ: NVCR) could be an exception. Its tumor-treating fields (TTFields) therapy uses electrical signals to disrupt the division of tumor cells.
Elon Musk is preparing for an almost inevitable showdown with Apple and Alphabet , the parent company of Google. The billionaire CEO of Tesla , who completed the acquisition of Twitter on October 27 at a hefty price of $44 billion, was quick to reshape the platform in his image. To achieve this, the Techno King, who describes himself as a "free speech absolutist", has opted for a lenient content moderation policy.
The Dow Jones hit its best level since April while more stocks are near buy points. But the S&P 500 faces a big test with Fed-critical economic data on tap.
The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried's empire.
Diesel inventories across the globe have fallen to multi-decade lows, and as the Northern Hemisphere cold season begins, different regions in the world will contest each other for supply
The average rate on a new vehicle loan is now 5.78%, up from 3.86% in January, according to Bankrate.com.

source

Leave a Comment