DUBAI, United Arab Emirates,
May 23, 2024 /PRNewswire/ -- CME, an
international leader in technology solutions, has announced the
acquisition of Augmental, a cutting-edge EdTech company. This
strategic partnership combines CME's technological expertise with
Augmental's innovative tools to transform the education sector.
"This strategic alliance enhances our service offerings and
reinforces our commitment to driving digital transformation in
education on a global scale. The aim is to ensure that digital
solutions remain at the forefront of educational strategies and
practices," said Wissam Youssef, CEO
of CME Offshore.
This acquisition represents a pivotal step towards creating a
comprehensive ecosystem of educational services and tools. The new
entity will offer a fully integrated suite of solutions designed to
enhance every aspect of the learning journey and cater to various
stakeholders within the educational sector.
The collaboration between CME and Augmental is set to dismantle
traditional barriers in education. By leveraging CME's global
network and merging their robust tech infrastructure and
exceptional customer support experience with Augmental's innovative
AI-based tools, Augmental, the new EdTech arm of CME, will deliver
personalised learning experiences, streamlined content creation and
delivery, advanced analytics, and management tools. This
partnership will transform educational access and effectiveness on
both a regional and global scales.
Existing organizations using CME technologies now have access to
an AI-powered LMS with unique features, while companies and
training institutions using Augmental LMS are able to expand their
tech stack with CME's solutions.
"Joining CME marks an exciting new chapter for Augmental. It is
more than an acquisition; it is a strategic alliance set to elevate
the educational journey for learners everywhere. We look forward to
continuing our mission to transform education and support our
clients with pioneering solutions," said Paul Barakat Diab, CEO of Augmental.
With a deep understanding of the education market, Augmental's
team brings invaluable expertise to the digital education sector.
Their experience is crucial in innovating and developing targeted
solutions that address the unique challenges and opportunities
within the educational landscape.
Paul Barakat Diab and
Elie Nahas, the founders of
Augmental, will continue to lead and innovate within the newly
formed entity. Their ongoing leadership underscores a shared
commitment towards education, combining the strengths of both
companies to establish new standards of educational excellence and
innovation.
"Education is the cornerstone of progress and growth," concludes
Carole Alsharabati, Founding Partner at CME. "By equipping learners
with next-gen tools, we are not just enhancing learning
experiences; we are empowering them to shape the future."
About Augmental
Augmental is an AI-powered,
white-labeled learning platform that empowers educational
institutions and course creators by offering next-generation
personalised learning experiences, intelligent content
creation, and data-driven analytics.
www.augmental.education
About CME
CME is a multinational enterprise
offering premium technology services and solutions. Over the years,
CME has helped 100+ global clients, including renowned Fortune
500 companies, become leaders in their fields. The company's
end-to-end solutions and comprehensive services cover Enterprise
Application Services, Data & Analytics, User Experience,
Artificial Intelligence, the Internet of Things, and DevOps. With a
skilled team across 8 locations, CME has delivered 300+
innovative and impactful projects, contributing to 8 US Patents and
serving 80 million users daily.
www.gotocme.com
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