Press Release Archives - iLearningEngines

iLearningEngines, a leader in AI-Powered Learning Automation, to List on NASDAQ via Merger with Arrowroot Acquisition Corp.

Admin iLE — Fri, 28 Apr 2023 09:18:27 +0000

iLearningEngines, a leader in AI-Powered Learning Automation, to List on NASDAQ via Merger with Arrowroot Acquisition Corp.

The transaction has a minimum cash condition of $100 million, including funds from the Arrowroot Acquisition SPAC trust, a private convert with participation from Arrowroot Capital Management and other institutional investors that brings immediate capital into the company, and additional sources of capital that are currently being negotiated.

Pro forma implied enterprise value of the combined company is approximately $1.4 billion.

BETHESDA, Md. & MARINA DEL REY, Calif.–(BUSINESS WIRE)–iLearningEngines (“iLearningEngines” or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, announced today that it has entered into a merger agreement with Arrowroot Acquisition Corp. (NASDAQ:ARRW), a publicly traded special purpose acquisition company sponsored by Arrowroot Capital, a 10 year old private equity firm specializing in enterprise software. Upon closing of the transaction, the combined company will be named iLearningEngines, Inc., and is expected to remain listed on the NASDAQ under the new ticker symbol, ‘AILE’. The combined company will continue to be led by iLearningEngines’ existing CEO and founder, Harish Chidambaran.

“As an early pioneer in enterprise AI and its application in learning and process automation, we believe iLearningEngines is in a category of one – owning a unique space with first mover advantage and significant moats built around specialized learning and engagement data sets”

In a globally distributed work environment, productizing enterprise knowledge has significant impact on business success, and remains a fundamental challenge given the sheer volumes of content and data. This is the problem that iLearningEngines solves. Uniquely positioned at the intersection of two massive, rapidly growing global markets – global e-Learning and global AI systems, each with an estimated total addressable market of greater than $200 billion by 2025 according to Technavio and IDC MaturityScape¹ – iLearningEngines leverages its AI and machine learning to build Intelligent “Knowledge Clouds” from an organization’s internal and external content and data, creating a central repository of all enterprise intellectual property, and then distributes knowledge into enterprise workflows to drive autonomous learning, intelligent decision making , and process automation. iLearningEngines currently serves 12 core verticals, including industrials, oil & gas, education, healthcare and insurance.

Founded in 2010, iLearningEngines has grown rapidly since its initial product launch with customers across a diverse set of industries and geographic regions. Key business and company highlights include:

Powering over 1000 end-customers with over 3.2 million users
$309 million in revenue in 2022, up 42% year over year, and positive adjusted EBITDA the past 3 years
Net dollar retention of 119% with typical customer contract length of 3-5 years
Proprietary AI platform and highly specialized learning and engagement data sets
Over 100,000 research and development hours
Top 20 in Deloitte Fast 500 for four years in a row, including #5 in 2019
Rule of 40 software business consistently for the past 5 years

Under Mr. Chidambaran, iLearningEngines has built a profitable $300+ million annual revenue business while being very capital efficient. “As an early pioneer in enterprise AI and its application in learning and process automation, we believe iLearningEngines is in a category of one – owning a unique space with first mover advantage and significant moats built around specialized learning and engagement data sets,” said Mr. Chidambaran. “We are excited to be partnering with Arrowroot given their expertise in growing enterprise software businesses. We believe the capital raised in this transaction will allow us to accelerate growth, capitalizing on the massive market opportunity in front of us.”

“Arrowroot is in our 10^th year; investing globally and specifically in growing enterprise software companies. We explored dozens of candidates for our first SPAC investment, searching for the next category killer, a $1 billion plus business that could be the next $10 billion company,” said Arrowroot CEO Matthew Safaii. “We believe we found that in iLearningEngines. This is a company with over 100,000 engineering research and development hours invested in creating one of the biggest independent AI focused software platform companies in the world. iLearningEngines is in an enviable software metric position. The company is at scale and posts high revenue growth along with profitability. Furthermore, we believe their large enterprise customer base is extremely sticky. We see iLearningEngines as not just a disruptor in enterprise grade AI, but as a public company that can overtake this burgeoning market space – with a huge opportunity for both organic growth and accretive M&A opportunities. Arrowroot Capital is in this for the long-term and is demonstrating this commitment by leading an investment directly into the company today. We have also priced the deal at 3.3x estimated 2023 revenue, a significant discount to a group of publicly traded peers, which we view as a very attractive entry point, especially for a company with top tier metrics.”

“We were early investors in iLearningEngines, and have been impressed with the management team’s ability to deliver consistent growth and profitability in this high growth AI segment,” said Rudy Ruano, Investment Partner with Western Technology Investment (WTI). iLearningEngines has been backed by WTI, a multi-stage venture finance firm that specializes in investments into leading technology companies. Founded in 1980, WTI has partnered with more than 1,400 companies across major innovation sectors. The firm was an early institutional investor in iconic technology companies like Google, Facebook, and Palantir among others.

Transaction Overview

The transaction has been unanimously approved by the Board of Directors of Arrowroot Acquisition Corp., as well as the Board of Directors of iLearningEngines, and is subject to the satisfaction of customary closing conditions, including the approval of the stockholders of Arrowroot Acquisition Corp.

The agreement includes a minimum cash requirement of $100 million that will be funded through several sources. The combined entity will receive approximately $43 million from Arrowroot Acquisition Corp.’s trust account, assuming no redemptions by Arrowroot Acquisition Corp.’s public stockholders. iLearningEngines will receive proceeds of a private convertible offering with participation from Arrowroot Capital and other institutional investors at the time the transaction is announced. iLearningEngines is also in discussions to raise additional capital via institutional investors. The intended use of cash is primarily for M&A and growth.

Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K and in Arrowroot Acquisition Corp.’s registration statement on Form S-4, which will include a document that serves as a prospectus and proxy statement of Arrowroot Acquisition Corp., referred to as a proxy statement/prospectus, each of which will be filed by Arrowroot Acquisition Corp. with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov.

Advisors

Cooley LLC is serving as legal counsel to iLearningEngines and Goodwin Procter LLP is serving as legal counsel to Arrowroot Acquisition Corp.

About iLearningEngines

iLearningEngines is the market leader in cloud-based, AI driven mission critical training for enterprises. iLearningEngines has consistently ranked as one of the fastest growing companies in North America on the Deloitte Technology Fast 500. iLearningEngines’ AI and Learning Automation platform is used by enterprises to productize their enterprise knowledge for consumption throughout the enterprise. The intense demand for scalable outcome-based training has led to deployments in some of the most regulated and detail-oriented vertical markets, including Healthcare, Education, Insurance, Retail, Oil & Gas / Energy, Manufacturing and Government. iLearningEngines was founded by Harish Chidambaran in 2010, with headquarters in Bethesda, MD and offices in Dubai, UAE, Sydney, Australia, and India.

About Arrowroot Acquisition Corp.

Arrowroot Acquisition Corp. is a special purpose acquisition company formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is sponsored by Arrowroot Capital, a leading investor in enterprise software. Arrowroot Acquisition Corp. was founded on November 5, 2020 and is headquartered in Marina Del Rey, CA.

Important Information About the Proposed Transaction and Where to Find It

A full description of the terms of the transaction will be provided in a registration statement on Form S-4 to be filed with the SEC by Arrowroot Acquisition Corp. that will include a prospectus with respect to the combined company’s securities to be issued in connection with the business combination and a proxy statement with respect to the shareholder meeting of Arrowroot Acquisition Corp. to vote on the business combination. Arrowroot Acquisition Corp. urges its investors, shareholders and other interested persons to read, when available, the preliminary proxy statement/ prospectus as well as other documents filed with the SEC because these documents will contain important information about Arrowroot Acquisition Corp., iLearningEngines and the transaction. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to shareholders of Arrowroot Acquisition Corp. as of a record date to be established for voting on the proposed business combination. Once available, shareholders will also be able to obtain a copy of the S-4, including the proxy statement/prospectus, and other documents filed with the SEC without charge, by directing a request to: Arrowroot Acquisition Corp., address. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).

Forward-Looking Statements

This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “expect,” “intend,” “plan,” “believe,” “estimate,” “continue” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed business combination, including the timing and structure of the transaction, the listing of the combined company’s shares, the amount and use of the proceeds of the transaction, iLearningEngines’ future growth and innovations, the initial market capitalization of the combined company, the amount of funds available in the trust account as a result of stockholder redemptions or otherwise and the benefits of the transaction, the total addressable market for global e-Learning and global AI systems, and the existence of, as well as the potential value and duration of, any return on investment for customers of the combined company. In addition, iLearningEngines’ 2022 revenue is a preliminary estimate, which is subject to the completion of iLearningEngines’ quarter end close procedures and further financial review. Actual results may differ as a result of the completion of iLearningEngines’ quarter end closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. Such differences may be material. As a result, those estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. Neither iLearningEngines’ nor Arrowroot Acquisition Corp.’s registered accounting firm has audited, reviewed or compiled, examined or performed any procedures with respect to the preliminary results, nor have they expressed any opinion or any other form of assurance on the preliminary financial information. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, changes in domestic and foreign business, market, financial, political, and legal conditions the ability of existing investors to redeem the ability to complete the business combination due to the failure to obtain approval from Arrowroot Acquisition Corp.’s shareholders, the failure to satisfy other closing conditions in the business combination agreement or otherwise, the occurrence of any event that could give rise to the termination of the business combination agreement, the failure to consummate the transactions contemplated by the forward purchase agreements, the ability to recognize the anticipated benefits of the business combination, risks relating to the uncertainty of the projected financial information with respect to iLearningEngines; risks related to the rollout of iLearningEngines’ business and the timing of expected business milestones; the effects of competition on iLearningEngines’ business, and other risks and uncertainties, including those to be included under the header “Risk Factors” in the registration statement on Form S-4 to be filed by Arrowroot Acquisition Corp. with the SEC and those included under the header “Risk Factors” in the final prospectus of Arrowroot Acquisition Corp. related to its initial public offering. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not rely on these statements in making an investment decision or regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute an offer or invitation for the sale or purchase of securities, assets or the business described herein or a commitment to the Company or iLearningEngines, nor is it a solicitation of any vote, consent or approval in any jurisdiction pursuant to or in connection with the business combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Participants in Solicitation

Arrowroot Acquisition Corp. and iLearningEngines, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies of Arrowroot Acquisition Corp.’s stockholders in respect of the business combination. Information about the directors and executive officers of Arrowroot Acquisition Corp. is set forth in the Arrowroot Acquisition Corp.’s filings with the SEC. Information about the directors and executive officers of iLearningEngines and more detailed information regarding the identity of all potential participants, and their direct and indirect interests by security holdings or otherwise, will be set forth in the definitive proxy statement/prospectus for the business combination when available. Additional information regarding the identity of all potential participants in the solicitation of proxies to Arrowroot Acquisition Corp.’s stockholders in connection with the proposed Business Combination and other matters to be voted upon at the special meeting, and their direct and indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement/prospectus, when it becomes available.

¹ Sources Technavio Global e-Learning Marketplace and IDC MaturityScape: Artificial Intelligence 2.0

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Vedhik eSchools partners with iLearningEngines to Launch AI-powered Learning Experience Platform in Bengaluru.

admin — Thu, 23 Feb 2023 10:37:47 +0000

Vedhik eSchools partners with iLearningEngines to Launch AI-powered Learning Experience Platform in Bengaluru.

The country’s first AI-driven multi-teacher learning platform enabling schools to attain higher grades in the school accreditation process

Bengaluru, Karnataka, India – On 11 February 2023, Vedhik IAS Academy in partnership with iLearningEngines (iLE) formally launched Vedhik eSchools, their AI-powered learning experience platform in Bengaluru. Dr. Shankar Bidari, IPS, Former DGP, Govt. of Karnataka, inaugurated the platform during a function at the Leela Hotel in the city that was attended by the heads of over 100 schools as well as the dignitaries from the Government and education sector.

“If we are to equip the next generation to succeed in this rapidly changing world, we need to adopt the latest technology in delivering education. With this AI learning platform, schools can provide personalized education experiences, helps students learn at their own pace, and gives teachers valuable insights into their students’ performance. This is very much in line with the national education agenda, and I am honored to support this great initiative”, said Dr. Shankar Bidari.

Vedhik and ILE joined forces one year ago with the goal of making learning more dynamic and accessible to all students in the region. Today, Vedhik eSchools empowers learning institutions to provide world-class education to their students, extending even beyond academics, by leveraging the most advanced AI technologies and educational tools. In launching Vedhik eSchools, the organizers’ goals include improving student performance and engagement, enhancing teacher productivity, and increasing parent-teacher communication, resulting in a more robust learning ecosystem

A unique feature of Vedhik eSchools is the multiple teacher experience, which provides an opportunity to learn the same lessons from multiple teachers. Students have the flexibility to choose their teachers based on their own requirements and preferences.

Vedhik eSchools helps schools to overcome the limitations and restrictions of conventional educational models. Dual schooling, home schooling, personalized learning and hybrid learning are all integrated here. With 24/7 virtual support, students also enjoy a teacher guided experience even after school hours and eliminates the need for after-school tutoring. For individual schools that are not equipped with full-fledged facilities, Vedhik eSchools is the perfect platform to help them oﬀer a holistic learning experience without incurring high infrastructural costs. For parents and students too, Vedhik eSchools makes this 360-degree program accessible at aﬀordable fees with increased convenience, on a centralized platform.

“With Vedhik IAS Academy we were instrumental in shaping the leaders of the country and with Vedhik eSchools, our vision is to transform the whole country by inculcating the youth with the skills, knowledge, and confidence they need to contribute to society and make a positive impact in the world. By providing access to quality education, we can break down barriers, reduce inequality, and unleash the full potential of our youth”, said Dr. Babu Sebastian, Founder and Chancellor, Vedhik Group of Companies, former Vice Chancellor, IMG & Kannur University, Kerala.

“After a successful launch in Kerala, we are excited to bring Vedhik eSchools to Karnataka, with an all India said James Mattom, Vedhik eSchools CEO. “With this initiative, we are helping schools with valuable insights and are excited to take this concept globally with our commitment to empowering students.”

“iLearningEngines is completely committed to helping organizations meet their learning automation needs,” said Balakrishnan A. P., President of iLearningEngines. “Our relationship with the Vedhik Foundation started with their entire IAS academy being deployed through iLearningEngines, and we are very excited to extend this to Vedhik eSchools, a robust and easy-to-use learning experience platform with the amazing mission of accelerating learners’ education, skill development and future-readiness. We look forward to helping Vedhik make this program widely available and successful throughout India and the Middle East.”

The Vedhik eSchools platform features multiple modules with access to broad sets of content that have been designed in conjunction with national school accreditation standards and overseen by veteran education professionals. For more information on Vedhik eSchools, go to https://vedhikeschools.com/.

The Bangalore launch event was attended by Dr. Shankar Bidari, IPS, Former DGP, Govt. of Karnataka, Dr. Babu Sebastian, Founder and Chancellor, Vedhik Group of Companies, former Vice Chancellor, IMG & Kannur University, Kerela, Shri. James Mattan, Founder and CEO, Vedhik Group of Companies, Shri. B.C. Nagesh, Hon Minister of Education, Govt. of Karnataka, Shris. Balakrishnan A.P., President iLearningEngines.

ABOUT ILEARNINGENGINES

iLearningEngines is the market leader in cloud-based, mission critical training for enterprises. Deloitte has ranked ILE as the top 20 fastest growing company in North America in 2020 on the Deloitte Technology Fast 500, and #5 in 2019 Deloitte Fast 500. The Company’s AI and Learning Automation platform is used by enterprises to productize their enterprise knowledge for consumption throughout the enterprise. iLearningEngines is being deployed in some of the most regulated and detail-oriented vertical markets including healthcare, education, energy, transportation and the military. The intense demand for scalable, outcome-based training has led to marquee customer wins across several industry verticals.

ABOUT VEDHIK IAS ACADEMY

Vedhik IAS Academy is India’s largest and most innovative online IAS Academy and provides affordable world-class IAS Coaching that transforms lives. With residential campuses across India, providing an opportunity to learn from India’s topmost IAS officers, Vedhik offers wide-ranging online classes with AI-supported study programs, videos and personalized evaluation platforms. Vedhik IAS Academy offers a completely digital platform and is the first paperless UN and Indian Civil service coaching Institute in India with the mission of providing online civil service coaching for students across the globe. As the only IAS academy in India to receive the Excellent Global E Learning Award-2020 from the UN, Vedhik trains students for more than 568 competitive exams to prepare them for national and state-level government jobs

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iLE Completes 20th Webinar of its Quarterly Series Focused on the Insurance Sector and Employment Legal Issues

admin — Wed, 22 Feb 2023 04:12:07 +0000

The Quarterly Webinar Series, Addressing Employment Practices & Liability Issues in Insurance and Other Sectors, Continues into its Sixth Year

BETHESDA, Md. iLearningEngines, the market leader in cloud-based, mission-critical training for enterprises, completed its most recent quarterly webinar, the 20th in its series targeting the insurance sector. The webinar took place on January 27th, entitled “Taking The Gray Out of Classifying Your Employees.”

LearningEngines targets a number of business sectors, including insurance, healthcare, financial services and more. With insurance providers, iLearningEngines offers a responsive intelligence platform that drives improved insurance solutions. By partnering with iLearningEngines, insurance providers can streamline their operations, enable data-centric decision-making, empower employees, and enhance engagement. This comprehensive risk management solution for the insurance industry drives outcomes at scale in all key functional areas – underwriting, claims, loss control, sales and customer service.

This webinar forms part of a Quarterly Series designed to inform business professionals and organizations about topics such as employment practices & liability issues. Rachel Bossard, Partner at Burke, Warren, MacKay & Serritella, P.C. and Chair of the Firm’s Labor and Employment Law practice group, led iLearningEngines’ 20th webinar. Ms. Bossard is an experienced labor and employment attorney, representing employers in all aspects of the law, including client counseling, training, litigation, and benefits. In the latest webinar, employee classification was discussed, along with ways to maintain compliance with changing U.S. Dept. of Justice and Dept. of Labor demands.

Since its launch in 2017, the Quarterly Webinar Series by iLearningEngines has addressed a variety of topics related to the insurance industry, including security and cybersecurity, whistleblower regulations, and HR issues and changing employer-employee laws, among others.

“We are excited to complete our 20th webinar in our quarterly series, especially given the increasing interest from our insurance customers and partners since we launched the series in 2017,” said Roger Duffield, General Manager of Risk Management for iLearningEngines. “The breadth of insurance and liability topics we’ve covered – and will continue to address – illustrates iLearningEngines’ strong partnership and collaboration with the insurance and financial services sector, as well as the clients they serve.”

iLearningEngines is a leader in risk management for the insurance industry. The company’s platform transforms the technology ecosystem by streamlining all processes, leveraging new and existing data streams, enabling intelligent decision-making, and enhancing client acquisition and engagement. iLearningEngines’ digital solutions provide comprehensive support to insurance providers, producers, agents, MGAs, MGUs and pools.

To learn more about how iLearningEngines drives success in the insurance industry by combining learning automation with information intelligence, visit iLearningEngines’ insurance industry webpage here: https://ilearningengines.com/insurance/

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Vivekanandha Educational Institutions partners with JD Education and iLearningEngines

admin — Sun, 06 Nov 2022 01:25:05 +0000

Vivekanandha Educational Institutions have partnered with JD Education and iLearningEngines, USA to bring the latest in AI enabled education technology to their students in Tiruchengode & Sankagiri, Tamil Nadu.

An MOU was signed on 14-10-2022 at 12.30pm at Vivekananda Educational Institutions Campus, Elayampalyam, Tiruchengode.

This event was attended by Dr. M. Karunanidhi, Chairman & Secretary, Prof. S. Kuppuswmi, Executive Director, Mr. M. Chockkalingam, Chief Executive, Directors and Principals of various Institutions from Vivekanandha Educational Institutions.

Mr.Balakrishnan, President and CBO of iLearningEngines, USA, Mr. Samjith Dhanrajan, CEO, JD Education and Training, Coimbatore & Mr. Cherian K Philip, Sr. Director, Channel Partnership Asia, Middle East & Africa also attended the event.

iLearningEngine’s AI enabled Learning Automation platform will power Asia’s largest Women’s Educational Institutions and drive their mission to provide new and innovative forms of support to students, teachers, and the learning ecosystem more broadly. This initiative was put together by JD Education, a leading education infrastructure aggregator in the region.

Vivekanandha Educational Institutions, started on a small note with one educational institution in 1992, has today expanded into 22 colleges and a school catering to nearly 20,000 students. In the past three decades, more than 1.5 lakhs girl students have graduated from these institutions.

Dr.M.Karunanidhi, Chairman & Secretary, Vivekanandha Educational Institutions said, “Vivekanda Educational Institutions were established for the welfare of the socially and economically challenged women and we take pride in the fact that nearly 80 percent of our students come from rural areas and were first generation graduate girls.”

“India’s New Education Policy envisions a complete overhaul and re-energising of the higher education eco-system to make it more accessible, equitable and inclusive. This partnership with iLearningEngines is a hallmark of this policy in action. This will strengthen the teaching-learning process to achieve the outcome”, said Prof.S.Kuppuswmi, Executive Director.

“As the Vivekanandha Educational Institutions were founded to empower women through education, we are proud to support the institution’s vision to make world-class learning opportunities available to women in all the corners of India” said Mr. Bala Krishnan, President and CBO of iLearningEngines, USA.

iLearningEngines (iLE) is the leader in learning automation and one of the fastest growing technology companies in North America. The Company’s Outcomes Driven Learning and AI platform is used by education institutes and enterprises to deliver organization specific training and drive mission critical outcomes. For four consecutive years, Deloitte Tech Fast 500 has ranked iLearningEngines as one of the top 20 fastest growing companies in North America. In India, iLearningEngines continues to rapidly capture market share and redefine next-generation learning by partnering with thought leaders and pioneers in the education field.

JD Education has been founded on the principles of becoming a leading education infrastructure aggregator in the region. JD Education’s vision is to help Educational Institutions achieve excellence while fostering the growth of their students’ abilities and create an impact on the world. At JD Education we believe in the power of education to transform lives. We are committed to the use of leading edge technology to make a positive and enduring impact in the communities we serve. We believe that when our students succeed, countries prosper, and communities’ benefit.

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Learn N Inspire aims to create 1000 Visionary Schools across India

admin — Sat, 05 Nov 2022 10:10:14 +0000

Chennai, October 2022: Learn N Inspire is the Education vertical (startup) of Metamorphosis Engg & Skill Development Pvt Ltd founded by socially contributing founders and professonals from Education & Industry in 2015 and already impacted a million lives. It is powered by iLearning Engines, USA. It is on a mission of transforming 10million+ lives.

In a short span, Learn N Inspire has developed Transformation lead education content, digital platform, coaches network, partnerships with Riverside School Ahmedabad, Munni International School Delhi and already piloting its transformative ‘I CAN VISIONARY SCHOOL’ at Hyderabad and Jaipur.

In the last 6 months they have touched 100+ schools and currently with leads of 2000+ education institutes. It has a vision to develop and transform 1000 existing schools into Visionary Schools as its 1st milestone goal. It has positioned as India’s first HumanE driven Holistic education Edutech company with phygital (Physical Transformation programs + Power of Global Digital content) model. The 4 pillars of I Can Visionary School are

Holistic Development, developing the child’s core being physically, mentally, socially, emotionally, mindfulness. They train and transform teachers into Visionary Teachers.
Holistic Learning, developing excellence in Academics, Enterpreneurship, Core values, 21st Century thinking skills, Technology Leadership.
Holistic Growth, developing and setup Global Education & Career Guidance centre with 3000+ university connects across 20 countries, My School Lab, Competitive exam preparation.
Holistic Transformation, developing child centric ecosystem through Signature programs for School Founders, Principal, Teachers, Parents, Non Teaching staff, Aayas/Drivers & Parents.

Founder of Learn N Inspire, Jyoti K Hatti said “Based on the Learn N Inspire platform, MESDS plans to build 1000 Visionary schools across the country which will by partnering with existing schools that wish to give their students a more holistic education and a head start to become future leaders. This will be a true step in the direction of Aatmanirbhar Bharat”

Through their partnership they are already into several countries and with NEP implementation in India, they plan to scale, taking India’s best to the world, bringing world’s best to India. A dream of making India the Knowledge hub and human resource hub for the world, truly living the spirit of Vasudev Kutambh – world is my family and let me share India’s knowledge to the world by creating differientiation, transforming lives.(www.learnninspire.com).

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iLearningEngines Acquires in2vate

admin — Wed, 02 Nov 2022 10:24:56 +0000

BETHESDA, Md.–iLearningEngines Inc, an enterprise software leader in AI powered learning automation has acquired in2vate LLC, headquartered in Tulsa, Oklahoma, a risk management and learning platform provider. Their clients provide coverage for liability, workers compensation, healthcare, law enforcement, and cyber security sectors. In2vate serves more than two million users delivering high impact risk management programs and services to enterprises, educational institutions, health systems and law enforcement organizations.

More than ever, enterprises need learning platforms that scale and align to their key business functions. iLearningEngines’ AI and learning automation platform enables enterprises to productize their enterprise knowledge and drive business outcomes at scale.

“iLE and in2vate have worked closely together supporting mission critical risk management initiatives in multiple large enterprises. The move to acquire in2vate is a natural extension of our shared synergies and partnership,” said Bala Krishnan, President and Chief Business Officer of iLearningEngines.

iLearningEngines is a market leader in combining AI algorithms with highly specialized data sets to diagnose or predict deficiencies in knowledge and deliver in-process learning prescriptions to each individual at scale. Our proprietary technology seamlessly complements in2vate’s industry expertise and together, we are perfectly poised to offer the most comprehensive learning automation solutions to clients across industries,” said Harish Chidambaran, CEO of iLearningEngines.

“in2vate is proud of our strong client relationships and the impact we have enabled for our customers. We are excited to bring our deep industry expertise in pairing risk management and learning automation solutions at scale,” Roger Duffield, President in2vate LLC.

About iLearningEngines

iLearningEngines (iLE) is the market leader in cloud-based, mission critical training for enterprises. Deloitte has ranked ILE as the top 20 fastest growing company in North America in 2020 on the Deloitte Technology Fast 500, and #5 in 2019 Deloitte Fast 500. The Company’s AI and Learning Automation platform is used by enterprises to productize their enterprise knowledge for consumption throughout the enterprise. iLearningEngines is being deployed in some of the most regulated and detail-oriented vertical markets including healthcare, education, energy, transportation and the military. The intense demand for scalable, outcome-based training has led to marquee customer wins across several industry verticals.

Contacts

Priya Pinto
P: (240) 812-1734
E: priya.pinto@ilearningengines.com

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