Axcel, a professional education business backed by Alpine Investors (Alpine) and specializing in buying, building and operating world-class education companies, is partnering with EduMind, a global education and training provider specializing in professional exam preparation. Terms of the transaction were not disclosed.
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.
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.
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.
