Classera Acquires Largest ERP Company

Classera, a global leader in the EdTech sector and the largest in the Middle East has acquired the region’s top Enterprise Resource Planning (ERP) company for the educational sector, Expert Solutions for Information Technology. This significant move underscores the growing emphasis on educational technology in the Middle East. This acquisition was celebrated in the presence of Ibrahim Al-Nasser, Deputy Minister of Communications and Information Technology for Future Skills and Jobs. The acquisition took place on the sidelines of the largest technical conference in the world, “LEAP 2024,” in Riyadh.

Classera’s Strategic Expansion 

The acquisition is part of Classera’s ambitious plan for global expansion into emerging markets. Furthermore, it aims at providing a comprehensive and integrated ecosystem for educational and training institutions. This move solidifies Classera’s position as a leader in educational technology solutions globally, especially in emerging markets.

Classera Offers Comprehensive Solutions

Currently serving more than 40 countries around the world in the education and training sector, Classera aims to provide a fully integrated technological environment. This initiative helps educational institutions achieve their fullest potential through cutting-edge technology, through its comprehensive “Learning Super Platform (LSP).” With this acquisition, Classera will now be able to meet all the digital transformation needs of its clients. Moreover, it will support them in comprehensively developing their operations.

Acquisition Impact

This strategic acquisition allows educational institutions working with Classera to manage all their financial and administrative operations. This includes human resources, logistics, asset management, student admission systems, sales, and purchases. Furthermore, it encompasses inventory tracking and everything needed for the smooth and interconnected technical management of educational establishments.

Pioneering in EdTech

Originating from Silicon Valley with Saudi entrepreneurs, Classera has focused on emerging markets globally and is a leading entity in Saudi Arabia’s billion-dollar company program. Recently, Sanabil Investments, a subsidiary of the Saudi Public Investment Fund (PIF), along with a consortium of global funds, invested in Classera. Throughout its journey, Classera has won the highest global awards in the field of educational technologies and holds the largest market share in the Middle East.

Classera’s Leadership Vision

Engineer Mohammed Al Madani, founder and Chairman of Classera, expressed his enthusiasm about the acquisition, viewing it as a golden opportunity to enhance their leadership in digital education and provide unique and comprehensive technological solutions under one umbrella. This acquisition reaffirms Classera’s principle of offering a “Learning Super Platform (LSP).”

Dr. Oudah Al Juhani, Chairman of Expert Solutions for Information Technology, shared his pleasure about the acquisition, highlighting that it will support Classera’s growth in and outside KSA. The merger with Classera will enhance their services and support their clients globally. Additionally, it aligns with Saudi Vision 2030 by expanding into new geographical areas, leveraging Classera’s presence in numerous countries worldwide.

Strong Signal for EdTech Growth

This acquisition signals strong growth in the educational technology sector in the Middle East, especially in Saudi Arabia. It opens new prospects for institutions, investors, and entrepreneurs in this vital sector. Consequently, this promises a bright future for the national economy and the educational and training sector in KSA.

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