Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur EdTech and education group, and OpenExO (“OpenExO”), an AI-driven global community of 36,000 educators, entrepreneurs, and enterprises building the exponential ecosystems of the future, have recently signed a definitive agreement to merge the two companies in an all-share transaction. This acquisition accelerates their plan to develop a global AI Education Group serving a network of 100 Genius Cities and preparing 100 million students for our exponential future.
Getting involved in OpenExO provides exclusive access to a large community of exponential thought leaders, innovation coaches, and disruption experts. The platform allows users to access knowledge and resources while learning to apply Exponential Organization principles. Individuals can gain valuable insights into the tools and strategies of some of the world’s most successful businesses.
Salim Ismail and Kent Langley co-founded OpenExO and have established themselves as the world’s leading experts in exponential thinking. Salim authorizes the international bestsellers “Exponential Organizations” and “Exponential Organizations 2.0, The New Playbook for 10x Growth & Impact.” Over the last decade, his team has used his ExO model to transform the cultures of Fortune 500 companies and governments and build entrepreneurial, high-growth teams using cutting-edge disruptive technologies and practices.
Speaking on the deal, CEO of Genius Group, Roger Hamilton, said:
Genius Group recently announced plans to launch our Genius City model in Singapore, Dubai, and Abu Dhabi. Genius Group’s Edtech platform, GeniusU, was launched using the principles of Salim’s ExO model. These principles are central to the Genius City model, which develops AI-driven exponential ecosystems that deliver education and acceleration while localizing values and culture.
Hamilton added:
Our Genius Group Board has tasked me as CEO with building the group to work towards achieving $1 billion in annual revenues, 100 million students, and now 100 Genius Cities, with a target of achieving this within the next decade. By combining forces, we will upgrade our annual growth rate with an accelerated roadmap to achieve our goals.
As part of the agreement, Salim serves on the XPRIZE Foundation’s Board of Directors. The foundation uses large-scale global incentive competitions to crowdsource solutions to the world’s grand challenges. He is also the Founder and Executive Director of Singularity University.
OpenExO’s CEO, Salim Ismail, stated:
We launched OpenExO to transform leaders and enterprises into exponential organizations with the ExO Model. By merging with Genius Group and FatBrain, we have an opportunity to integrate our communities and AI-driven tools to educate and accelerate organizations at every level. We believe this is an extremely exciting opportunity coming at a critical time for humanity.
The transaction will close once the various closing conditions and necessary approvals, including, but not limited to, NYSE approval, are met.
Genius Group aims to create an entrepreneurial education system to prepare students for the 21st century. The company believes the current global education system requires a more relevant, upgraded, student-centred, high-tech, and high-touch curriculum. The platform connects each individual to a network of fellow students, expert mentors, and teachers who are best suited to assist them in achieving their goals by identifying their essential skills, interests, and purpose. Through its learning portal, GeniusU, the Genius Group has a member base of 5.4 million users in 200 countries, ranging from early age to 100.
