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 deal represents a pivotal step towards creating a comprehensive ecosystem of educational services and tools.
As per the official statement, the new entity will introduce a fully integrated suite of solutions, uniquely 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 poised to disrupt traditional barriers in education. By harnessing CME’s global network and fusing its robust tech infrastructure and exceptional customer support experience with Augmental’s innovative AI-based tools, Augmental, the new EdTech arm of CME, will deliver personalized learning experiences, streamlined content creation and delivery, advanced analytics, and management tools. This partnership will revolutionize educational access and effectiveness on both regional and global scales.
Over the years, CME has played a pivotal role in helping more than 100 international clients—including well-known Fortune 500 companies—become industry leaders. The company’s end-to-end solutions and extensive services cover Enterprise Application Services, Data & Analytics, User Experience, Artificial Intelligence, the Internet of Things, and DevOps. With skilled employees spread over eight countries, the platform has spearheaded more than 300 ground-breaking and noteworthy initiatives, secured eight US patents, and serves 80 million users per day, making a significant impact in the education sector.
Speaking on the deal, Wissam Youssef, CEO of CME Offshore, said:
This strategic alliance enhances our service offerings and reinforces our commitment to driving digital transformation in education globally. The aim is to ensure digital solutions remain at the forefront of educational strategies and practices.
Existing organizations using CME technologies can now access an AI-powered LMS with unique features. In contrast, companies and training institutions using Augmented LMS can expand their tech stack with CME’s solutions. 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, CEO of Augmental, added:
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.
As part of the agreement, 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.
