Coded Minds expands footprint in US & Canada

Coded Minds expands footprint in US & Canada
Dr. Gina Cherkowski, founder of EdgeMakers STEM Learning Lab, and Omar Farooqui, founder and president of Coded Minds, at the signing ceremony.
Updated 26 November 2019

Coded Minds expands footprint in US & Canada

Coded Minds expands footprint in US & Canada

Coded Minds, a Gulf-based education technology company, has taken a giant stride toward expanding its product as well as geographical footprint by acquiring an EdgeMakers STEM Learning Lab, an innovative education company in the US and Canada. Alarabi Investments out of DIFC will be joined by 8 Roads (Fidelity’s venture arm) and Avalon Ventures out of San Francisco Bay Area. All parties associated with this transaction wanted to keep the overall value of the transaction private for now.

Headquartered in San Francisco, the US and Calgary Alberta, Canada, the acquired company provides cutting-edge STEM/STEAM, innovation and leadership education, professional development and design thinking programs for kids and teachers in Canada, the US and rest of the Americas. As per Crunchbase the shareholders include 8 Roads as well as Avalon Ventures. 

Omar Farooqui, founder and president of Coded Minds, said this is the first time a 100 percent acquisition has been made by a Gulf-based private education company in the US and Canada. “EdgeMakers, an elite 50-member education team, will merge into Coded Minds and become part of its global educational offerings,” he said.

Earlier this year, the company announced the closing of its first round of funding from Alarabi Investments, which has valued Coded Minds at 44 million dirhams ($12 million). It is expected that this transaction will increase the overall value by more than double. 

Farooqui, a Saudi national, announced that following this acquisition, the global best practice and STEM 2.0 curriculum will now be available in all regions where Coded Minds is operating currently. “Coded Minds continues to grow in multiple geographies. This acquisition has given the company an overnight global status and a foothold into the lucrative US and Canadian markets,” he added.

Dr. Gina Cherkowski, founder of EdgeMakers STEM Learning Lab, believes that the merger is an opportunity for the company to contribute in improving the quality of education in different parts of the world. 

“Being part of a global company will provide us an excellent opportunity to be global leaders in 21st century education through our innovative new partnerships in the Middle East, throughout Asia and across the globe brought about through this transaction,” she said. 

Alarabi Investments, which had invested earlier this year in Coded Minds, have seen their investment multiplied. 

CEO Mohammad Alghaith said: “At Alarabi Investments, we aim to create value for our investors through investments that deliver change, value, and impact. And the expansion of Coded Minds into new markets is part of our investment strategy to seek high growth and global reach.” 

Rich Levandov, a partner at Avalon Ventures associated closely with this transaction, said: “Avalon and EdgeMakers are excited to join forces with Coded Minds to extend the mission of EdgeMakers on a worldwide basis.”


SAEI, PSAA partner with Spartan KSA for aircraft training

SAEI, PSAA partner with Spartan KSA for aircraft training
The MoU was signed by Ali Ashban, CEO of SAEI; Captain Ismael Alkoshy, MD of the PSAA; and Peter Harris, CEO of Spartan KSA; in the presence of Ibrahim Al-Omar, director general of Saudia.
Updated 24 January 2021

SAEI, PSAA partner with Spartan KSA for aircraft training

SAEI, PSAA partner with Spartan KSA for aircraft training

Two subsidiaries from Saudi Arabian Airlines Corporation — Saudi Aerospace Engineering Industries (SAEI) and the Prince Sultan Aviation Academy (PSAA) — have signed a memorandum of understanding (MoU) with Spartan KSA LCC, at the Saudi Arabian Airlines’ (Saudia) headquarters in Jeddah.
The scope of the agreement with Spartan will meet the growing demand for aircraft training programs within the Kingdom of Saudi Arabia. Furthermore, it will facilitate SAEI to expand the training services offered to include aspects of aircraft maintenance and aviation repair in airport terminals where Saudi Arabian Airlines operates.
The cooperation between the three organizations further enhances the leadership role of the PSAA in the aviation technical training industry and supports SAEI’s aircraft maintenance training programs.
The training services related to this MoU will be carried out by the PSAA. The aviation academy has been in operation for more than 60 years and provides extensive advanced training expertise in aviation to several air carriers in the Kingdom as well as regional and international airline operators.
Spartan will also provide advisory services in connection with the operations of the PSAA.
The agreement was signed by Ali Ashban, chief executive officer of SAEI; Captain Ismael Alkoshy, managing director of the PSAA; and Peter Harris, chief executive officer of Spartan KSA; in the presence of Ibrahim Al-Omar, director general of Saudia.

HIGHLIGHT

The scope of the agreement with Spartan will meet the growing demand for aircraft training programs within the Kingdom of Saudi Arabia.

The Prince Sultan Aviation Academy is the largest aviation training complex in Saudi Arabia. PSAA became a strategic business unit (SBU) of Saudia in 2010 that provides professional aviation advanced training to regional and global commercial air carriers. PSAA has the latest flight training equipment including full-flight simulators, fixed-training devices, computer-based training work stations/ classrooms, cabin emergency evacuation trainers and door trainers.
PSAA operates A320–200, B777–200, B777-300, A330/A340, B747–400, and B787-9 simulators, covering some of the most widely operated fleet types in the world, fitted to industry-leading specifications that permit training on most variants and sub-types.
Meanwhile, Saudia Aerospace Engineering Industries is a world-class full-service maintenance, repair and overhaul (MRO) organization, the leading MRO in Saudi Arabia and one of the largest and most experienced MROs in the Middle East and North Africa region. SAEI is wholly owned by Saudi Arabian Airlines Holding. SAEI’s headquarters and main base is located at King Abdulaziz International Airport in Jeddah.
Spartan KSA was established to provide aviation training expertise and services to organizations in Saudi Arabia. Spartan KSA is an affiliate of Spartan College of Aeronautics and Technology, which has provided training in the US since 1928 to more than 100,000 pilots and technicians from more than 60 countries, including Saudi Arabia. Spartan College operates from campuses in Oklahoma, California and Colorado. Spartan Global Aviation Training is the parent company of Spartan KSA and Spartan Iraq.