GLOBAL training and education company Kaplan has acquired Genesis Institute. The deal was signed at the Genesis headquarters in Dubai by Kaplan UK Chief Executive Officer Peter Houillon and Binod Shankar, Managing Director of Genesis Institute. The terms of the deal were not disclosed.
Genesis and its team will trade under the name Kaplan Genesis and will continue to be based in Dubai and operate across the GCC. It will now be able to integrate the world-class Kaplan Schweser CFA materials into its already exceptional CFA programs. The organization will also offer preparation for other financial and business qualifications, as well as leadership and professional development programs for corporates.
Peter Houillon, Chief Executive Officer of Kaplan UK, said: “The combination of Kaplan’s distinguished learning heritage and global reach with the Genesis brand and local expertise provides exciting opportunities to build a highly competitive offering. Many of Kaplan’s UK and US clients, already with a significant presence in the region, will benefit from our combined expertise and global network.
Andrew Perkins, Global Director of Kaplan Leadership and Professional Development, said: “At Kaplan, we approach learning and development differently: we combine the development of technical competence and behavioral confidence that enables better decision making by individuals, team and organizations. We will now tailor these programs to support the development of regionally based talent for our GCC, UK and US clients.”
Binod Shankar, Managing Director of Genesis, said: “Being part of Kaplan gives us the resources and infrastructure to enhance the fantastic student experience we have worked hard to create at Genesis. This is great news for our current and future students.”
As per the UAE›s Federal National Council, the budget for 2017 is set by the Cabinet at AED48.7 billion ($13.3 billion) with a prime focus on education. About 20.5 percent of the 2017 budget, or AED10.2 billion ($2.7 billion), is earmarked to the education sector. Given the UAE›s fast-paced growth and the government›s vision of promoting innovative education as a drive for the future, this decision has opened new opportunities in various fields and programs. This economic objective aligns with Kaplan Genesis’ vision of holistically promoting learning and development among public as well as private sector professionals through customized collaboration.