Business Services Industry
UAE: ELEMENT K RAISES $24.5 MILLION CAPITAL.(Brief Article)
IPR Strategic Business Information Database, May, 2003
According to press newspaper (April 29, 2003), Element K Middle East announced that its parent company, Element K, a leading provider of e-learning solutions for information technology and business skills, has completed $24.5 million financing from a group of its existing investors. Part of this direct investment was made to support Element K Middle East, which is headquartered in Dubai Internet City.
This new capital raise will enable Element K to continue advancing its position in the e-learning market through ongoing development of innovative products, the company said. Element K will also continue to build upon its unique position as a provider of a comprehensive library of IT e-learning courses and IT instructor-led training courseware with consistent...
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