18 Feb 2012

GEMS EDUCATION APPOINTS RAKESH SHARMA AND DINO VARKEY AS DIRECTORS ON THE EVERONN BOARD

GEMS Education, the largest kindergarten to grade 12 operator in the world, which is owned by the Varkey Group and Associates which recently purchased 38.12% and management control of Everonn, says the synergies with Everonn will play a critical role in improving the standards of education provided to the children of India.

To consolidate its place GEMS Education has appointed the Chief Executive Officer of GEMS Education – South Asia, Mr. Rakesh Sharma and Senior Director with GEMS Education, Mr. Dino Varkey on the Everonn Board.

Speaking after the Everonn board meeting, Mr. Sharma says the GEMS Education investment in Everonn will only have a positive impact on the Indian education sector, “Our vision is to provide access to quality education to as many children in the world as possible. Investing in Everonn will provide us with a critical operating base within India and give added momentum to our strategic expansion plans. India is a key geographic segment where we have begun to establish ourselves as a leading education provider under the GEMS Education brand. This is an exciting time for our company as we expand our global footprint”.

Mr. Sharma added that GEMS Education’s leading position in the school sector coupled with Everonn’s expertise in content creation and technology enabled delivery of content, offer considerable scope for synergy in India which will ultimately help GEMS achieve its vision.

“There are significant potential benefits in bringing together GEMS Education’s vast network of world class educationalists and significant student body with Everonn’s Technological capabilities - Live & Interactive Virtual Platform. As the relevance of distance learning and technology-driven education increases across the world and especially in a country like India with a population of 1.2 billon, acquiring the stake in Everonn demonstrates the group’s aspirations to meet the challenges that will come from this new trend both in India and globally”, Mr. Sharma said.

GEMS Education has a long term commitment to education and has owned and operated schools for over 50 years. In addition, through its GEMS Education Solutions business, it advises many governments looking to reform their education sectors.

GEMS Education and Everonn will, over the next few months, be holding detailed discussions to build on the strengths of both companies. He further added that SKIL Infrastructure
continues as one of the key stake holders in the company.

About GEMS Education:
GEMS Education has a global network of award winning schools. With over 50 years of experience in education, GEMS provides high quality holistic education to over 100,000 students from 140 countries. It employs over 10,000 education professionals, specialists and staff from around the world. The GEMS approach to learning focuses, not only on academic excellence, but also in helping students develop their character and creativity so that they achieve their full potential as human beings. The GEMS Education school model is unique in the world because it offers a broad range of curricula across a range of tuition fees making private education more accessible to the broader community. GEMS Education also supports Governments’ education reform agenda by working with Ministries of Education to lift school performance and improve the standards and expertise of government schools across the globe. GEMS Education has offices in the United Arab Emirates, the United Kingdom, the United States of America, India and Singapore.

About Everonn:

One of the leading listed education companies in India, Everonn, is a pioneering beacon in the educational landscape of the country. With a firm belief that technology-enabled learning can truly negate socio- economic boundaries, Everonn’s initiatives have helped millions of students achieve their dreams. From its pioneering VSAT-enabled virtual and interactive classrooms to its emphasis on offering only the highest-quality content to students, Everonn’s constant quest for excellence has propelled the company to repeatedly break new frontiers in the Indian education industry.
Everonn’s core strength lies in its innate ability to transcend geographical, economic, and social barriers thus enabling such possibilities as one exemplary teacher being able to reach students across multiple locations simultaneously. Everonn reaches out to millions of students through thousands of its’ learning centres across several states and works with several State Governments of India. Everonn, today, is the largest VSAT education network in the world.

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