Private school operator Inspired Education has acquired private tutoring company Ostaz.
Founded in Beirut in 2017 as Synkers, the company connects students with private tutors to teach them to pass school and official exams and gain college admission.
Synkers rebranded to Ostaz earlier this year in anticipation of the deal.
More than 43,000 students use Ostaz around the world for a range of curricula such as British (GCSEs and A-evels), French, International Baccalaureate, American, Saudi, Egyptian and Lebanese, in addition to languages, prep tests and soft skills.
Ostaz has so far concentrated its efforts in the Middle East and North Africa region, where it has partnered with educational institutions and will now seek to expand globally by leveraging Inspired’s global reach.
Nadim M Nsouli, founder and chief executive of Inspired said: “We are thrilled to partner with the Ostaz team to expand its offering globally by leveraging Inspired’s presence on five continents. This acquisition complements Inspired’s other recent online initiatives which recently saw the launch of King’s College Online, a unique offering combining an online premium education with an opportunity to attend our physical schools. The dynamic team at Ostaz have done a phenomenal job to date expanding in the MENA region and we look forward to working with them on the next phase of their journey as they expand in Inspired’s existing markets as well as new ones.”
Audrey Nakad, co-founder and chief executive of Ostaz added: “We are excited that Inspired is now our partner and will invest in the future of Ostaz. We believe that our partnership will enable Ostaz to grow its presence across the globe, bringing high-quality and personalised online and offline private tutoring to students from New York to Riyadh. If anything, the Covid-19 pandemic has catalysed the need for services like Ostaz and we see a burgeoning market and great demand for our offer.”
Inspired Education Group educates more than 50,000 students across five continents.
Date published: 1 April 2021