Element K announces 2003 financial highlights

The company has recorded an 11 per cent increase in revenue with positive EBITDA (earnings before interest, taxes, depreciation and amortization) every month of 2003.

Commenting on the company's positive growth, Element K Middle East stated that its new and existing international relationships with IT partners like Microsoft, Cisco, Adobe, Macromedia, Corel and Novell, have played a major role. Element K offers online training courses for software developed by its technology partners such as desktop computing, information technology and business and professional development.

"Element K is proud of its global achievements particularly when compared to its competition. With our expertise and innovation in the field of e-learning, we are confident that we will continue to be the leading e-learning content provider. IT is a dynamic field and there is a growing need among professionals to continuously update their skills on the latest developments in the software industry. Element K was established to cater to this need, by offering learning opportunities in a flexible self-paced online environment. Strong partnerships with leading IT vendors are crucial to meeting this objective, so we can offer our learners training on the latest software," said Jamil Ezzo, General Manager, Element K Middle East.

"Over the years Element K has built a reputation among professionals for being an important training resource to stay abreast of technology developments and we would like to express appreciation to our technology partners for contributing to this image," he added.

"The Middle East is a comparatively new market for e-learning, offering tremendous growth potential. As an increasing number of businesses migrate to IT-based systems, the need for IT-specific training has also risen. We have received significant response in the Middle East region, as more people realise the benefits of online learning. However, we are confident that we will see even stronger growth in this region, as the demand for e-learning continues to grow," concluded Ezzo.

Element K Middle East currently partners with Etisalat's Emirates Internet and Multimedia to provide e-learning services in the UAE and they recently announced plans to expand the relationship regionally.