News story

Netex secures $3.8 million contract with PwC Middle East for major e-learning project

A Coruna, SpainLearning NewsNetex

Netex Learning, a global e-learning technology leader, has announced a landmark $3.8 million deal with PwC Middle East to spearhead a significant e-learning initiative in the Middle East. The three-year contract underscores Netex's strategic growth ambitions in emerging markets.

Carlos Ezquerro, CEO of Netex Learning
Carlos Ezquerro, CEO of Netex Learning 

This collaboration is poised to revolutionize training methodologies in the Middle East by leveraging Netex's innovative technology and PwC's extensive regional insights. It aims to set new benchmarks in the region's educational practices.

Netex will create over 340 hours of educational content using its Learning Cloud system, renowned for its adaptability and scalability. This platform is designed to deliver customised, effective learning experiences tailored to the specific needs of each organisation involved in the mega project.

"We are thrilled to collaborate with PwC Middle East. This strategic alliance not only demonstrates our commitment to innovation but also emphasises the importance of providing customised solutions to our international clientele, further solidifying our global market stance", Carlos Ezquerro, CEO of Netex.

Speaking on the strategic alliance, Sally Jeffery, PwC Global Education Leader adds, "We are excited to embark on this transformative journey with Netex Learning, a partnership that marks a significant milestone in our commitment to advancing the educational landscape in the Middle East. This collaboration leverages the strengths of both our organisations—Netex's cutting-edge e-learning design and technology capabilities and PwC's deep regional expertise—to deliver unparalleled learning experiences. Together, we aim to not only meet but exceed the evolving educational needs of the region, setting new standards for excellence in digitising learning. This initiative underscores our dedication to fostering innovative solutions that empower individuals and organisations, driving forward our vision for a more skilled, adaptable, and resilient workforce in the Middle East".

Netex's global expansion

Netex's collaboration with PwC Middle East is part of the Spanish firm's strategic plan to penetrate emerging markets—a strategy that has enabled Netex to achieve double-digit growth rates in its annual results.

In the fiscal year 2023, Netex reported a 14.5% increase in turnover, reaching €23.8 million. The adjusted EBITDA rose by 31.7% from the previous year to €5.7 million. Over 6 million users across Europe, the United States, Asia, and Latin America engage with Netex's solutions. This megaproject in the Middle East further strengthens the Galician company's position as a leader in the digital learning market.

The Middle East, a region experiencing rapid economic growth, presents a strategic opportunity for Netex. The deal with PwC Middle East highlights Netex's ability to forge significant partnerships and expand its footprint in key regions, aligning its future vision with the educational and talent development needs on a global scale.