New era dawns in global financial training

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The Board of IASeminars Ltd., a UK business specialising in international accounting seminars and other financial training events around the world, is pleased to announce that the company has been acquired by RECM and Calibre Limited ("RAC"), a diversified South African investment company which is listed on the Johannesburg stock exchange.

IFRS IPSAS and US GAAP Training Course Provider

IASeminars

"This combining of several well-established and complementary training companies will create a new global provider of business education with an established presence in Africa, Europe and the USA..."

The Board of IASeminars Ltd., a UK business specialising in international accounting seminars and other financial training events around the world, is pleased to announce that the company has been acquired by RECM and Calibre Limited ("RAC"), a diversified South African investment company which is listed on the Johannesburg stock exchange with over ZAR 1.1bn (currently GBP 67m or USD 83m) in net assets.

RAC will be positioning IASeminars under its trading brands Tabaldi Education and College SA and will, with the management team Richard Starkey, Annelien Feldtmann and Jimmy Ladielis, leverage the strong IASeminars brand by launching new product offerings that are currently under development. Collectively, these companies offer an end-to-end training solution ranging from study support for undergraduate degrees through to professional qualifications and then on to Continuing Professional Development (CPD), mostly focused around financial training. This represents a ‘lifelong learning’ proposition to the group’s many thousands of individual, corporate and governmental clients around the world.

Jan van Niekerk, Executive Director of RAC said: "Society benefits tremendously from the education and training of our human capital. We firmly believe that top quality financial and business training will help all spheres of society meet the challenging demands of the future. The combination of our investment in IASeminars with our other education companies improves our ability for serving the next generation of international leaders."

Marc Gardiner, founder and current CEO of IASeminars stated: "This combining of several well-established and complementary training companies will create a new global provider of business education with an established presence in Africa, Europe and the USA, and also access to the financial and managerial resources needed for long-term success."

The RAC group’s strong base in South Africa, and its access to a large student body, complements IASeminars long experience in training financial executives across Europe, the Middle East and North America. Collectively, this new group sees future growth opportunities in financial education for the worldwide public sector, improved corporate reporting in key industries such as energy, financial services and telecoms, and the potential for explosive growth in quality online learning for millions of students, managers and executives worldwide.

When asked about the future, the new Managing Director of IASeminars Annelien Feldtmann replied: "Our vision is to be a leading player in the global financial and business education market and to assist our many clients to reach their dreams of becoming financially literate and professionally qualified, and then to remain relevant in their chosen fields."

About IASeminars

Over the last 20 years, IASeminars has seen more than 18,000 people from over 150 different countries attend one of its training events held on 5 continents. The company has built a strong reputation around the world for the quality of its live and online CPD seminars on international accounting topics (IFRS, IPSAS, US GAAP etc.) and related fields. IASeminars is based out of the UK and although the company’s founder, Marc Gardiner, will be stepping down from the board to take up an advisory role, the rest of the team will remain in place.

For further information, please contact us through http://www.iaseminars.com

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Deborah Fyfe
IASeminars
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since: 05/2009
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