Ambow Education Holding Ltd. (“Ambow” or the “Company”) (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, has entered a strategic partnership with Cisco, the worldwide leader in technology that powers the Internet, to cooperatively launch international career education, training and certification services, all online.
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With this partnership, Ambow and Cisco will provide high-quality online courses as well as authoritative certification of IT and the Internet, for college students and industry professionals around the world. Through methods such as academic credit exchange, the partnership will establish a comprehensive and seamless way for trainees to further study, receive job placement support and obtain international development opportunities. Finally, the two companies will cooperate on designing vocational education curriculums, building “smart classrooms” and strengthening innovation and entrepreneurship.
Cisco’s online training and certification courses will officially launch on the Huanyujun Education Hub (“Huanyujun”), Ambow’s one-stop learning and growth platform. Cisco is the second global enterprise to team up with Huanyujun following Ambow’s strategic partnership with Amazon in 2018 and the recent expansion of that partnership in late September of this year. Meanwhile, Ambow will allow its huge student user group to have access to the Cisco Networking Academy. In addition, Ambow will work with Global Career Quality Assurance (“GCQA”) to establish a mechanism for mutual recognition of international career education and certified credits based on users’ cross-border academic credits bank. This will gradually help the Company’s vocational and personnel training to be recognized internationally as it integrates with global industry practices.
Dr. Jin Huang, President and Chief Executive Officer of Ambow, commented, “Ambow is no stranger to working with world-famous enterprises to continuously expand and integrate online education resources. The partnership programs, designed to improve activities for educational institutions and end users, involve cloud training, well-known certifications and job placement, which leverage Ambow’s own patent technology, online and offline systems, and other high-quality global resources.”
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