Founded in May 2004, OstazOnline is Egypt’s and the world’s first teacher-led virtual classroom service provider for students from K4 to K12 studying the Egyptian curricula. It is the company’s 52 top-notch teachers and 83 professionals and managers that make this sophisticated service available for the global market today. All senior managers are of engineering and MBA backgrounds with experience at multinational companies working in highly complex service environments.

In December 2005, the Technology Development Fund (TDF) in Egypt managed by EFG-Hermes Private Equity has joined the OstazOnline Company by 40% equity stake. The investors in the TDF are: Telecom Egypt, The Commercial International Investment Company, Misr Iran Bank for Development , Faisal Islamic Bank, Misr Insurance Co., El Charq Insurance Co., Egyptian ReInsurance Co.