iLearningEngines to Add Matthew Barger and Bruce Mehlman to Board of Directors
Gracie Gottlieb | 23 January, 2024
iLearningEngines Inc., a leader in AI-powered learning automation and information intelligence, is pleased to announce that Matthew Barger and Bruce Mehlman will be joining its board of directors. The addition of Barger and Mehlman brings extensive financial, political, and business leadership experience to the company, positioning it for further growth and success following its business combination with Arrowroot Acquisition Corp.
Matthew Barger, a Managing Member of MRB Capital LLC and Senior Advisor at Hellman & Friedman LLC, has a strong background in investment and has served on the Board of Directors of various prominent companies. Bruce Mehlman, the Founding Partner of Mehlman Consulting, has deep expertise in navigating political risk and has held significant leadership positions in both government and the private sector.
The appointment of Barger and Mehlman comes at an exciting time for iLearningEngines as it prepares to become a publicly traded company. The company recently announced its definitive agreement to merge with Arrowroot Acquisition Corp., a special purpose acquisition company sponsored by Arrowroot Capital Management. Upon completion of the merger, the combined company will be named iLearningEngines, Inc. and will trade on NASDAQ under the ticker symbol "AILE," subject to regulatory approvals and customary closing conditions.
Harish Chidambaran, CEO of iLearningEngines, expressed his delight at welcoming Barger and Mehlman to the board. He believes their expertise in scaling disruptive technology businesses globally will be invaluable as the company executes its strategic growth plans as a publicly traded entity.
Matthew Barger shared his excitement about collaborating with Harish and the team to drive the business forward as a publicly traded company. He looks forward to leveraging iLearningEngines' strong market positioning and growth momentum to capitalize on new opportunities.
Bruce P. Mehlman highlighted iLearningEngines' position at the intersection of AI, hyper automation, and eLearning, making it well-positioned to tap into multiple industry megatrends. He expressed his eagerness to help the company navigate the ever-evolving political landscape and identify strategic growth opportunities.
iLearningEngines is a leading cloud-based, AI-driven mission-critical training provider for enterprises. The company's AI and Learning Automation platform enables enterprises to leverage their knowledge throughout the organization. With deployments in highly regulated industries such as healthcare, education, insurance, and government, iLearningEngines has established itself as a key player in the market.
Arrowroot Acquisition Corp., formed for the purpose of business combinations, has sponsored the merger with iLearningEngines. Arrowroot Capital Management, a leading investor in enterprise software, supports Arrowroot Acquisition Corp. The Business Combination is subject to regulatory approvals, including shareholder approval.
This announcement reflects the continued growth and expansion of iLearningEngines as it strengthens its board of directors with the addition of two industry veterans. With its focus on AI-powered learning automation and information intelligence, iLearningEngines is well-equipped to meet the needs of enterprises in an increasingly digital and data-driven world.
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