BOSTON, October 18, 2016 /PRNewswire/ --
examPAL, the visionary online test-prep company, today announced the launch of its newly developed online GMAT course.
For the first time, GMAT students can benefit from an innovative test-prep SaaS (Software as a Service) that uses artificial intelligence to study the way they think, and provide personalized solutions based on their specific strengths and weaknesses.
examPAL is backed by two prominent industry veterans, Arad Nave and Markus Hager; the latter is known for his other early-stage investments, which became giants, such as Uber, Reddit, and Instacart.
examPAL developed a unique 'PALgorithm' system that uses a complex algorithm to "learn" students' answering patterns on various types of psychometric questions (as most questions can be solved in several different ways). The system then searches its database and suggests the fastest way to reach a solution, based on both the wisdom of the crowd - solutions that proved to be the fastest - and each student's individual strengths and weaknesses. As a result, students learn to recognize their own individual way to solve each question type as quickly as possible.
examPAL's training is highly professional, yet affordable. To make the content more engaging, the course is presented in a gamified way, never before seen in the test-prep industry.
Unlike other solutions that are based on the "one size fits all" principle, examPAL's offering leverages technology and personalization to help users maximize prep time and budget. Now, with examPAL's first course, MBA applicants can finally get the GMAT score that they need in order to attend the business school of their choice.
For most students, private tutors are not an option: they are too expensive. Moreover, private tutors cannot provide constant monitoring or support. examPAL's unique method enables students to enjoy a 'private-lesson- like' experience that is extensive, affordable and flexible - to be trained at their own convenience.
"We understand that students' preparation time is critical, and the effort should be maximized for best results," says Oren Jackman, examPAL co-founder and CEO. "Our mission is to disrupt the test-prep industry with an adaptive, customized and ultra-personalized online learning experience. We decided to leverage our unique professional knowledge, accumulated over the past 20 years, and our know-how of the way admission tests work and what is needed to answer every question quickly. We think this kind of training should be accessible to all students around the world - and this is examPAL," adds Jackman.
The examPAL GMAT training can be experienced via a free trial. It offers an unparalleled 70-point success guarantee and free cancellation for 30 days. The complete course is available in four different packages, ranging from $220 to $799. The most popular $400 Premium Package includes all sections of the test, essay reviews, and real, official computer-adaptive exams (thanks to collaboration with GMACⓇ , the creators of the GMAT).
examPAL is currently expanding its development in the rapidly growing test-prep market (from $50 billion in 2012 to an estimated $100 billion in 2017). examPAL's new products for domestic and international markets will help it reach over 20 million potential users worldwide and already has clients from 15 countries, such as: US, UK, China, India, Japan, Brazil, Greece, S. Africa, and even Saudi Arabia.
Started in 2015, examPAL is a joint creation of over 50 talented people from various industries and professions: from teachers and designers, through data scientists and programmers. The company is backed by private investors known for investing in dozens of startups worldwide.
Aiming to transform the way students prepare for admission tests, examPAL developed a test-prep SaaS, which uses a unique training technology called 'PAL', based on artificial intelligence and a complex algorithm. examPAL started off with the GMAT and is currently developing innovative online training courseware for additional exams.
With 20 years' experience in the test-prep industry and SaaS development, examPAL's founders examined the online field and realized that no other course currently offers the kind of interactive, entertaining, personalized experience that one would expect from the online education industry, which became the main incentive in establishing examPAL.
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Oren Jackman, examPAL CEO , +972-547233858