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Welcome to
the world of Faria !

School 2.0 Reimagined

CEO’s Welcome

Welcome to Faria! This October 2017, Faria celebrates its 10th year of service to the world’s leading international schools.

In the beginning, our ambition was limited to winning fifty schools – a small start for Eduvo, our portmanteau for “education revolution”. The prospect of winning 500 schools seemed beyond the limits of our imagination – yet within four short years, we crossed 1,000 schools.

Our initial belief that learning platforms would become an integral part of daily life in international schools was proven correct.

During our early years, we conducted lightning R&D, rapidly building out features and expanding the ManageBac feature-set from the IB Diploma to serve the full K-12 IB Continuum with Reporting and Attendance.

In parallel, we built a global company and team setting new standards with several “Service Firsts”:

  • 1

    Changing the practice of convoluted pricing & quotes set by our competitors, in favour of transparent haggle-free pricing

  • 2

    Providing 24-hour telephone & email support with fast-response visits and complementary training

  • 3

    Crossing below 1.5% annualised churn reflecting our strong service culture and customer success

Today, Faria is building on its Systems advantage into Content, Study, University and Summer education services to support the international student lifecycle from secondary through to university transition.

The quote by Malcom X defines our strategy, we build and invest for a better tomorrow on this basis:

“The future belongs to those who prepare for it today.”

We invite you to learn more about our Vision for International Education to see the future through our eyes.

金承德
Theodore King

What’s in a name?

Faria is named in honour of Abbe Faria in Alexandre Dumas’ The Count of Monte Cristo, who provides Dantes with an interdisciplinary education and instills in him a spirit of resourcefulness.

History

Faria was founded in 2006 to transition schools off paper onto a curriculum-focused learning platform. Today we serve over 2,400 schools and over 680,000 students in 120 countries with a distributed team of 75 spread across 7 cities.

Present

Faria Education Group was reorganised on Aug 1, 2016 to reflect our future focus as an international education service & systems company. FEG is an operating subsidiary of Faria Frontiers Ltd.

Core Management

Theodore King

Theodore King

CEO

Responsible for the overall business, strategy & planning and product design. Graduated with a B.S. in Economics from the Wharton School, University of Pennsylvania.

Oleh Khomey

Oleh Khomey

CTO

Responsible for overall system architecture, technical code quality and systems design.

Roman Marynchak

Roman Marynchak

VP Product

Responsible for overall product vision, system architecture, and systems design.

Angelica Nierras

Angelica Nierras

Managing Director

Responsible for sales, support, and marketing operations. Graduated from Harvard College with a B.A. in Social Studies.

Vladimir Raksha

Vladimir Raksha

Design Director

Responsible for overall UX & UI design across our multi-product suite. Leads our multi-disciplinary design team.

Yulian Tarantyuk

Yulian Tarantyuk

Principal Developer

Responsible for learning management system architecture, technical code quality and systems design.

Evadne Wu

Evadne Wu

Head of Exams

Responsible for Managed International Baccalaureate Services and Components.

Heryien Salim

Heryien Salim

Brand Director

Responsible for the product branding & company identity, web design and production of all marketing & communication materials.

Work with us

Caring about the right things

For most technology companies, there is a sea of noise drowning out signal: PR, fundraising and vanity metrics are often misinterpreted in place of true success metrics. Signal for us means customer success with well-designed products and a strong, effective and long-term oriented team.

We are a Thoroughbred Horse, rather than a Unicorn: Unicorns vs. Horses

3Rs: Resilience, Resourcefulness & Responsibility

These 3Rs are essential for a global software company. Although we have six main offices in Taipei, Shanghai, Hong Kong, Chicago, London, and Ivano-Frankivsk the majority of our multi-disciplinary team works remotely. Remote culture builds accountability towards results and guarantees excellence in service through 24/6 support coverage. While a diversity of nationalities and time-zone differences can create short-term challenges, we believe it provides the best long-term structure to serve customers.

Knowledge & Experience

When you join a company outside of salary & bonus remuneration, you gain experience in seeing things done both right & wrong. You see how products are shipped, how mistakes & challenges are addressed, how initiatives & new product development occurs. Over time through observation, you learn processes, systems and benchmarks for service levels & costs – collectively our way of doing things.

Historically within SaaS globally, we are in the top 1% efficiency category across annualised churn, CLTV / CAC and product ROIC with a combined ratio that has exceeded 100% on average during the past ten years.

Market Selection & Product Development Process

Certain companies are built by accident – an idea on a napkin, a nagging problem. Our process for market selection and product development is deliberate and filtered against the Faria Success Metrics inspired by SoftBank.

softbank_logo

Adapted from Softbank Masayoshi Son’s Success Factors

A: Passion We must love the business and wake up excited every day to go to work. We must believe that the passion will be there in 10-20 years.

B: Blue Ocean Wave There must be a ten-year tail wind of secular compound growth within the market and strong rational reasons supporting the market growth i.e. not growth resulting from short-term government policy or market distortions, but from healthy and sustainable development with sound logic & customer success.

C: Global Scale Leader Within ten years, there must be the potential for the company to be a global scale market leader.

D: Build & Stack There must be a natural opportunity to grow through building extensions from the core product i.e. the first product must function as the root of the tree with branches developing over time.

E: Staircase The business should have strong recurring revenue with minimal churn. It should not be possible to fall backwards over time even if growth slows, the past progress should serve as a floor.

F: Sustainable Competitive Advantage There should be a competitive advantage in the business that will increase over time e.g. limited competition, network effects, cost scale advantages, etc.

CEO’s Welcome !

Welcome to Faria! This October 2017, Faria celebrates its 10th year of service to the world’s leading international schools.

In the beginning, our ambition was limited to winning fifty schools – a small start for Eduvo, our portmanteau for “education revolution”. The prospect of winning 500 schools seemed beyond the limits of our imagination – yet within four short years, we crossed 1,000 schools.

Our initial belief that learning platforms would become an integral part of daily life in international schools was proven correct.

During our early years, we conducted lightning R&D, rapidly building out features and expanding the ManageBac feature-set from the IB Diploma to serve the full K-12 IB Continuum with Reporting and Attendance.

In parallel, we built a global company and team setting new standards with several “Service Firsts”:

  1. Changing the practice of convoluted pricing & quotes set by our competitors, in favour of transparent haggle-free pricing
  2. Providing 24-hour telephone & email support with a fast-response visits and complementary training
  3. Crossing below 1.5% annualised churn reflecting our strong service culture and customer success

Today, Faria is building on its Systems advantage into Content, Study, University and Summer education services to support the international student lifecycle from secondary through to university transition.

The quote by Malcom X defines our strategy, we build and invest for a better tomorrow on this basis:

“The future belongs to those who prepare for it today.”

We invite you to learn more about our Vision for International Education to see the future through our eyes.

金承德

Theodore King

Integrated Information Systems
for International Education

IS 664562.

Hong Kong Office
Unit 1502, 15th Floor,
99 Hennessy Road, Wanchai,
Hong Kong

Americas Office
350 N Orleans St #9000n
Chicago, IL 60654
U.S.A.

 

Taipei Branch Office
6F.-1, No.263
Section 1, Dunhua S. Road
Da’an District, Taipei City 10689
Taiwan

 

Faria Education Group is supported by a global team of 75 in 7 cities.
© 2017 Faria Education Group Limited. All Rights Reserved.

Faria Education Group is a leader in international education systems & services.