San Diego based E-Learning Mind said it was acquired by Capas Inc., a Detroit-based private equity investment firm.

Founded in 2008, E-Learning Mind provides corporate learning solutions for such purposes as sales training, product knowledge, customer service and compliance training to Fortune 100 corporations including Citigroup and Nestle, the company said.

As a result of the acquisition, the company is being led by two Capas executives, Andrew Fayad as CEO and Simon Casuto as president and managing partner, the company said.

Fayad and Casuto were colleagues at S&P Capital IQ. Fayad also led the corporate member development effort at Axial Inc., an online network for private market transactions founded in New York.

“Corporate learning represents a $56.2 billion global industry,” Fayad said. “E-Learning Mind is a prime player with strong talent, top tier clients, and scientific approach to technology powered learning.”

— SDBJ Staff Report