OpenLearning Limited (ASX:OLL) Signs A$155,000 SaaS Agreement with Education Centre of Australia
New SaaS Agreement
OpenLearning Limited (ASX:OLL) has signed a five-year, usage-based software as a service (SaaS) agreement with Education Centre of Australia Pty Ltd (ECA). The contract secures a minimum of 2,500 students per year, totaling at least A$155,000 over the term, with possibilities for additional revenue based on usage.
Strategic Partnership
After evaluating several learning management systems, ECA chose OpenLearning for its scalability, AI innovations, and robust examinations and outcome-based assessment features. ECA will implement OpenLearning across its ELSIS English language college, ECA College vocational training, and ECA Professional Year IT graduate programs.
Executive Comments
Sharon Oh, ELSIS & ECA College General Manager, stated, “We’re excited to collaborate with OpenLearning to elevate the online learning experience at ECA College. The platform’s innovative assessment and examination tools, along with the student portfolio feature, particularly stand out. These capabilities will empower our students to seamlessly transition their academic projects into real world workplace applications.”
Luciano D’Ambrosi, ECA Professional Year General Manager, commented: “ECA Professional Year is delighted to partner with OpenLearning, an enterprising way forward in how we engage and empower our students in the one-year job readiness program. Our syllabus will be delivered on the OpenLearning platform, an interactive space that goes beyond traditional content delivery to one promoting more active learning and real world application. The platform assists our trainers to connect with our learners so that understanding becomes an enjoyable process focusing on creating, participating and reflecting. Students benefit from the tools to collaborate and build career ready skills, to an easy access to mentor support. We believe learning should not only inform, but it should also inspire. This alliance with OpenLearning is an important milestone in ECA Professional Year redefining how we continue to evolve to deliver a peerless experience for our community of students, to gain the skills and confidence to thrive as the agile IT managers of the future in Australia’s tech sector.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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