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OpenLearning Ltd. ( (AU:OLL) ) has provided an update.
OpenLearning Limited has signed a significant three-year SaaS agreement with CE-Logic Inc., a leader in educational publishing in the Philippines, to provide its AI-powered learning management system to a minimum of 3,000 students in the first year and 20,000 students in the subsequent years. This agreement, valued at approximately A$495,000, strengthens OpenLearning’s presence in the Philippines and is part of a series of recent agreements that demonstrate the company’s growing traction and potential for further revenue based on usage, positioning it well to support the digital transformation of education in the region.
More about OpenLearning Ltd.
OpenLearning is an AI-powered learning management system that offers a comprehensive suite of tools for online learning, course creation, and delivery. It serves educational institutions, corporations, and governments, partnering with over 250 leading education providers to deliver thousands of courses to more than 5 million learners. The company holds a strong position in the Australian and Malaysian higher education sectors and is expanding its presence in the Philippines, Indonesia, and India.
Average Trading Volume: 256,896
Technical Sentiment Signal: Sell
Current Market Cap: A$5.79M
For a thorough assessment of OLL stock, go to TipRanks’ Stock Analysis page.