OpenLearning Limited (ASX:OLL) Signs SaaS Agreement with University of the Philippines Manila
Strategic Agreement
OpenLearning Limited (ASX:OLL) has signed a usage-based software-as-a-service (SaaS) agreement with the University of the Philippines Manila (UP Manila), the highest-ranked university in the Philippines, to utilise its AI-powered learning management system (LMS). The agreement encompasses a minimum of 10,000 students for an initial term of one year, with an annual fee of A$30,000 and potential renewal for up to five years.
Operational Expansion
This marks OpenLearning’s first SaaS agreement with a public university in the Philippines, entering the country’s extensive public higher education sector. The University of the Philippines system includes eight constituent universities and over 60,000 students nationwide. The sector, comprising more than 233 public universities and colleges serving approximately 1.64 million students, presents significant opportunities for OpenLearning as demand for digital learning platforms grows.
Executive Comments
Adam Brimo, CEO & Managing Director of OpenLearning, stated, “We are honoured to partner with the University of the Philippines Manila, the nation’s top-ranked university and one of the most influential institutions in the country. This agreement demonstrates the growing recognition of OpenLearning’s AI-powered LMS as the platform of choice for delivering high-quality micro-credentials and lifelong learning programs. Signing our first public university in the Philippines represents an important milestone as we expand into the country’s large and strategically significant public higher education market. We are grateful for the trust and support of UP Manila in selecting OpenLearning as their platform.”
Motley Fool contributor Kiarra Jackson 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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