• OpenLearning acquires Employability Advantage, a leading provider of digital work-readiness content and experiential learning programs
• Employability Advantage's resources, bootcamps, and workplace simulation projects will be delivered through OpenLearning's learning management system
• Acquisition expands OpenLearning's range of high-quality digital content and services available in its marketplace

OpenLearning Limited (ASX: OLL), the AI-powered learning management system, has announced that it has entered into an agreement with Education Centre of Australia Pty Ltd (ECA Group) to acquire the Employability Advantage business, a leading provider of digital work-readiness content and experiential learning programs, and associated assets. Employability Advantage provides a suite of work-readiness tools under the Upskill brand, including skills diagnostics, resume generators, interview simulators, and short courses focused on career preparation. These resources, along with live bootcamps and workplace simulation projects, are designed to complement and enhance formal education and will now be delivered through OpenLearning. Loren D'Souza, Head of Operations of Employability Advantage, will become an employee of OpenLearning as a condition of the acquisition. OpenLearning CEO Adam Brimo stated that the acquisition will expand the range of high-quality digital content and services that will be delivered through OpenLearning and available in its marketplace, and that by delivering Employability Advantage's programs on OpenLearning's LMS, the company can demonstrate new use cases for its customers and support institutions in preparing learners for the workforce through scalable, engaging, and outcome-focused online experiences. The acquisition is from ECA Group, which holds 100% of the issued capital in ECA Investments Group Pty Ltd, a substantial (10%+) shareholder in OpenLearning with a nominee director on the board. OpenLearning has been granted a waiver from ASX Listing Rule 10.1 to permit the acquisition without obtaining shareholder approval.

OpenLearning intends to engage with past clients of Employability Advantage to offer them relevant services on either a recurring revenue model (e.g. Software as a Service) or fee-for-service basis. Employability Advantage's education offering, including its Bootcamps and work-readiness programs, will be delivered through the OpenLearning platform, further demonstrating the flexibility and scalability of OpenLearning's SaaS-based learning management system for delivering a broad range of learning experiences.