OpenLearning signs A$150,000 SaaS deal with Philippines college
Key points
- 5-year usage-based SaaS agreement with Systems Plus College Foundation
- Minimum 10,000 students per year, potential for additional revenue
- Strengthens OpenLearning's position in the Philippines education market
Full summary
OpenLearning Limited (ASX: OLL) has announced that it has signed a 5-year usage-based software-as-a-service (SaaS) agreement with Systems Plus College Foundation (SPCF), a comprehensive education provider in the Philippines. Under the agreement, SPCF will utilize OpenLearning's AI-powered learning management system (LMS) across all of its institutions from grade school through to college. The total minimum contracted SaaS fees over the 5-year period are circa A$150,000 (US$100,000), with the potential for additional revenue based on usage. SPCF selected OpenLearning after evaluating multiple LMS platforms, and the agreement strengthens OpenLearning's position as a leading AI-powered LMS in the Philippines. OpenLearning's platform combines social and project-based learning with AI-assisted course design and facilitation, enabling institutions to rapidly develop high-quality online and blended programs while improving learner engagement and retention.
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