Field Ready Signs $372k SaaS LMS and Partnership Agreement
| Stock | Openlearning Ltd (OLL.ASX) |
|---|---|
| Release Time | 24 Nov 2025, 9:30 a.m. |
| Price Sensitive | Yes |
OpenLearning Signs $372k SaaS LMS and Partnership Deal
- 3-year SaaS agreement with Field Ready to deliver programs to 20,000+ students per year
- Referral partner agreement to expand OpenLearning's reach in Africa
- Enables revenue upside through course marketplace distribution
OpenLearning Limited (ASX: OLL) has signed a three-year Software-as-a-Service (SaaS) agreement and a referral partner agreement with Field Ready SSA Ltd ('Field Ready'), a pioneering organisation delivering large-scale employability skills development programs across Africa. Under the SaaS agreement, Field Ready will deliver its core programs via OpenLearning's AI-powered learning management system (LMS) for a minimum of 20,000 students per year, with a total minimum contracted SaaS fees of circa A$372,000 (US$240,000) over the 3-year period. Field Ready has elected to migrate from its incumbent LMS provider to OpenLearning due to the platform's generative AI capabilities, scalability, and flexibility. In addition to the SaaS agreement, Field Ready has signed a referral partner agreement to introduce OpenLearning to African universities within its network, enabling OpenLearning to expand into Africa without establishing local operations. Through this agreement, Field Ready will promote short courses, micro-credentials, and pathway programs available on OpenLearning, earning commissions on enrolments. This model positions the LMS as the foundation of a multi-sided education marketplace, where institutions, training providers, industry, and learners all benefit from shared value creation. The agreements demonstrate OpenLearning's ability to win enterprise customers from incumbent LMS providers, create a scalable and repeatable international expansion model, and enhance its multi-sided marketplace.
The SaaS agreement with Field Ready has a minimum value of US$240,000 over three years for at least 20,000 learners per year.
The referral partner agreement with Field Ready could generate additional revenue beyond the SaaS fees, as Field Ready promotes courses from OpenLearning's global university partners to its students.