Education Technology Software Developer - Progress Tracking, Portfolio Management & Online Accreditations
Business Services; Education & Government; Healthcare; Technology, Media, Telecom & Data
Client Code: BM019053
Turnover (Forecast): £1,827,000
EBITDA (Forecast): £387,000
Software allows users & institutions to track individual’s educational progress, create personalised e-portfolios & earn or distribute digital Open Badges & certificates.
Products are primarily used by education, healthcare & professional bodies.
- Three distinct apps that can be used across all sectors in the rapidly growing digitalised e-learning, skills & training markets.
- Most clients are engaged on annual contracts providing a steady stream of recurring revenue.
- Total recurring revenues currently in excess of £750k per annum & growing rapidly.
- Customers include a significant number of illustrious institutions & blue-chip clients.
- Partakes in a number of bespoke projects for leading universities & the UK government.
- Growing sales in international markets such as Australia, the USA & Singapore.
- Products particularly appeal to medical schools, acting as an influential springboard for growth across the rest of the university.
- Rapidly increased market share of UK nursing school clients from 5.6% to 27.8% & forecasts over 50% market share within next two years.
- Healthcare accounts for over 70% of revenue & Covid-19 has increased the global demand for qualified medical professionals & innovative products to streamline the training process.
- University tender wins have increased contracted university clients up by over 50% in the last 18 months this presents a global market opportunity.
- Products are popular in the university medical school market & have easily transitioned into associated markets such as nursing, midwifery & the veterinary industry, displaying potential for further growth.
- The company’s e-portfolio application recently attained its first two whole-university contracts & is being invited to tender for additional institutions.
- Open Badges delivery platform is experiencing proliferating interest. globally.