IODM's Expansion in the UK Education Sector

IODM Limited (ASX: $IOD) has successfully implemented four additional UK universities from 1st July 2024, marking the commencement of revenue generation under the new Convera commercial agreement. With a total of nine universities now implemented in the UK, IODM's cloud-based accounts receivable software solution continues to gain traction in the education sector.

Executive Commentary on UK University Implementations

It is pleasing to see the continued take up by universities in the UK of the IODM solution. This, in conjunction with the growing pipeline, is clear evidence that the combined IODM/Convera solution is achieving positive results for all stakeholders. It is also promising to see the UK team undertaking joint-proposals with Convera to win new business. I believe this speaks to the strength of our software solution and the market opportunity we have before us. I look forward to updating the market on further implementations from the growing pipeline.

Summary of IODM's Expansion and Outlook

IODM Limited (ASX: $IOD) has successfully expanded its presence in the UK education sector by implementing four additional universities, bringing the total to nine. The new Convera commercial agreement allows IODM to earn 30% of Convera's revenue from these new universities, demonstrating a positive revenue outlook. The CEO, Mark Reilly, expressed satisfaction with the uptake of the IODM solution and highlighted the strength of the joint IODM/Convera offering. With a growing pipeline and joint-proposals with Convera, IODM is optimistic about further implementations and the market opportunity ahead.