OpenLearning's Acquisition of Online Higher Education Marketplaces

OpenLearning Limited (ASX: $OLL) has successfully completed the acquisition of three prominent Australian online higher education marketplaces, namely PostGradAustralia.com.au, TheUniGuide.com.au, and StudyNewZealand.nz. These marketplaces attract over 800,000 users annually and list more than 15,000 courses and degrees from 70 institutions. The acquisition is aligned with OpenLearning's strategic goals of enhancing student acquisition and creating cross-selling opportunities.

Executive Commentary on the Acquisition

OpenLearning Group CEO & Managing Director Adam Brimo expressed, 'This acquisition marks a pivotal moment in OpenLearning's journey. Integrating these marketplaces into our portfolio not only broadens our reach but also deepens our impact by providing an enriched platform for education providers to connect with students worldwide. We are grateful for the support from the Prosple team throughout this process and look forward to driving the growth and success of these marketplaces.'

Summary of OpenLearning's Acquisition and Outlook

OpenLearning (ASX: $OLL) has successfully acquired three leading Australian online higher education marketplaces, aiming to expand its footprint in the higher education sector. The acquisition is strategically aligned with OpenLearning's goals, providing complementary products, facilitating cross-selling opportunities, and being value-accretive with minimal additional investment required for future growth. The company has already received interest from universities and higher education providers to utilize the marketplaces for student acquisition. OpenLearning's CEO, Adam Brimo, emphasized the significance of this acquisition in broadening the company's reach and deepening its impact. With a growing presence in multiple countries, OpenLearning is revolutionizing the way education is accessed and delivered globally, positioning itself as a trusted partner to leading education providers.