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Schrole Group (ASX:SCL) signs $100K diploma contract with school in Vietnam

Education
ASX:SCL      MCAP $7.550M
11 March 2021 10:10 (AEST)
Schrole Group (ASX:SCL) - Managing Director, Rob Graham

Source: Business News

Schrole Group (SCL) has signed a new $100,000 contract with the International School of Ho Chi Minh City (ISHCMC) in Vietnam, to deliver Schrole Develop’s Diploma of Leadership and Management.

The group is a provider of global software-as-a-service (SaaS) and training solutions for teachers and educational institutions.

The Diploma of Leadership and Management program will be delivered to the school as an online service utilising Schrole Develop’s learning management system.

According to Schrole, the diploma is globally scalable, and the course content is contextualised for teachers in international schools.

Managing Director Rob Graham commented on the partnership.

“It is very pleasing to have signed this contract with ISHCMC. The program has had enthusiastic take up by teachers, and our contextualised program will help develop well trained leaders who can assist with the ongoing development of the school.”

“The delivery of professional development services into international schools is part of Schrole’s strategy to provide a range of HR services to schools including an extended suite of SaaS modules and additional high value services such as professional development and training,” he continued.

As ISHCMC is part of the global Cognita Group of 82 schools, Schrole believes the contract could provide significant potential for further sales.

The company mission is to become the world’s leading two-sided online marketplace for teachers and educational institutions.

Consequently, the company has planned a sales and marketing drive for the second half of this year with the hopes it will provide growth to its four products — Advantage, Verify, Cover and Develop — in the international education sector.

Furthermore, Schrole has commenced discussions to introduce the products to Cognita’s 7500 employees within 82 schools in Europe, Latin America, the Middle East and Asia.

Schrole shares last traded in the green, up 7.14 per cent for 1.5 cents each.

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