University students in Singapore will soon be completing exam assessments online with Australian tech company Janison Education (ASX: JAN) having commissioned its online testing platform for the Institute of Technical Education (ITE).
The project was initially conceived in August 2016 when Janison partnered with S&I Systems and were awarded the contract by the Singapore ITE to develop a highly scalable, customisable assessment system for the Higher Education market.
The platform was developed into four subsystems which address assessment authoring, delivery, marking and personnel with testing of the systems having been vigorously undertaken since June 2018 where approximately 40,000 students sat digital exams.
Key to the platform is its security and integration capabilities which enabled the platform to be tested across more than 100 different education courses and hundreds of different modules.
Having reached the commissioning stage, Janison has triggered three payment milestones which will deliver the company $1.1 million, but more importantly it will open up opportunities to expand the use of their platform.
With the backing of ITE, Janison can assist other institutions to transition away from paper-based tests with the confidence of their highly secure platform which can be scaled to handle millions of students.
The commissioning of their new platform follows a bevy of corporate activity where the Janison team have significantly expanded their international footprint which included a new 2-year partnership with Benesse (TYO: 9783), Japan’s largest educational company and the third largest publisher in the world.
The Benesse partnership, announced yesterday, is expected to deliver Janison $100,000 per annum in SaaS revenue and follows similar agreements signed in Portugal and Pakistan earlier in the year.
This increased marketing activity by Janison comes at an opportune time as Universities around the world prepare for ongoing disruptions from the coronavirus pandemic which could see education delivered digitally for an extended period.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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