Covid upended educational institutions, forcing them to go digital and encourage remote learning. Now, online learning is on its way to becoming the norm, and companies like edutech provider Janison Education (ASX: JAN) are making the most of it. The Company has signed a deal with Cambridge University Press and Assessment wherein Janison will provide its digital assessment technology and event support services to help Cambridge develop and deliver a range of existing and new assessment products globally.
The deal, valued at approximately $1 million, was signed with Cambridge’s global headquarters in the UK. It is a three-year umbrella agreement based on minimum assessment volumes, and it will see the two companies introduce more digital assessments over the upcoming years.
This is not the first time that the two companies are coming together. In FY21, the Janison and Cambridge teamed up to deliver the Selective Schools and Opportunity Class entrance examinations for the NSW Department of Education. Following that, in Q4 FY22, the partnership was extended to implement the Cambridge Boxhill Language Assessment (“Occupational English Test”, the English language testing for healthcare professionals).
Now, the two are teaming up to launch more products. The Company expects to launch the first batch of new products in the UK and Europe in the second half of FY23. Given their various collaborations, the two believe that this partnership could position Cambridge as Janison’s largest global enterprise customer.
As per this agreement, Janison will implement its digital assessment platform, Janison Insights, which allows organisations to create tests, mark them and more using the platform’s cloud technology. The Company will also leverage its existing Microsoft Azure UK cloud deployment to support this new growth phase and enable Cambridge to take its assessment products to market, quickly and easily.
Janison’s UK-based Chief Academic Officer, Sara Ratner, will lead the expansion of the team to support this partnership. This team will support Janison’s existing European-based partnerships, such as the OECD, and now Cambridge University Press & Assessment.
Besides these, in May 2020, when the pandemic was just beginning, Janison signed a two-year deal worth approximately $650,000 with the University of London to help deliver online exams. Though Europe accounts for only 8% of Janison’s customer base, the Australian company has managed to align with some of the most coveted institutions in the region.
Current trends reveal that the online learning model is here to stay, even if in a hybrid format. Covid bolstered the growth of EduTech platforms, including Janison, whose revenue increased over 20% in FY22 to $36 million.
Alinda is a Business Reporter for The Sentiment
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