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OLL, OPENLEARNING LIMITED
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post Posted: Sep 14 2021, 11:56 AM
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Adam Brino presentation from last Friday's Webinar now up.

Targeting the $7.5b online learning market

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post Posted: Sep 6 2021, 01:34 PM
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CEO Adam Brimo presenting at this Friday's (10/09/21) Hidden Gems Webinar.

Register HERE.

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nipper
post Posted: Nov 7 2020, 08:22 AM
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Transition Pathway To UNSW A Transformative Deal for OpenLearning
By James Dunn
https://www.sharecafe.com.au/2020/11/02/tra...r-openlearning/

There are companies that have suffered big blows from COVID; there are companies that have benefited from COVID; and there are companies for whom COVID has only accelerated trends in their markets that were already happening.

Edtech company OpenLearning Limited (OLL) is firmly in the latter category. OpenLearning delivers education online, and COVID meant that universities were not doing face-to-face learning – especially for their international students, who couldn't come to Australia. OpenLearning helped fill the gap – but that gap only sold the company's offering even better.

QUOTE
During COVID, most institutions have really just implemented stopgap solutions; they've just used Zoom to run virtual classes, or they've uploaded their PowerPoint slides to their learning management system that they've had for over a decade, says Adam Brimo, founder and chief executive officer at OpenLearning. But once the institutions got over that initial period where they just had to use a stopgap solution, now they are looking at how they actually deliver a much higher quality experience, and differentiate themselves from their competitors.
If everyone is just running virtual classes on Zoom and distributing PowerPoints, first of all, the students are not going to pay the same fees, and second, if the quality is low, people are not going to meet the outcomes. If you are a top university or top education provider, you are going to want to offer your students something better. OpenLearning is the 'something better', says Brimo.

The other major pivot for OpenLearning came last week, when the company announced a five year agreement with Sydney based Top 50 global university, the University of New South Wales (UNSW), to design and deliver an online pathway program for international students coming into UNSW, for the universitys global arm, UNSW Global, through its OpenLearning platform.

OpenLearning first partnered with UNSW Global in May 2020 to launch the online University English entry course: the first batch of students had high satisfaction and completion rates for the interactive ten-week course, and the university was impressed enough to extend the partnership into OLL running UNSW Global's online transition program. The first cohort of students will commence the new online Transition Program in early 2021.

The program, which will be a four month commitment by students, is based on a pre existing oncampus program: while it will offer the same learning and pathway outcomes as its face to face counterpart, the delivery style will be completely different, says Brimo.

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Our specialisation is project based social learning to encourage interaction, and we have reimagined the UNSW Transition Program along those lines. This will be the first time that our socially constructive and community driven approach will be combined with a teaching model that integrates personalised coaching in a small group, along with continuous portfolio-based assessment and interviews instead of exams, he says.

The program offers students more feedback from teachers along with a high level of peer interaction. This is a progressive shift from teacher led to student-led sessions that provides accountability for students, but even more importantly, great support, says Brimo.

OpenLearning is responsible for the design and delivery of the program, from student applications through to delivery, student support and assessment while UNSW Global is responsible for curriculum, content, marketing and quality assurance. An individual online portfolio is automatically generated to help teachers track their students' progress during the program. Brimo says this arrangement makes it possible to tailor coaching and support for every student, while monitoring academic integrity.

We think there is going to be very strong demand for this style of program even when international travel resumes, because students and their parents will be looking for a cost effective, high quality pathway that they can complete from home. And it enables them to get into one of Australia's top universities, says Brimo.

The deal is "transformative" for OpenLearning, both in terms of the additional revenue stream it provides and the nature of the work the company will undertake, Brimo says. Prior to COVID, we were solely focused on a fee-for-service model, whereby we charge for our platform and learning services. And our revenue from that model has continued to grow, but in light of the challenges posed by COVID, we began to discuss co-investment and revenue-share models with our customers, and our partnership with UNSW Global is the first significant example of this.


The revenue share model is also likely to come into play in OpenLearning's major new growth plank, its OpenCreds product, launched in July. OpenCreds enables education and training providers, companies and industry associations to create "stackable" courses that lead towards credit, which could be a formal qualification, recognition by a professional body, a component part of employer training, part of continuing professional development requirements, or simply, recreational learning.

Brimo says OpenCreds is mainly aimed at the professional development/upskilling market in its key Australian and Malaysian markets – any industry where people need to continue to upskill to stay relevant, to stay ahead of technological change and automation, or any industry where there is a high level of professional development. You're talking about technology, teacher professional development, business skills, leadership. These are markets where companies would previously have sent executives or managers to a face to face course or workshop, but now it can be done online, he says.

The company is handily cashed up, after tapping the market last month for a $5.94 million raring through a share placement that used its full 15% placement capacity (that is, without requiring shareholder approval), a deal that in the first instance will help fund the set-up of the UNSW Global program. With the existing cash balance, Brimo says OpenLearning has more than $10 million in the bank.
QUOTE
We have got a lot of growth initiatives planned, but that will definitely give us the resources to execute on those opportunities,
he says.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 7 2020, 08:13 AM
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OL Group commenced operations in Australia in 2012, with an expansion into the South East Asian market (primarily Malaysia) commencing in 2015. OL Group initially provided its platform for free to institutions and the general public and generated revenue from learning design services.


In September 2017, OL Group restructured its operations and monetisation strategy to operate as a software as a service (SaaS) business whereby it would charge annual license, support and hosting fees for its platform to education providers worldwide.

The OL Group continues to develop and operate its proprietary global cloud online learning platform (OL Platform), which enables education providers to design and deliver both accredited and non-accredited courses, micro-credentials and degrees. OL Group derives revenue through:
a) operating the OL Platform as an SaaS;
b) offering learning design services to education providers that utilise the OL Platform (Design Services); and
c) student acquisition for course delivered on the OL Platform (OL Marketplace).

OL Group has iteratively developed, deployed and tested its approach, model and technology over the past 7 years in high-income and emerging markets, with a diverse range of education providers, including top ranked universities in Australia, training providers in the United States and government departments in Malaysia.

OLL listed on the ASX during December 2019.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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