Sydney-based OpenLearning (ASX: OLL) is acquiring three online higher-education marketplaces that together support 800,000 users and are expected to be earnings positive for the group. OpenLearning, which operates an AI powered Software-as-a-Service (SaaS) platform, is buying the marketplaces from Prosple for $300,000 in a capital-light deal that the edtech says will increase its product offering and boost its subscriber base. Prosple, formerly known as GradAustralia, helps university students find a job after graduation. The websites acquired by OpenLearning - PostGradAustralia.com.au, TheUniGuide.com.au and StudyNewZealand.nz - have been key product offerings for Prosple since the company was launched in 2015. However, Prosple is selling them to focus on its fast-growing internship and graduate portal. "We are excited about the opportunity to acquire these value-accretive online higher education marketplaces,” says OpenLearning CEO Adam Brimo.
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