Australian edtech play Schrole Group will be placed among the market-leaders in international education recruitment after entering a strategic alliance with highly respected international schools service provider International Schools Services (ISS).
Schrole and ISS will merge their current school and candidate clients into a combined client base from September 2018, after which all services will be jointly offered under a new brand to be called ISS-Schrole Advantage.
More than 380 schools and 100,000 teachers will use the platform from September, an increase of over 150% on Schrole’s current international school client base – which the Company believes places the alliance among the market leaders in international school recruitment.
The alliance also provides significant opportunities for Schrole to cross-sell its complementary services – Schrole Verify and Schrole Cover – into all client schools.
“This is a very significant alliance for Schrole,” Schrole managing director Rob Graham said.
We are delighted to partner with ISS as they are a well-established and very highly respected partner of many international schools.
“This presents an opportunity for the both companies to significantly increase market share and take a market-leading position in the provision of education recruitment services.
“If we had done this by ourselves we would have taken much longer and would have incurred greater costs to get to the same position.
“The alliance is anticipated to offer significant revenue and cross selling opportunities. We look forward to working closely with ISS to provide an innovative solution to the problems all international schools face when hiring the best teachers.”
ISS President Liz Duffy said that based on ISC Research demand for international teachers will rise by nearly 200 per cent by 2026.
“It is now more essential than ever to ISS’s mission that we collaborate and innovate to help international education grow and thrive,” she said.
Schrole is currently developing an upgraded software-as-a-service platform that will deliver and underpin the ISS-Schrole Advantage services for schools and candidates.
The term of the alliance is five years, renewable by agreement.
Headquartered in New Jersey, ISS is a not-for-profit organisation that provides student-centred services to international schools and educators, including recruiting services and is widely recognised by international schools for its leadership in international school education.
Shares in Schrole have gained 12% or 0.2c to 1.9c at 11:30 AEST.
