Ed-tech play Schrole Group has launched its new international school recruitment platform ISS-Schrole Advantage, already locking in US$600,000 in revenue from school contract renewals and new school sales for September.
The new platform – which is expected to reshape international school recruitment – has been developed by Schrole in collaboration with International Schools Services (ISS) as part of the alliance agreement between the two companies.
In step with the launch of the ISS-Schrole Advantage platform, ISS-Schrole Advantage has commenced invoicing clients for annual software licence renewals that are falling due in the month of September 2018.
For the current month to date, ISS-Schrole Advantage has issued annual renewal invoices for 39 existing ISS & Schrole international school clients and 14 sales to new schools worth a combined value of US$600,000.
An advanced cloud-based solution for international school staff recruitment, ISS-Schrole Advantage represents a major upgrade on the previous Schrole Connect platform and will transform international school clients’ experience in recruiting teachers and other staff.
As part of the launch, the combined existing ISS/Schrole client base of over 380 international school clients and over 72,000 teacher candidates has been migrated across to the ISS-Schrole Advantage platform, placing the ISS-Schrole Advantage firmly among the market leaders for international school recruitment.
The launch of ISS-Schrole Advantage is a pivotal event for both Schrole and ISS, representing the culmination of more than six months dedicated collaboration by both organisations. The new Advantage platform puts us at the forefront of a fundamental reshaping of the international school recruitment market,” Schrole’s Managing Director Mr Rob Graham said.
“Advantage sets a new industry standard and dramatically enhances the way both schools and candidates interact to find the best matches. This had been achieved by way of online portals, an upgraded candidate management system, a complete rewrite of confidential references covering all aspects of employee competency across a wide range of occupations, sophisticated candidate search and matching algorithms, international school fairs registrations, and virtual events.
Mr Graham said the product roadmap for Advantage going forward would provide further enhancements to the school and candidate experience that would be rolled out in an agile and responsive way over coming months.
“The early strength of our sales to new schools, as well as the high proportion of schools opting for the Premier subscription, underlines the market appeal of the Advantage product suite and the strategic value of the Alliance,” he said.
Under the terms of the Agreement, the net revenue of ISS-Schrole Advantage Pty Ltd will be shared 50:50 by Schrole and ISS, subject to a transitional arrangement aimed at maintaining each party’s current revenue base at a minimum.
Further underlining the value of the Alliance, over 80% of schools that have subscribed to the ISS Schrole Advantage platform in the month to date have opted for the Premier subscription package, which allows those schools to attend ISS-run international school recruitment fairs.
Shares in Schrole remain at 1.4c on Thursday trading.