OpenLearning secures $1.8M SaaS agreement
- OpenLearning signed a five-year Software-as-a-Service agreement with one of the largest private education institutions in the Philippines.
- The contract guarantees a minimum total value of US$1.8 million over its five-year term.
- Platform SaaS fees are set based on enrolled student numbers to expand the company's multi-year institutional LMS footprint.
OpenLearning (ASX:OLL) secured a five-year cloud-hosted learning management system agreement valued at a minimum of $1.8 million with a major private education institution in the Philippines.
The transaction represents the company's largest LMS contract signed in the Philippines to date as it transitions towards larger multi-year institutional deals.
“This is the largest LMS agreement we have signed in the Philippines and reflects the growing appeal of OpenLearning's platform to the country's leading institutions,” said OpenLearning Group CEO & Managing Director Adam Brimo.
Under the terms starting July 1, 2027, the platform software fees are calculated per enrolled student and include generative AI assistants, outcome assessments, learner portfolios, employability tools, administrator training, and ongoing technical support.
The new deal extends the provider's operational reach across southeast Asia, where the regional education sector contains nearly 2,000 higher education institutions.
Following the announcement, the OpenLearning share price was unchanged at $0.015.
The contract adds to a series of 2026 Philippine educational agreements, following previous software adoptions by Philippine Normal University, Holy Cross of Davao College, Jose Rizal University, and Good Samaritan College.
The company stated that its platform feature suite aims to target growing institutional demand for outcomes-based learning models and generative AI classroom tools across regional markets.
