Schrole signs five-year supply agreement

Education technology company Schrole Group has signed a sales agreement with US-based not for profit International School Service (ISS) for the next five years.

Schrole runs an online software platform that allows international schools to streamline teacher recruitment and candidate management activities.

The product, known as Schrole Connect, will be renamed ISS-Schrole Advantage for the international market.

Under the agreement, all ISS-Schrole Advantage services will be sold to clients through a wholly-owned subsidiary of Schrole, with revenue shared on a 50-50 basis between the two companies.

The agreement has an initial five-year term, with an option for a five-year extension.

Through the alliance agreement, both parties will market the ISS-Schrole Advantage product.

Schrole managing director Rob Graham said the agreement cemented the partnership between the two companies.

“The alliance is enabling us to collectively fast-track our growth in the international schools sector and will add hundreds of new international school clients, dramatically improving our market position,” he said.

“The launch of the new ISS-Schrole Advantage platform will transform our international school clients’ experience in recruiting staff.

“The enhanced product offering of the ISS-Schrole alliance has already generated first revenues from Schrole clients, demonstrating the strong market appeal of the alliance and further validating its strategic benefits.”

Shares in Schrole finished down 6.25 per cent at 1.5 cents each today.