29th Dec 2020 14:34
Tribal Group PLC - Bristol-based education services firm - Signs eight-year contract worth up to GBP16.9 million with Nanyang Technological University in Singapore for its cloud-based SITS:Vision Student Management System and next-generation Tribal Edge products. Says the contract will increase annual recurring revenue by approximately GBP1.2m per year, with implementation beginning in the first quarter of 2021.
"Not only is this a strategically significant win; confirming the validity of our cloud transition strategy and our market leading position in South East Asia, but it is also the largest SITS contract secured in the history of the group. South East Asia presents an exciting area of future growth for Tribal and with our presence already established in the region, we look forward to building on this win in the years ahead," says Chief Executive Mark Pickett.
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By Zoe Wickens; [email protected]
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