Australian-listed education technology company Schrole Group has entered into a binding term sheet ahead of an agreement with International School Services (ISS) to provide a comprehensive recruitment service for international schools under the brand ISS-Schrole Advantage.
Under a final agreement Schrole (ASX:SCL) and ISS will merge their current school and candidate clients into a combined client base from September 2018.
After the merge, all services will be jointly offered under the brand ISS-Schrole Advantage through a new wholly-owned subsidiary of Schrole Group.
ISS is a US-based not-for-profit organisation that provides a range of services, including comprehensive recruitment solutions, to international schools and educators globally.
{loadposition peter}The two companies say that from commencement the alliance will service more than 380 schools and 100,000 teachers on the merged ISS-Schrole Advantage platform, an increase of over 150% on Schrole’s current international school client base - placing it amongst the market leaders in international school recruitment.
Development is underway by Schrole on an upgraded software-as-a-service platform that aims to deliver and underpin the ISS-Schrole Advantage services for schools and candidates.
The alliance is designed to enhance Schrole’s international client profile, dramatically increasing the number of international schools using the Schrole SaaS platform, broaden Schrole’s service offering and provide major opportunities to cross-sell Schrole Verify and Schrole Cover into all client schools.