OpenLearning Secures Five-Year SaaS Agreement with CIT University

OpenLearning Limited (ASX: OLL) has signed a five-year usage-based SaaS agreement with Cebu Institute of Technology University (CIT) in the Philippines. Effective 12 August 2025, the deal covers a minimum of 20,000 students annually across all faculties, with total contracted fees of approximately AU$340,000 (US$221,000) and potential for additional revenue based on usage. CIT, a top-ranked private university with national recognition in engineering, IT, and other disciplines, selected OpenLearning after assessing multiple LMS providers.

The partnership strengthens OpenLearning’s footprint in Southeast Asia and supports its mission to enhance student engagement, graduate employability, and institutional efficiency through outcome-based education tools, ePortfolios, and generative AI-driven course design. CEO Adam Brimo highlighted the alignment between CIT’s innovation focus and OpenLearning’s technology, noting the collaboration aims to deliver scalable, industry-relevant education. While the financial impact is modest, the agreement is strategically significant given CIT’s reputation and full-scale adoption of the platform.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com