The OL Group continues to develop and operate its proprietary global cloud online learning platform (OL Platform), which enables education providers to design and deliver both accredited and non-accredited courses, micro-credentials and degrees. OL Group derives revenue through:
(a) operating the OL Platform as an SaaS;
(b) offering learning design services to education providers that utilise the OL Platform (Design Services); and
(c) student acquisition for course delivered on the OL Platform (OL Marketplace).
OL Group has iteratively developed, deployed and tested its approach, model and technology over the past 7 years in high-income and emerging markets, with a diverse range of education providers, including top-ranked universities in Australia, training providers in the United States and government departments in Malaysia.
It is anticipated that OLL will list on the ASX during December 2019.