Tribal Group acquires Human Edge Software Corporation in Australia

tribalTribal Group, a provider of technology enabled management solutions to the international education, learning and training markets, has acquired Human Edge Software Corporation Pty Ltd, a provider of student management systems primarily to the Australian schools market.

Human Edge is headquartered in Melbourne, Australia, with a software development centre based in Manila, Philippines. Human Edge systems support approximately 1,900 schools and education management organisations throughout Australia and South East Asia.

The Human Edge installed customer base is predominantly in non-state operated Catholic and private schools in New South Wales and Victoria. This is highly complementary to the New South Wales state school network across which Tribal’s software is currently being deployed through the New South Wales Student Administration and Learning Management (SALM) programme. Following completion of the SALM programme, Tribal expects to be providing student management systems to over 25% of schools across Australia.

The acquisition is expected to be earnings accretive in its first full year in the Tribal Group. Total consideration for the entire share capital of Human Edge on a debt-free/cash-free basis will be A$15.23 million, satisfied in cash.

The unaudited revenue and normalised operating profit of Human Edge for the year ended 30 June 2013 was A$7.3m and A$2.0m respectively and the value of gross assets at that date was A$13.0m.

Keith Evans, Chief Executive of Tribal, commented: “Our strategic focus is to deliver technology-based systems and solutions which support management teams across education institutions. Bringing together Human Edge with our work for the New South Wales SALM programme establishes Tribal as a leading provider of schools management solutions in Australia and enhances our existing global credentials in schools student management systems.”

UK, Bristol & Australia, Melbourne