Tribal Group plc, a provider of software and services for education management, has acquired Callista Software Services Pty Ltd, a provider of student management systems to the Australian university market for AUD 3.4 million.
Callista, which is based in Geelong and Melbourne, Australia, provides its software to a quarter of all Australian universities. Its unaudited revenue for the year ended 31 December 2014 was AUD 15.9 million, and operating profit was AUD 1.6 million. The value of gross assets at 31 December 2014 was AUD 14.1 million. Tribal will pay a total consideration of AUD 3.6 million in cash in equal instalments over a three year period.
Keith Evans, Chief Executive of Tribal, commented: “This transaction continues Tribal’s development in Australia, and allows us swiftly to offer our proven university software capabilities to an increased number of new customers across Australia. Following our acquisition of Sky Software and Human Edge in 2014, and our recently announced contract wins in Queensland and Tasmania, Tribal is now a leading student management software provider to each of the university, college and schools markets in Australia.“
UK, Bristol & Australia, Geelong, Victoria
Related articles:
- Tribal Group acquires Human Edge Software Corporation in Australia Posted on June 2, 2014
- Update: Tribal Group acquires International Graduate Insight Group Posted on January 5, 2013
- Tribal Group acquires International Graduate Insight Group Posted on December 21, 2012
Fusion Corporate Partners 
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