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PSG-linked merger to boost tech-based learning in SA

PSG-linked merger to boost tech-based learning in SA SA's FutureLearn and ITSI, which both fall within the PSG Group, have concluded a merger on 1 April 2019.

According to a joint statement from the companies, FutureLearn provides accessible education solutions to schools, tutors, parents and learners. It is known for brands that include home education provider Impaq as well as adult education and training provider Media Works.

Learning software specialists CAMI, examination preparation workbooks provider Quanta and on-demand tutoring service Tuta-Me are also part of the FutureLearn Group.

Within the schools market, FutureLearn also provides teacher and learner solutions through Teach360.

EdTech company ITSI delivers school curricula digitally by transforming printed textbooks into interactive platforms for mobile, desktop and tablet devices.

ITSI has recently further branched out to provide e-learning solutions to tertiary institutions and individuals.

In addition to South Africa, ITSI's offerings are also available in Namibia and the UK.

Before the merger, both FutureLearn and ITSI operated as separate businesses within the PSG Group's new investment arm PSG Alpha. However, FutureLearn and ITSI will now function as a combined unit.

FutureLearn sees the merger as augmenting its integrated learning ecosystems and boosting individualised guided learning.

PSG-linked merger to boost tech-based learning in SA Stefan Botha, CEO of FutureLearn, said: "We have identified exciting synergies between the two companies. ITSI's innovative use of technology enables us to expand on our current offering to learners, teachers, corporate clients, parents and tutors."

Botha added: "With this merger, we aim to provide truly accessible learning to learners in any environment and at any stage of their lives. We believe that we are creating a unique learning ecosystem where any learner will have access to quality, personalised education."

PSG-linked merger to boost tech-based learning in SA

Lieb Liebenberg, CEO of ITSI, said: "The merger with FutureLearn will enable us to expand into new markets and better serve specific customer needs through a more comprehensive portfolio of products."

Nico de Waal, CEO of PSG Alpha, said: "FutureLearn's vision is to provide accessible guided learning at scale. We believe that by joining forces with ITSI, we will be able to make a bigger positive impact in helping solve the challenges around education in South Africa. The two businesses have complementary technology and we believe all clients will benefit through the joint-effort going forward."


PSG-linked merger to boost tech-based learning in SA Published on 09 April 2019

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