UniServity reports strong growth and 12% increase in pre-tax profits
UniServity is reporting strong continued growth with turnover up from £3.1 to £3.2m and pre-tax profits up 12 percent from £598,631 in 2010 to £664,444 in the financial year ending 31st July 2011.
- (1888PressRelease) December 03, 2011 - UniServity (www.uniservity.com), developer of Life, the fourth generation cloud-based learning platform adopted globally across the education sector, is reporting strong continued growth with turnover up from £3.1 to £3.2m and pre-tax profits up 12 percent from £598,631 in 2010 to £664,444 in the financial year ending 31st July 2011. Costs are down 1 percent and significant investment has been made in the business to ensure strong continued growth in the year ending 31st July 2012.
Commenting on the results, Matt Clarke, CEO, said: "In the light of today's tough economic climate, we are really pleased with the results. We have continued to renew all of our Local Authority contracts and secure significant business opportunities within the education sector. Recent wins of note include the provision of the Life Learning Cloud to every primary and secondary education establishment in the Borough of St Helens, secured in partnership with Agilisys, the IT and business service provider as part of the Council's £35m BSF programme, and the provision of Life to all primary schools in Peterborough.
"We recognise that the education market is subject to government and policy change and that the technology used in schools needs to reflect the current climate helping them to realise efficiencies whilst driving up standards. New and innovative ways of learning, such as that provided by Life, UniServity's cloud-based learning platform, continue to be well received."
Creators of the largest active online learning community in the world, UniServity has 2 million users across 22 countries from the UK and USA to Australia and Hong Kong, 3,000 customers, 90 local authorities and 100 percent LA retention rate - unique amongst its competitors. Its online learning solution incorporates 4.5+ million learning resources, 23,000+ collaborative learning wikis, 45,000+ learning tasks and 65,000+ discussion forums used for learning conversation. Average time spent online is 28.55 minutes, compared with an average user's browsing time of six minutes on one web site, with 750,000 unique logins per week and 7.5+million hits per week.
For further information about UniServity, please visit the web site at: www.uniservity.com or Tel: 0870 855 5751 / Email: info ( @ ) uniservity dot com.
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