The deal will witness Compass extending its support to more than 3,000 schools, serving a user base of over four million individuals.
The deal will witness Compass extending its support to more than 3,000 schools, serving a user base of over four million individuals.
School management software company Compass has successfully clinched a contract valued at $64 million with Western Australia’s public schools.
The partnership for the project has been forged with the ASX-listed tech giant TechnologyOne, the Start Up Daily reported, and is aimed at providing real-time insights into cash flows and performance, thereby enhancing efficiency, streamlining processes, and resulting in significant time and cost savings.
The agreement, with an annual worth of over $9 million, extends over a span of seven years, with provisions for an extension. The deal will witness Compass extending its support to more than 3,000 schools, serving a user base of over four million individuals.
Compass and TechnologyOne emerged victorious in the highly competitive bidding process, outperforming several international contenders.
John de la Motte, CEO and co-founder of Compass, spoke about being chosen by Western Australia’s Department of Education, highlighting the rigorous nature of the tender process that spanned multiple years and involved exhaustive evaluations conducted by independent subject matter experts.
De la Motte emphasized Compass’s commitment to supporting local technology jobs and its status as an edtech company created in Australia in collaboration with educators from across the nation.
Compass, headquartered in Victoria, made its debut in Western Australia in 2019 and currently serves over 150 schools in the state.
According to the tech company, Western Australia’s Education Department categorized the tender into four distinct segments: school administration, student administration, timetabling, and finance. Compass secured three out of these four categories, with the financial component of the solution set to be delivered in collaboration with TechnologyOne.
Ed Chung, the CEO of TechnologyOne, said their company will be responsible for supporting the billing, finance, accounting, budgeting, and management reporting functions for the department and the schools it serves.
Chung underscored TechnologyOne’s extensive global reach, empowering more than 1.4 million students across K-12 and higher education, as well as its trusted reputation among public sector organizations in Australia and New Zealand, where it serves one in four of such institutions.
