(Alliance News) - Dev Clever Holdings PLC said Monday its careers guidance platform is now fully live and the company has secured partnerships and collaborations that will allow it tap a UK market worth in excess of GBP100 million per annum.
Dev Clever said it aims to secure 10% of this UK market for education software-as-a-service by 2023.
Dev Clever said that, working in collaboration with Lenovo Group Ltd, it intents to localise its Educate solution for other territories, starting with North America in 2020. The company estimates that US market is six times larger than that of the UK.
Dev Clever said its sales resourcing and marketing activity has begun in line with firm's strategy of commencing with the start of the new academic year.
Chris Jeffries, chief executive officer, said: "We are now fully focused on commercialising the substantial opportunity our technology offers as we enter what we believe will be a period of transformational growth."
Back in August Dev Clever secured a three-year commercial agreement with technology company Toshiba Global Commerce Solutions, part of Japan's Toshiba Corp. The company also announced it signed an education technology contract with Chinese personal computer maker Lenovo.
Dev Clever shares were down 21% in London at 2.40 pence each on Monday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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