Navitas announces sale of StudyLink for approx. $60 million AUD (approx. $39 million USD)
Today, Navitas has announced the sale of international student application software business, StudyLink, to Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company. Flywire agreed to pay approx. $60 million AUD / $39 million USD in the deal. Navitas was the majority shareholder in StudyLink after first making an investment in 2006. As part of the acquisition, Flywire and Navitas will also expand their existing partnership.
Navitas CEO, Scott Jones, said: “We are proud of the exceptional growth of StudyLink since 2006 and particularly in the last few years of expansion. This innovative business was ahead of its time when Navitas initially invested and created the market for a cloud-based application and enrolment solution for international students in Australia.”
“This valuable deal reflects the considerable success StudyLink has had in penetrating the international education market and its potential for future growth and expansion.”
StudyLink Connect’s admissions, application and agent management solution is used by many leading education institutions and TAFE colleges. It makes it easy for direct applicants as well as agent and recruitment partners to submit, manage and track applications through to enrolment, reducing turn-around times and increasing conversion rates.
“We aim to get the right information to the right people at the right time in the admissions process so they can make the best decision,” said Jason Howard, Founder and CEO of StudyLink.
“Navitas has been a critical stakeholder and customer, enabling us to grow the business in a sustainable way and we will always be grateful for their support and guidance. We are also thrilled to be joining the Flywire team to help deliver even greater value to clients, agents and applicants and to expand our solution globally.”
About StudyLink
StudyLink is a software as a service (SaaS) company which has been using technology to improve the first steps to higher and further education for over 30 years.
We believe in expanding opportunities for people through education to make the world a better place. Our business is built on giving education institutions, agents, recruitment partners and applicants access to the right information at the right time – so they can make the best decisions.
Our leading cloud-based student admissions solution StudyLink Connect is now used by leading Australian universities and TAFEs, across over 40 Navitas colleges as well as many providers globally. It has processed over 3 million student applications, and over 20,000 agents and recruitment channels trust the platform as the number one way to submit and manage applications.
For more information visit: https://connect.studylink.com/
About Navitas
We work with universities, industry partners, and governments to transform lives through education. From pre-university and pathway programs to postgraduate and degree programs, English language and vocational training, we provide numerous study options across our global network of colleges and campuses to 56,000 aspirational learners each year. Our success is underpinned by our unparalleled international network and peerless commitment to student experience and outcomes. Our passion drives us to discover new teaching and learning models and technology to improve education, both now and in the future.
For more information visit: www.navitas.com.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 3,700 clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.