Merger creates all Australian e-learning group

Merger creates all Australian e-learning group

Education infrastructure provider, CSM Group, has acquired e-learning competitor, myinternet, to expand its offerings into schools.

Bundling its primarily infrastructure-based solutions with myinternet's applications gave CSM a much stronger position in the kindergarten to year 12 schools market, chief executive officer, David Knowles, said.

The acquisition would bring the total head count to 190 staff, he said. No redundancies were expected.

Myinternet is a niche market education software player which delivers services to schools across the UK, New Zealand, PNG and Hong Kong. It is also currently designing a national service for South African schools and working with a US education provider to deliver services into North America.

The combined revenue of the new group is estimated at $30 million, from a customer base of 4000 schools. Overseas sales will represent about five per cent of the new group's total income. CSM would continue to sell its products direct, while the international myinternet operations would remain with existing partners, Telecom New Zealand and Netmedia.

Education revenues represent about 50 per cent of Darwin- headquartered CSM's business with the remaining revenues coming from its technology division. The company has also recently won business with the Department of Education and Children's Services in South Australia.

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