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Tribal wins two new contracts worth £25.3m

By BFN News | 07:53 AM | Monday 21 August, 2017


Tribal announced two new contracts with a total value of £25.3m. Tribal was awarded a contract by the Abu Dhabi Education Council (ADEC) for the inspection of schools in Abu Dhabi. The contract expands Tribal's schools' inspection business in the UAE and makes Tribal the sole supplier of school reviews in Abu Dhabi. The revenue from the contract is worth £8.5m over two years. The group was also awarded a contract by the Callista Senior Executive Group (CSEG) to extend its support and development of the Callista product for higher education customers in Australia. The revenue from the contract is worth AUD$27.5m (£16.8m) over four years. Peter Marshall, Chair of CSEG, commented: "On behalf of CSEG universities I am delighted to reaffirm our existing partnership with Tribal for a further minimum period of four years, which will enable the continued development and support of the Callista Student Management System." The revenues from both contracts were already factored into the business plan for 2017 and beyond. Story provided by StockMarketWire.com

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