SYDNEY, AUSTRALIA: ReadCloud Limited (ASX: RCL) has signed a 4-year Software Licence Agreement with King’s InterHigh to become the exclusive provider of eBooks to the parents of over 4,000 students aged 7 to 18.
King’s InterHigh is a British International online school based in London, United Kingdom, with the students being taught remotely as they are based in countries around the world.
The agreement will see ReadCloud deliver publishers’ eBooks in an overseas market via its platform for the first time, marking an important milestone for the Company. It will provide a new overseas revenue stream for ReadCloud, with revenues determined by the level of uptake of eBooks by the parents of King’s InterHigh’s students, the amount of which will not be known until September 2022.
Students and teachers will have access to the innovative social collaboration features of the ReadCloud eBooks platform, which was a key part of King’s InterHigh deciding to partner with ReadCloud.
ReadCloud will provide an online booklist for parents to purchase eBooks from a large range of publishers for the UK school year which for King’s InterHigh starts on 5 September 2022.
The CEO & Co-Founder of ReadCloud, Lars Lindstrom, said: “We are delighted to welcome King’s InterHigh as a key school partner who is at the forefront of utilising Educational Technology to provide best-of-breed distance education.
“It is a great privilege to see our software adding value to a leading prestigious online school in London and it forms part of our strategic focus on selected international opportunities for the ReadCloud platform.”
Ashley Harrold, Executive Head of King’s InterHigh, said: “We are always seeking out the best educational and technological solutions for our students and families at King’s InterHigh, and are pleased to have found a partner like ReadCloud.”