Tribal expects adjusted EBITDA to be “comfortably ahead” and revenue “marginally ahead” of current market expectations for the year ended 31 December 2023, according to the latest trading update from the AIM-listed provider of education software and services.
Tes Global, the Onex Partners owned education software and services business, has reported an adjusted EBITDA of £71.0m for the year ended 31 August 2023.
ParentPay Group, the MIS, payments and messaging group backed by Montagu Private Equity, has acquired GDPR In Schools Limited, the London-based provider of cloud-based data protection compliance solutions for schools.
2U, the online education platform company, has warned investors that “there is substantial doubt about its ability to continue as a going concern” if the company does not refinance or raise capital to reduce its debt.
IDP Education, the Melbourne-headquartered international student placement and English language testing company has reported record revenue of A$579.1m for the first half year.
Cengage Group has announced plans to cut costs by between $90m and $100m by the end of FY26 following the implementation of a new operating model aimed at accelerating profit growth and margin expansion over the medium term.
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