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RDY - ReadyTech Holdings

Discussion in 'Stocks Q-Z' started by System, Apr 2, 2019.

  1. System

    System Administrator

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    ReadyTech is a leading SaaS provider of mission-critical people management systems to customers to assist them to comply with regulatory and legislative compliance obligations, efficiently manage a large number of people through software and drive key performance outcomes.

    ReadyTech operates in two segments:

    Education

    Core products are its cloud-based student management systems (SMS) for education and training providers to manage the student lifecycle from student enrolment to course completion. ReadyTech also provides platforms to help state governments manage vocational education and training (VET) programs, software platforms for the pathways and back-to-work sector to manage apprentices and job seekers, and a competency assessment and skills profiling tools to track on-the-job training through a qualification.

    ReadyTech's behavioural science-backed assessment tools are also included within the education segment. These tools are used to identify at-risk students in the tertiary education and training sector to improve course completion rates. They are also used to identify at-risk job seekers within the pathways and back-to-work sector to increase the number of successful job outcomes through the application of positive psychology.

    In FY18 the education segment comprised 61% of total group revenue and 58% of EBITDA before corporate costs. The majority of education revenue is derived from student management systems.

    Employment

    Provides payroll software and outsourced payroll services and human resource management (HRM) software solutions to employers to assist them with payroll and the management of their employees. HRM consists of human resource (HR) administration and talent management. HR administration involves employee records, workplace health and safety (WHS), organisational structure, document and expense management and reporting. ReadyTech is currently expanding its talent management capabilities to offer its customers a more comprehensive suite of solutions to assist them with attracting, engaging and
    retaining people.

    In FY18 the employment segment comprised 39% of total group revenue and 42% of EBITDA before corporate costs.

    It is anticipated that RDY will list on the ASX during April 2019.

    https://www.readytech.com.au
     
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