IQE
03/02/2015 08:30
ASSET
PRICE SENSITIVE
REL: 0830 HRS Intueri Education Group Limited
ASSET: IQE: Intueri acquires Information Technology Training Institute
MARKET RELEASE
Date: 3 February 2015
IQE - Intueri acquires Information Technology Training Institute
Intueri Education Group (IQE) today announces that it has conditionally
agreed to purchase Information Technology Training Institute (ITTI).
ITTI is an IT training institute based in Auckland, New Zealand, that has
been providing state-of-the-art training in the latest IT technologies since
1997. The institute provides a range of internationally recognised computer
and information technology qualifications and partners with leading
technology names offering students access to the latest resources and
initiatives from the technology world.
Intueri CEO Rob Facer says the acquisition will help lay the foundation for
the Group's entry into IT provision at a level that is in high demand with
students from its existing international markets.
"Provision of information technology qualifications to Level 7 (on the NZQA
framework) is crucial to both complement our existing provision and promote
growth. Whilst ITTI has until now operated in a niche area of the market
enrolling around 80 to 100 students per year, IQE will capitalise on the
growth potential in international markets with this new offering."
"There are also significant pathway and staircasing opportunities for our
domestic students from and into our existing programmes."
ITTI has been purchased for NZD$1.2m with 90% settlement upon completion.
--Ends--
For queries, please contact:
Rob Facer, CEO +64 (0) 27 675 3538
[email protected]
End CA:00260247 For:IQE Type:ASSET Time:2015-02-03 08:30:51
