Vocation Limited (ASX: VET) has entered into an unconditional...

Vocation Limited (ASX: VET) has entered into an unconditional agreement to sell OzSoft Solutions Pty Ltd to SFO Enterprises and California Investments Pty Ltd for $4.5 million.

OzSoft is a market leader in education and training data management software in Australia and provides the VETtrak software to training organisations across Australia.

It is a non-core business for Vocation.

This transaction completes the asset sale process and the company expects to announce its revised financial guidance incorporating the changes to the business portfolio later this month.