SEQTA, the leading teacher work-flow software system for the Kindergarten to year 12 (“K-12”) market in Australia, is pleased to announce that it has concluded its latest capital raising of over A$6M.
The SEQTA capital raising was significantly over-subscribed and was corner-stoned by a number of high profile investors, including:
- Sean Tomlinson, the Chairman and largest individual investor in Revel Systems;
- Chris Ellison and Peter Wade, the CEO and Chairman respectively from Mineral Resources; and
- Neil Hamilton, previous Chairman of IRESS and current Chair of Oz Minerals.
Peter Larsen (co-founder of Navitas) and his family were early venture-capital funders of SEQTA and further participated in this round of financing, as did the entire SEQTA executive and a number of SEQTA staff members.
Following this round of investment, Sean Tomlinson will join the SEQTA board. Sean is based across Hong Kong and Australia and is a seasoned technology and private company investor. He is the Chairman, and the largest private investor, in Revel Systems. Revel Systems is one of the world’s fastest growing iPad Point of Sale SaaS software systems. The company recently received a US$90M investment from New York private equity firm Welsh, Carson, Anderson & Stowe, and is expected to list on NASDAQ or the NYSE in the next two years on a billion dollar plus valuation.
SEQTA Executive Chairman, John Vickers, said “I am amazed by the growing interest in SEQTA and the incredible quality of investors actively seeking an investment in our business.”
John Vickers went to on to say, “Whilst maintaining a steady growth path was achievable for us without further capital, we believe that there is a unique opportunity to accelerate growth at a time when schools are beginning to embrace new technologies and software. We have the opportunity to capitalise on our unique position in fulfilling the need in the market for a fully integrated software solution that is designed around the workflows of teachers and school administrators.”
SEQTA intends to use the funds to accelerate the development of its product suite for K-12 schools in Australia, as well as enabling easier localisation for other countries that are beginning to use the software. SEQTA has significantly increased its sales and marketing team in the past six months and the additional capital will enable further investment to be made in this area of the business.
SEQTA has continued to experience significant client growth. Its product suite is in use in Asia and in schools in every state and territory of Australia, with over 22,000 teachers now using the software on a daily basis.
The company has won numerous awards, most recently being positioned 13th on the 2015 Deloitte Technology Fast 50 winners list (Australia) and being named number 145 in the 2015 Deloitte Asia Pacific Technology Fast 500 awards.
SEQTA Software, (a division of Saron Education Limited, a public unlisted company) provides the SEQTA Suite of products to the K to 12 Education market in Australia and Asia.
The SEQTA Suite is an all-in-one, collaborative teaching and learning ecosystem that enables teachers to manage all their administrative tasks in one place, while simultaneously engaging students and parents in an interactive, supportive community. The SEQTA Suite was designed around the natural work-flow of teachers, allowing them to create virtual learning environments; realistically eliminating the need for paper for everything from attendance, behaviour management, teaching and learning programmes, marks books and reporting to parents.
Sue Brennan, Executive Officer, +61 8 9301 2277 / firstname.lastname@example.org