The Group’s trading business, DevClever, is a software development company established in 2013.
It has grown into a credible, recognised digital innovation brand, and has a range of blue-chip clients and educator customers, primarily within the UK, but with recent successes and current strategic focus on the huge Indian market for education.
DevClever has developed proprietary software and applications which enable rapid development and deployment of its Education Technology (EdTech) products and which have been successfully delivered across multiple sectors and received industry accolades and recognition for the use of innovative, interactive and immersive technologies.
Gamification of Education and Career Success
Dev Clever Holdings Plc (DEV: LSE) is UK-based and focuses on the global EdTech market. Its two core platforms, Launchmycareer.com and Victar VR, offered on a B2B, B2C and B2G SaaS subscription basis, are aimed at reducing skills gaps in young people through: remote learning and career guidance tools, live career counciling and enterprise services. DEV’s current focus is the Indian market (Veative Labs acquisition monetises India for DEV) with a potential $30bn value within 10 years. The Aldebaron DMCC (Dubai) partnership adds a minimum of $50m revenues over the next 4 years and accelerates rollout to over 9 new territories. The CSCA phase 2 delivers ‘gilt backed’ revenues from 2.6m Indian students with expansion opportunities. We expect more partnership and contract wins over the next 18m.
Operational Strategy
Dev Clever operates in the EdTech market via its two divisions – Educate division and the Professional Services division. The Educate division is the primary focus for DEV. Educate provides technology and tools for young people to help them choose the most appropriate career path and develop critical transferable skills demanded by employers.
- Educate: The Educate division develops and markets EdTech tools and services. It comprises career success platforms – VICTAR VR and Launchmycareer.com. These two platforms are designed to close the skills gap by engaging young people through technology, gamification, live career counselling and remote learning tools and services.
- Professional Services: The Professional Services division comprises the ‘Engage’ platform, alongside the Recruitment Marketplace and Studio Services.
Demand Drivers:
Government policy – Governments globally are including immersive (AR/VR) learning technologies in their policy frameworks, which in turn is driving public school demand for EdTech solutions.
Covid-19 pandemic – has accelerated the growth in remote and immersive learning. Both students and educators have had to adopt new ‘high volume’ ways of learning.
India’s education system – is one the largest in the world. India has ~271m students in ~1.5m schools and ~37.2m undergraduates and post-graduates in ~39k colleges across India and provides a clear and highly significant growth opportunity for DEV.
Dev Clever valuation catalysts
➢Revenues received from CSCA and Alderbaron
➢New contract wins in the Indian public school market
➢UK National Career Challenge (NCC) program launch.
To see the latest dev Clever press releases visit their website.
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