OpenLearning Limited announced that it has signed a 5-year platform software-as-a-service (SaaS) agreement with the University of Wollongong, which is a global top 200 university and is ranked 31st in the world social and economic impact according to QS World University Rankings 2021. UOW's selection of OpenLearning is in line with its 2020-2025 Strategic Plan, which sets out the university's plan to be a lifelong learning partner to its students and alumni by providing them with real-world learning experiences and co-curricular activities that are highly personalised and flexible. OpenLearning will enable UOW to quickly and cost-effectively expand its offering in the lifelong learning market through world-class short courses and micro-credentials that engage and inspire learners. The agreement enables UOW to utilise OpenLearning's lifelong learning platform to develop and market a range of courses, and to procure learning design services from OpenLearning on a fee-for-service basis. Under the agreement, UOW will pay an annual SaaS fee to OpenLearning for its use of the platform. Commencing this month, the minimum SaaS fee over the 5-year term is $624,250 incl. GST. Besides what is outlined above, all other terms of the agreement with UOW are customary for platform SaaS agreements with universities.