Published on: March 9, 2015

Callista – small but very significant

Tribal has this morning announced the acquisition of Callista Software, a leader in the provision of student management systems to Australian universities. The deal is small in financial terms, but brings with it a 25% share of the university market and, in our view, very significant potential to drive organic growth in future. We make modest upgrades to forecasts to reflect the acquisition, but the greater value of the deal is likely to manifest itself over time

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