Integratec sold to worldschool
Internet-based training provider worldschool has bought financial services training group IntegraTec from B4Bco.
Internet-based training provider worldschool has bought financial services training group IntegraTec from B4Bco.
IntegraTec general manager John Prowse says worldschool purchased all the capital of the company from online group B4Bco which planned to use the group’s training products as a base for a financial services site.
Prowse will remain with the group and will continue as chief executive officer while also being appointed to the IntegraTec board.
“The market moved against B4Bco and it made a decision to dedicate itself to other titles with that group but at the same time we will continue as an autonomous company with our own products,” Prowse says.
“Worldschool is a dedicated Internet based provider and we will of course tap into that and the development of products in the online area.”
Prowse says some immediate benefits will be flowing from the sale in the coming weeks.
“First off the rank is expected to be online assessment of our DFP equivalent modules, meaning that candidates will have an instant result on completion of their exams”.
According to Prowse, the purchase of IntegraTec is in keeping with worldschool’s plans to expand its focus and training into the corporate education market and to maintain IntegraTec’s financial services focus.
Prior to the purchase, worldschool emphasised on training in the secondary schools area but with the addition of IntegraTec picks up an authorised ASIC assessor.
IntegraTec has so far targeted education in the areas of continuing professional education (CPE) requirements and equivalent elements of some units in the Diploma of Financial Planning (DFP). It has also developed assessment for compliance levels required under policy statement 146 (PS146).
AUTHOR
Jason Spits
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
