Tribal : Sch 1 Update - Tribal Group Plc

The Group provides software and services that primarily support the management of institutions which deliver education and training. Tribal mainly works with universities, colleges and schools in the UK, Asia Pacific and other countries in the English-speaking world. It works with managers, administrators and senior academic staff to enhance the quality of education and experience their institutions offer to their students.

Tribal is a provider of student management systems to universities, colleges and schools in its established markets of the UK, Australia and New Zealand. Tribal serves an installed customer base including universities, colleges and schools, from which recurring annual support revenues in excess of £30 million were generated during the year ended 31 December 2015.

Tribal's software business operates through a traditional software revenue model. Customers are provided with a licence to the software, and implementation services are then provided to enable customers to configure the software to suit their requirements. Following installation, support and maintenance services are provided to assist customers in their ongoing use of the software, and to keep software installed on customer sites up to date.

Tribal's services are typically provided through long-term contracts.

A prospectus providing further information on Tribal and the disposal of its non-core Synergy business, was published on 16 March 2016.