IST and MIT Education Solutions to secure school payments

IST and MIT Education Solutions to secure school payments

IST and MIT Education Solutions to secure school payments

20 / 3 - 2018

The Swedish edtech company IST and the Irish partner company MIT Education Solutions have won a framework agreement for payments concerning 4 000 schools in Ireland. The agreement, with a potential value of 10 million euro, will provide digital tools for payment and administration of school fees for schools and parents.

The tender is an initiative from the Irish government in theirs strive towards making both school and society in general cash independent. The framework agreement has been formed by Irish Department of Education and concerns all schools within both primary as well as post primary school level. In total, more than 900 000 students are affected.

A strategic win
– We consider this to be a very important and strategic win since it opens a dialogue with so many schools, in a, for us, new market. With a broad product portfolio and long experience when it comes to digitalization within educational sector we see a huge opportunity to offer many more services, out of which, Irish schools could benefit, like our offers within administration and learning, says Mikael Wahlberg, Head of Marketing & Sales, IST Products.

The tender is about a digital payment solution, in which schools could administrate their fees and connect them to payments. By using the tool the school could distribute information, communicate and provide secure and user friendly means for payment to parents.

The digitalization requires the right tools
– The Irish educational sector is undergoing a huge change due to the ongoing digitalization. To meet the imminent need it requires both expertise and a broad range of innovative and diverse technology solutions, covering everything from payments to learning and administration. With IST, we are now in position to deliver and support end-to-end seamless edtech solutions that schools, students and parents could benefit from, says Seamus Morris, founder and Managing director MIT Education Solutions.

Besides IST and MIT Education Solutions, two additional vendors are on the framework. The framework agreement will last for four years. If 70% of the schools have not taken on the offer within three years, the agreement might be extended for two additional years.

Read more:
– Irish Department of Education's press release on the initiative
– IST and MIT Education Solutions signed a partnership in 2017

About MIT Education Solutions
MIT Education Solutions have been providing software technology solutions to education establishments in Ireland since 2007. MIT are the market leader in Ireland in the areas of Admissions Management and Schools Payment Solutions. Our mission is to provide a one-stop-shop for schools and colleges for all of their administration and eLearning requirements, on an integrated, robust and secure platform. Read more at www.mit.ie.

For more information, contact
Mikael Wahlberg, Head Of Marketing & Sales IST Products, mikael.wahlberg@ist.com, +46 709-850 272
Seamus Morris, Managing director MIT Education Solutions, smorris@mit.ie, +35 386 153 77 47