Dev Clever Holdings PLC Common Service Centre Pilot, India (4613D)
June 29 2021 - 2:55AM
UK Regulatory
TIDMDEV
RNS Number : 4613D
Dev Clever Holdings PLC
29 June 2021
29 June 2021
Dev Clever Holdings plc
("Dev Clever" or "the Company" or the "the Group")
Initial Project with Common Service Centre ("CSC") Academy in
India
Dev Clever, a leading developer of online and immersive career
guidance and development platforms, is pleased to announce that its
wholly-owned Indian subsidiary and its partner Veative Labs Pvt Ltd
have entered into an agreement for an initial project with the CSC
in India ("CSC") www.csc.gov.in ,
The Common Service Centre scheme is a national government
initiative led by the Indian ministry of Electronics and
Information Technology. It is a central part of Digital India, the
government's flagship programme which has a vision to transform
India into a digitally empowered society and economy. With more
than 350,000 centres across India, servicing tens of millions of
users CSCs are recognised as an access point for many digital
services, including healthcare and education. Their ability to
deliver essential digital services is particularly important for
Indian citizens in rural and remote areas.
Across the 350,000 centres at least 5,930 are dedicated
educational academies (CSC Academies) that provide access to
digital services for over 2.6m students. They also host employment
initiatives and programmes for corporate organisations and partners
to connect students directly with future employers.
The initial pilot project (Phase 1) will see the Company's
immersive career guidance and learning platform go live in 25
academy centres in early July 2021 and engage 100 students per
centre. Lasting 45 days, the pilot will assess the foundation
programme of STEM-based immersive learning and careers
guidance.
Following this assessment, the CSC Academy and the Company have
the option to extend the initial project and rollout to all 5,930
CSC Academies (Phase 2). During Phase 2, Dev Clever will seek to
implement a foundation careers and remote learning service
offering, with the opportunity to enter into discussions with the
scheme's operators for the deployment of additional, complementary
learning modules.
Should Phase 2 be successful, it will provide the Company with
the opportunity to agree to expanding the service offer to the
broader CSCs and their users.
As part of a wider implementation plan, the Company will also
look to enhance the student experience including the introduction
of the Indian National Career Challenge, presently anticipated for
launch in Q2 2022. This will provide the exciting opportunity for
the Company to engage with local employers and organisations to
provide a programme of virtual work experiences and employer
encounters to students within all the CSC centres.
Chris Jefferies, CEO Dev Clever, said:
"This initial project with CSC is a significant endorsement of
our services from the Indian Government and demonstrates its
confidence in our platform and in our ability to bring positive
change to its citizens and follows on the heels of our recently
announced agreement with Aldebaron. Whilst we are in the early
stages the initial CSC collaboration can provide significant uplift
in active user numbers on the Group's core platforms with the
opportunity to convert into very meaningful and material revenues
for Dev Clever and we look forward to updating shareholders in due
course."
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
-ends-
For further information please contact:
Dev Clever Holdings plc
Christopher Jeffries
Chief Executive Officer and Executive
Chairman
Nicholas Ydlibi
Chief Financial Officer +44 (0) 1827 930 408
Novum Securities Limited - Financial
Adviser and Broker
David Coffman / Colin Rowbury +44 (0) 20 7399 9400
Buchanan Communications
Richard Oldworth / Chris Lane +44 (0) 207 466 5105
Notes to Editors:
Dev Clever Holdings plc, together with its wholly owned
subsidiary DevClever Limited, is a software and technology group
based in Tamworth, United Kingdom, specialising in the use of
lightweight integrations of cloud-based VR and gamification
technologies to deliver rich customer engagement experiences across
both the education and commercial sectors. In January 2019, Dev
Clever listed on the Standard List of the London Stock Exchange.
The Group's core focus is the development and commercialisation of
its core platforms - Educate (its primary focus) and Agency
Services (its secondary focus).
Educate Division:
Through Educate, Dev Clever aims to reduce the global skills
shortage by delivering an enhanced careers guidance service via its
online platform, Launchyourcareer.com, and virtual reality software
(Victar VR). The business has established a global partnership with
Lenovo to roll its service worldwide, with offerings already on the
market in the UK, US and Canada. Dev Clever is also focused on the
Indian market and has partnered with its National Independent
Schools Alliance (NISA) and content provider Veative to provide a
comprehensive service offering within Indian budget private
schools. Through this, the business is developing and intends to
launch a direct-to-consumer offering in India.
Agency Services Division:
The Company's Agency Services division provides customers from
the retail, brand and hospitality sectors with bespoke application
and customisation of the Group's proprietary cloud-based products
in order to increase consumer engagement, transactional
efficiencies and enhance customer experience within their
venues.
For further information, please visit
www.devcleverholdingsplc.com
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