We’re excited to share news of our third acquisition of a fellow education business. Today sees us bring governance, regulation and compliance training specialists, FSTP, into our OSTC and ZISHI family.
Following our takeover of Volcube in Q4 2020 and BG Consulting in Q1 2021, this latest acquisition gives us real traction to build out our education and knowledge business and EdTech activity across the financial services sector.
The attraction of FSTP specifically is that it operates in a significant part of the financial services market which is highly relevant and attractive. The acquisition further broadens our product scope, client base and talent pool, and most importantly drives non-transactional revenue.
The addition of the FSTP business will see us employing 37 people across our education offering, who will service over 140 clients. It is also accretive to our earnings with predicted revenues this year of almost 10% of group revenue coming from education alone.
Sharing his thoughts on this latest acquisition, Lee Hodgkinson, CEO, said:
“The acquisition of FSTP is the third in a series of measured and proactive acquisitions designed to strategically grow OSTC’s offering within the EdTech space. Our goal is to build a rival to those bigger organisations, which is disruptive and far more invested in sophisticated technology than our competitors. With this broader spectrum of products, we can facilitate a wider range of our clients’ financial training needs. There is unprecedented demand for our services internationally, brought on in no small part by the pandemic. Indeed, we have conducted all three of our acquisitions over the last six months remotely – a testament to our commitment to this strategy and the resilience of our staff. And while there are numerous other small firms in the EdTech space, at OSTC we are differentiating ourselves from the pack, by emphasising our ability to grow both organically and through acquisitions – expanding our capabilities as an organisation all the while.”
Responding to Lee’s comments, Julia Kirkland, Managing Director of FSTP said:
“We are delighted to have been recognised by OSTC as adding value to the already impressive educational offering. The combined strength of the group allows us to offer our clients additional support in areas which we know are becoming more critical, given the evolving landscape of education. Equally, we are truly excited by the prospect of working with our new colleagues and offering our expertise to extend the reach and capacity of the OSTC group as a whole.”