Education technology firm wins £775,000 of university contracts
Solutionpath, an education technology business based in Leeds, has won new contracts to supply student engagement analytics and monitoring software to four universities.
Its StREAM software product is designed to improve student retention, boost academic performance and help universities improve student wellness by identifying students with challenges long before they become a crisis.
The new contracts, which were all secured within the space of one month and are worth £775,000, are with Northampton, Essex, Salford and Sunderland universities, which between them have a student population of over 60,000.
Solutionpath’s sophisticated StREAM analytics product, measures and analyses student ‘engagement’ by accurately assessing student data already collected by universities. The data relates to students’ digital interactions with the university, which are logged each time day-to-day activities such as using the library or attending lectures are carried out, alongside academic progress.
Howard Hall, CEO and co-founder of Solutionpath, said: “These new client wins are tremendously exciting for us. They mark the growing recognition that our unique StREAM analytics product, which has been several years in development and refinement, and is not only the market leading product but is also a highly effective tool that is having a significant positive impact both for students and for universities. Not only are we helping our clients improve academic outcomes, and improve student retention, and course completion, but also providing a safety net for students on wellness issues.”
He added: “For a student who withdraws from their studies at university before completion, or fails to achieve the level of degree they could have done it can be a personal disaster.
“For the university involved there are usually costly financial implications of lost course fee revenues as well. Now many of those instances can be avoided, which is good news for students, staff and universities alike.”
As a result of the four new contract wins, Solutionpath, plans to create five new jobs over the coming months. The business is currently working with 11 universities in the UK and internationally, and has recently launched into the US market.
