$SIBE acquisition of BSN adds $3 Million Revenue Instantly.
Important to note:
it was bought for no cash from Sibling
It is immediately accretive
It is self funding using conventional business financing
There is a prospect flow from RFP's that can allow it to double and triple in annualized revenue short term
There are a couple of ways to view this business
You can view this as an education play, driving down costs through less labor, and increasing results using personalized learning
or
You can view this as an intellectual asset play as education becomes a form of media offering, where
a) the existing curriculum library is going from a PA marketplace, to national and international at around $20 per student per year selling through traditional "brick and mortar" schools, and
b) the same library can garner $1,500 per student per year, via virtual schools and a third approach
c) considers it media and sells it online via Yahoo, Apple TV, Amazon TV, Roku, at $3 per lesson (there are around 50 lessons in a course, or $150) with 65% gross margin and no cost of sales - and this approach gets international distribution immediately to 186 countries
Important to note:
it was bought for no cash from Sibling
It is immediately accretive
It is self funding using conventional business financing
There is a prospect flow from RFP's that can allow it to double and triple in annualized revenue short term
There are a couple of ways to view this business
You can view this as an education play, driving down costs through less labor, and increasing results using personalized learning
or
You can view this as an intellectual asset play as education becomes a form of media offering, where
a) the existing curriculum library is going from a PA marketplace, to national and international at around $20 per student per year selling through traditional "brick and mortar" schools, and
b) the same library can garner $1,500 per student per year, via virtual schools and a third approach
c) considers it media and sells it online via Yahoo, Apple TV, Amazon TV, Roku, at $3 per lesson (there are around 50 lessons in a course, or $150) with 65% gross margin and no cost of sales - and this approach gets international distribution immediately to 186 countries
