Tribeca to teach accountants a lesson
Tribeca Learningwill make a strategic push into the continuing education (CE) of accountants with the acquisition of two established chartered accountant programs.
The subscription-based audio programs, Business Essential for Chartered Accountant and Tax Essentials for Chartered Accountants, are produced in association with, and endorsed by theInstitute of Chartered Accountants in Australiaand are distributed monthly to more than 1,250 accountants nationally.
Tribeca chief executive officer Adam Davis says the group generates around 90 per cent of its revenue from the financial planning sector, and believes the entry into the accountancy market will provide a new opportunity for growth.
“The acquisition of these CE programs provides Tribeca with a new annuity-style income stream in a market significantly larger than that of financial planning,” Davis says.
According to Davis Tribeca will leverage its distribution capacity to increase subscriber numbers to the programs.
The addition of accountants to its target market is the latest move for the education provider following it signing an outsourcing deal with theAustralian Stock Exchangeto take over the administration of its accreditation regimes back in March.
Earlier this year Tribeca completed the final stages of integrating six business units acquired over the past three years under the one banner.
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