IODM (ASX:IOD) secured a renewal of its commercial agreement with financial technology firm Convera for the UK higher education sector with revised terms, according to a Thursday filing with the Australian bourse.
The company will now receive a 30% share of all payment revenue generated by Convera for all universities that use the IODM platform from April 1, up from 25% under the previous agreement, the filing said.
IODM shares rose 3% in morning trade on Thursday.
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