Apollo Group
| Apollo Group Inc.
|
|
|---|---|
 |
|
| legal form | Incorporated |
| ISIN | US0376041051 |
| founding | 1973 |
| Seat |
Phoenix , Arizona ,
|
| management | Anthony W. Miller (Chairman), Gregory W. Cappelli ( CEO ) |
| Number of employees | 44,000 (2013) |
| sales | $ 3.681 billion (2013) |
| Branch | education |
| Website | www.apollo.edu |
Apollo Education Group, Inc. is a US corporation based in Phoenix that owns and operates private institutions for higher education , in particular the University of Phoenix . The group has been part of a consortium led by the financial company Apollo Global Management since 2016 . Despite the similarity of names, it was not related to the Apollo Education Group before 2016.
Historical
The Apollo Education Group was founded in 1973 by John Glen Sperling (1921–2014). Sperling was previously a professor of history at San José State University . His company was at times one of the largest private education companies in the United States. It was listed on the NASDAQ stock exchange from 1994 and was included in the S&P 500 stock market index until 2013 . The company's 2008 revenue was over $ 3.1 billion and net income was $ 476.5 million. In 2008 the group employed over 14,500 people. The founder Sperling was Executive Chairman of the Board ; he became a billionaire with his company. Together 100% of the voting rights were held by John Sperling, his son Peter V. Sperling ( Vice Chairman of the Board ) and two voting trusts they controlled. The common stock was held by approximately 275 registered shareholders in 2008.
The Apollo Education Group is the owner and operator of the University of Phoenix (UOPX) in Phoenix. Axia College , which is organizationally part of the University of Phoenix , the Western International University (WIU) with five campuses in the state of Arizona and two abroad, the College for Financial Planning (CFP) in Greenwood Village (Colorado) and the Institute for Professional Development also belonged at over 50 locations in the USA with headquarters in Phoenix, the distance learning group Insight Schools with headquarters in Portland (Oregon) and Olympus High School in Phoenix to the group. The Canadian Meritus University in Fredericton (New Brunswick) was also part of the group. Through its subsidiary Apollo Global belonged Universidad de Artes, Ciencias y Comunicación (UNIACC) in Santiago de Chile , and (mostly) the Universidad Latinoamericana SC (ULA) in Mexico City to do so. A joint venture with the Carlyle Group has existed since October 2007 to finance expansion efforts on the international market . In 2007 the Internet advertising agency Aptimus was also taken over.
More than 360,000 students were enrolled at the Apollo Group's educational institutions in 2008, the vast majority of them at the University of Phoenix , at that time one of the largest private universities in the United States. The University of Phoenix contributed around 95% of the Apollo Group's net sales in 2008 with $ 2.987 billion. On September 26, 2006, she bought the naming rights to the University of Phoenix Stadium for $ 154.5 million over 20 years.
Competitor
Major competitors of the Apollo Group in the private market for higher education in the USA (so-called for-profit universities and colleges) are or were, among others, the Career Education Corporation , Corinthian Colleges Inc. (until 2015), Laureate Education Inc., EdisonLearning Inc. . (Edison Schools), Capella Education Company ( Capella University ), Education Management Corporation (Brown Mackie Colleges, The Art Institutes), DeVry Inc. , ITT Educational Services Inc. and Strayer Education Inc.
Individual evidence
- ↑ Leadership Team | Apollo Education Group. Apollo Education Group, accessed May 21, 2020 .
- ↑ a b Apollo 2013 10-K Form Report , accessed on February 22, 2015
- ↑ a b Beckie Smith, The PIE News: Apollo Education Group acquired for $ 1.14bn. In: The Pie News. The Pie News, London, February 14, 2017, accessed May 21, 2020 .
- ↑ Company Information | Apollo Education Group. Apollo Education Group, Inc., accessed May 21, 2020 .
- ^ Karen Sparks: John Glen Sperling | American businessman. In: Encyclopædia Britannica. Britannica Group, Inc., December 21, 2018, accessed May 21, 2020 .
- ↑ Ronald J. Hansen, Matthew Casey: John Sperling, University of Phoenix founder, dead at 93. Gannett, USA Today Network, August 26, 2014, accessed May 19, 2020 .