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Apollo Education Group

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633: 34: 3329: 2007: 2021: 753:(FTC) was investigating UoP for unfair business practices; "The company must hand over documents regarding matters that include its marketing, tuition, billing, accreditation, and military recruitment practices going back as far as 2011." In January 2016, the FTC filed suit against Apollo and University of Phoenix. The court ordered Apollo and UoP to comply with the FTC's civil investigative demands. 695:. Founded in 1978, West offered associate, bachelor's and master's degree programs to approximately 1,374 students (Fall 2014). West's mission is to provide a broad educational foundation, with a focus on business and technology, designed to prepare students for leadership positions in a dynamic, global marketplace. West was formerly located in Phoenix, Arizona and was more recently located in 735:
judge vacated the verdict and found for the defendants, but the Ninth Circuit reinstated the verdict. The U.S. Supreme Court declined to hear Apollo's appeal of the verdict. The case ultimately resolved with Apollo being liable for $ 145 million; the reported $ 280 million figure may have been an error because the jury's award was for $ 5.55 per share.
699:. West offered in person classroom teachings and online education. The university started shutting down in March 2017 and developed a two year "teaching out" plan to allow students an opportunity to graduate from West or transfer to another institution. The school ceased all operations and officially closed in February 2019. 334:
On May 6, 2016, the shareholders of the company approved the sale of the firm for $ 1.14 billion to a group of private investors: Najafi Companies, a Phoenix firm, the New York-based Apollo Global Management and, the Vistria Group of Chicago. The offer amounted to $ 10 per share, compared to its high
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On June 11, 2015, Apollo Education Group acquired a 62% interest in TIY Academy, LLC ("The Iron Yard"), a provider of nondegree information technology bootcamp programs in the United States, for $ 15.9 million. The Iron Yard subsidiary closed all campuses in 2017 and ceased operations early in 2018.
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In January 2008, the above stock-price suit was decided. Apollo was found liable for misleading investors by failing to disclose the Department of Education report that criticized the University of Phoenix's recruiting practices. The jury awarded the shareholders $ 280 million in damages. The trial
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Apollo Global is a joint venture between the Apollo Group and the Carlyle Group. The two partners invested $ 1 billion in Apollo Global. The Apollo Group invested roughly $ 801 million and owns 80.1% of the new company. Carlyle invested $ 199 million and controls the remaining shares. Apollo Global
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Revenue of the company continued to fall: in the fiscal year ending on August 31, 2011, the net revenue was $ 4.7 billion; in 2012, $ 4.2 billion; in 2013, $ 3.6 billion. The operating income during this period fell from $ 956 million in 2011, to $ 676 million in 2012, to $ 427 million in 2013. The
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Apollo Group owned and operated Meritus University in Canada. On January 24, 2011, citing how "enrollment will continue to be insufficient to sustain the required quality academic and student service infrastructure we and our students demand," Meritus University announced its closure, with their
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In March 2011 the Apollo Group sold its corporate headquarters in Arizona and leased it back in order to raise $ 170 million in cash. The deal with Cole Real Estate Investments included a 20-year lease requiring Apollo to remain in the complex. "In our view, it does not change the view of the
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Insight Schools is an online high school offering classes from 9th to 12th grade. Insight both ran high schools for school districts and operated online schools in several U.S. states. Apollo Group acquired Insight Schools in 2007; in 2011 Apollo Group sold Insight Schools to
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is a wholly owned subsidiary of the Apollo Education Group. The University of Phoenix is one of the largest higher education providers in North America. The university has approximately 40 campuses and confers degrees in over 100 degree programs at the
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University of Phoenix students owe more than $ 35 billion in student loan debt, the most of any US college. In 2014, University of Phoenix was highlighted in a Time.com article titled "The 5 Colleges That Leave the Most Students Crippled By Debt".
731:"In 2006, the company's controller and chief accounting officer resigned amid allegations that the books had been cooked; in 2007, the Nasdaq Listing and Hearing Review Council threatened to withdraw Apollo's listing from the stock exchange." 1760:, page 10: "The evidence at trial was insufficient to support the jury's finding that the Flynn reports were corrective disclosures. Therefore, PABF failed to prove loss causation, and Apollo is entitled to judgment as a matter of law." 551:
Aptimus was a full-service, in-house marketing agency for Apollo Group education institutions, including the University of Phoenix, Axia College, the Institute for Professional Development, Olympus High School, and Insight School.
717:, which had criticised UoP's admissions practices: for example, recruiters were paid bonuses depending on the numbers they signed up. "In 2004, a scathing report issued by the US Department of Education concluded that Phoenix, as 1644: 723:
put it, had a 'high-pressure sales culture' that intimidated recruiters who failed to meet targets and encouraged the enrollment of unqualified students—in short that it rewarded 'the recruiters who put the most "asses in
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company. Apollo isn't hungry for cash: It carries little debt but generates $ 4 billion in revenue and has $ 650 million in net income and $ 1.5 billion in cash on its balance sheet", commented Peter Wahlstrom of
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Apollo Group announced in August 2011 a $ 75 million deal to buy Carnegie Learning along with a separate agreement to acquire related technology from CMU for $ 21.5 million, to be paid over 10 years.
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In 2015, co-founder John D. Murphy argued that Apollo Group "lost its direction when it abandoned its roots, which were serving working adults, not recent high school graduates."
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had brought the claim on behalf of non-Mormon employees of University of Phoenix Online. Under the settlement, University of Phoenix Online agreed to prohibit favoritism toward
229:, with an additional corporate office in Chicago, Illinois. It is privately-owned by a consortium of investors including The Vistria Group, LLC and funds affiliated with 1025: 3730: 1675:"Stefan Collini reviews 'Everything for Sale' by Roger Brown, with Helen Carasso and 'The Great University Gamble' by Andrew McGettigan · LRB 24 October 2013" 1419: 411:
Apollo Group formed Apollo Global to manage and form subsidiaries, assets, and holdings overseas. As part of their first acquisitions, Apollo Global acquired
399:, through which, aside from previous coursework, college credit can come from experiential learning essays, corporate training, and certificates or licenses. 473: 1789: 2126: 412: 245: 182: 1956: 2174: 1581: 3735: 1538: 431: 323:
company attributed this to a decline in enrollment, with degreed enrollment declining from 380,000 in 2011, to 328,000 in 2012, to 269,000 in 2013.
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BPP Holdings is a holding company of the United Kingdom-based provider of professional and academic education. The company is divided into
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In November 2008, Apollo paid $ 1.89 million to settle a religious discrimination class action without admitting wrongdoing. The
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Staff (5 October 2011). "Apollo Group (APOL) Shares Upgraded to a "Outperform" Rating by Credit Suisse (CS) Analysts".
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theory of learning, memory and performance. The Tutors themselves were developed using an empirical testing process.
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Western International University (West) was a university offering online and in person classroom programs for
284:, called Apollo Global, to make international acquisitions. Apollo also purchased schools in Mexico and Chile 2737: 2551: 1744: 396: 2045: 993: 3480: 714: 1777: 1611:
In this paper, we describe various evaluations that demonstrate the power of the Cognitive Tutor solution.
652:, and post-secondary students. The company uses a blended approach, with a textbook and software (called 3449: 3116: 2988: 2131: 489: 249: 186: 152: 679:, along with field tests in schools throughout the United States. The Cognitive Tutors are based on the 311:
estimate of $ 1.33 by $ 0.12. Apollo Group's quarterly revenue was down 7.6% on a year-over-year basis.
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The College of Financial Planning was acquired by Apollo in 1997 and sold to Kaplan in December 2017.
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After a separate investigation in 2004, the Apollo Group paid about $ 10 million in fines to the
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and BPP University. BPP University is a United Kingdom degree-awarding body with four schools:
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Staff (8 July 2011). "Analysts Weekly Ratings Changes for Apollo Group, Inc. (NASDAQ: APOL)".
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The amount of lobbyists for Apollo Education Group was reduced from 27 in 2018 to 10 in 2021.
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The Apollo Group announced quarterly results on 30 June 2011. The company reported $ 1.45 in
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Goldie Blumenstyk, "Apollo Group Plans to Lay Off 500, as Does Education Management Corp."
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Koedinger, Kenneth R.; Corbett, Albert T.; Ritter, Steven; Shapiro, Lora J. (2000-06-22).
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Federal Trade Commission v. Apollo Education Group Incorporated and University of Phoenix
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This article is about the educational services company. For the private equity firm, see
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http://securities.stanford.edu/filings-documents/1032/APOL04_01/200884_r02o_0402147.pdf
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All of the Cognitive Tutor curricula are based on extensive scientific research from
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In March 2022, Pearson rejected a £7bn takeover bid from Apollo Global Management.
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Owned by Hoffmann Communications, Inc., Cox Media Group operates WJAX under a SSA.
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Nick DeSantis "Shareholders Approve $ 1.14-Billion Sale of U. of Phoenix Parent"
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Jahna Berry and Ginger Rough (15 April 2011). "Apollo threatens to move workers".
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The company owns and operates several higher-learning institutions, including the
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Corporate revenues for the year ending August 31, 2005 were $ 2.251 billion.
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Apollo Global Agrees to Acquire Majority Interest in Open Colleges Australia
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R. J. Hansen "University of Phoenix investors OK sale to private backers"
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of $ 89/share in 2009. The delisting was completed on February 1, 2017.
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http://cdn.ca9.uscourts.gov/datastore/memoranda/2010/06/23/08-16971.pdf
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University of Phoenix provides growth opportunities for working adults
668:, Carnegie Learning was founded by cognitive science researchers from 329: 3559: 3510: 3470: 3409: 3167: 3047: 2962: 2930: 2799:
These stations broadcast these networks on their digital subchannels.
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was acquired for a 70% share agreement by the Apollo Group in 2013.
3649: 3634: 3569: 3549: 3500: 2967: 2957: 2951: 2935: 2889: 2878: 2481: 661: 131: 1790:"Apollo Group's $ 277.5 Million Jury Loss Is Reinstated on Appeal" 686: 3679: 3618: 3505: 3388: 2852: 2710: 2689: 2684: 2679: 2643: 2620: 2615: 2597: 2592: 2587: 2569: 2491: 2466: 2416: 2346: 2341: 2321: 2311: 2306: 2286: 1921:"University of Phoenix is the latest college under investigation" 1539:"Coding school giant Iron Yard announces closure of all campuses" 941: 406: 111: 656:) for each subject. The company also produces products for the 3684: 3589: 3537: 3475: 3444: 3281: 3269: 2993: 2972: 2940: 2564: 2486: 2053: 1742:
Jury Finds U of Phoenix Parent Company Liable for $ 280 Million
1597:"Carnegie Learning's Cognitive Tutor: Summary Research Results" 495: 434:. Its current holdings are BPP, FAEL, Open Colleges, and ULA. 58: 1363:
Kim Leonard (3 August 2011). "CMU software spinout acquired".
1211:"The 5 Colleges That Leave the Most Students Crippled by Debt" 1197:"Student-loan crisis: 10 colleges where students owe the most" 1120:"Apollo Group 4Q Net Soars On Fewer Charges; Enrollment Falls" 3525: 3052: 3033: 1814:
https://www.supremecourt.gov/orders/courtorders/030711zor.pdf
1594: 680: 416: 1827:"Apollo Group Rejected by High Court on $ 300 Million Award" 926: 613: 3490: 2945: 2899: 2715: 2661: 2625: 2559: 2526: 2521: 2516: 2511: 2506: 2501: 2496: 2471: 2456: 2451: 2446: 2441: 2436: 2431: 2426: 2421: 2406: 2401: 2396: 2391: 2376: 2371: 2361: 2356: 2351: 2336: 2331: 2326: 2296: 2291: 2281: 1713:"Howard Hotson · For-Profit Universities · LRB 2 June 2011" 1065:"Apollo drops plans to buy Pearson after £7bn bid rejected" 641: 548:
In 2007, Apollo Group purchased Aptimus for $ 48 million.
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Apollo Group as a Publicly Traded Corporation (1994–2016)
201: 2034: 1380:"Apollo Group Acquires Aptimus Ad Firm for $ 48 Million" 480:) in the United Kingdom for $ 607 million in July 2009. 1557:"The End of an Incredible Adventure with The Iron Yard" 1420:"University of Phoenix expands into religious teaching" 501: 476:. Apollo Global acquired BPP Holdings (which includes 391:
admission policy only requiring a high-school diploma,
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BPP School of Foundation and English Language Studies
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University for the Arts, Sciences, and Communication
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Historical business data for Apollo Education Group:
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University for the Arts, Sciences, and Communication
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Apollo Education Group, Inc. was founded in 1973 by
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University for the Arts, Sciences, and Communication
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University for the Arts, Sciences, and Communication
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University of Phoenix § Lawsuits and investigations
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Asset under Apollo Global Management (2016–present)
1870:"Securities Class Action Clearinghouse: Case Page" 1063: 782: 780: 672:in conjunction with veteran mathematics teachers. 280:In 2008, Apollo Group formed a joint venture with 807: 805: 3707: 1895:"Religious bias lawsuit settled by Apollo Group" 1515:"07/08/2016 10-Q for APOLLO EDUCATION GROUP INC" 813:"The rise and fall of the University of Phoenix" 621: 1774:In re: Apollo Group Inc. Sercurities Litigation 1095:"Leadership Team | Apollo Education Group" 777: 744:the Church of Jesus Christ of Latter-day Saints 687:Western International University (closed, 2019) 802: 604: 592: 524: 407:Apollo Global (later known as Vanta Education) 3731:Educational organizations established in 1973 3359: 3018: 2823: 2235: 2168: 2069: 1706: 1704: 1702: 1700: 1306:"Apollo Pays $ 607 Million for BPP of London" 589:last classes taking place on March 14, 2011. 2182: 1602:. Carnegie Mellon University. Archived from 572: 1362: 1300: 1154:"University of Phoenix Admissions Profiles" 506: 350: 3366: 3352: 3025: 3011: 2830: 2816: 2242: 2228: 2175: 2161: 2076: 2062: 1892: 1697: 1487: 498:was acquired by the Apollo Group in 2007. 32: 935: 614:College of Financial Planning (sold 2017) 555: 387:levels. The University of Phoenix has an 287:As of 5 October 2011, Apollo Group had a 3736:Education companies of the United States 1488:Blumenstyk, Goldie (February 25, 2011). 1014: 771:"Location | Apollo Education Group" 631: 355: 307:for the previous quarter, exceeding the 3721:Education companies established in 1973 3716:Companies formerly listed on the Nasdaq 1918: 1843: 1672: 1143:Lee Allen. Retrieved 18 September 2008. 1134: 1112: 998: 982: 961: 876:"Apollo Group Buys University in Chile" 740:Equal Employment Opportunity Commission 3708: 2118:Institute for Professional Development 1986:: CS1 maint: archived copy as title ( 1710: 347:is Apollo Education Group's chairman. 176:Institute for Professional Development 3347: 3006: 2811: 2223: 2156: 2057: 1893:Gilbertson, Dawn (November 5, 2008). 1824: 911: 896: 849: 847: 845: 567:Lutheran High School of Orange County 562:Lutheran High School of Orange County 298: 16:Corporation based in Phoenix, Arizona 640:Carnegie Learning is a publisher of 543: 529: 502:Faculdade Educacional da Lapa (FAEL) 3726:Companies based in Phoenix, Arizona 2249: 1673:Collini, Stefan (23 October 2013). 1426:. Intuitive Systems. Archived from 1377: 1356: 749:In July 2015, Apollo announced the 494:The Universidad Latinoamericana in 484:Universidad Latinoamericana, Mexico 13: 3756:Private equity portfolio companies 1417: 1126:. October 19, 2011. Archived from 842: 430:Apollo Global changed its name to 319:, an investment-research company. 14: 3767: 1998: 1494:The Chronicle of Higher Education 920: 890: 833:"Apollo Group 2005 annual report" 720:The Chronicle of Higher Education 3328: 3327: 2142:Western International University 2083: 2019: 2005: 1776:, Ninth Circuit, case 08-16971, 1543:The Atlanta Journal-Constitution 914:American Banking and Market News 899:American Banking and Market News 703:Lawsuits and financial reporting 578:Meritus University (closed 2011) 1949: 1937: 1919:Lobosco, Katie (29 July 2015). 1912: 1886: 1862: 1837: 1818: 1806: 1782: 1766: 1750: 1735: 1666: 1637: 1588: 1574: 1549: 1531: 1507: 1481: 1460: 1442: 1411: 1390: 1371: 1345: 1324: 1294: 1280: 1259: 1238: 1217: 1203: 1189: 1171: 1146: 1087: 1076:from the original on 2022-12-24 1056: 1030: 437: 427:replaced Apollo International. 3741:1973 establishments in Arizona 3117:Yahoo! Inc. (owner until 2017) 3112:Yahoo! Inc. (owner since 2017) 2837: 2115:College for Financial Planning 1711:Hotson, Howard (2 June 2011). 929:The Arizona Republic (Phoenix) 905: 868: 825: 763: 174:College for Financial Planning 1: 3751:2017 mergers and acquisitions 2738:Pittsburgh Cable News Channel 1844:LaCroix, Kevin (2011-12-05). 1745:Chronicle of Higher Education 1468:"News Release – Apollo Group" 1450:"The New York Times – Search" 1398:"News Release – Apollo Group" 1332:"News Release – Apollo Group" 1246:"News Release – Apollo Group" 1225:"News Release – Apollo Group" 1006:Chronicle of Higher Education 990:Chronicle of Higher Education 855:"News Release – Apollo Group" 756: 622:Carnegie Learning (sold 2018) 2989:Yahoo! Inc. (1995–2017) 1825:Stohr, Greg (7 March 2011). 1651:. 2017-03-10. Archived from 1156:. Eduers.com. Archived from 715:U.S. Department of Education 215:Apollo Education Group, Inc. 27:Apollo Education Group, Inc. 7: 2132:Universidad Latinoamericana 1288:"History – Vanta Education" 969:"APOL – Aug 31 2013 – 10-K" 605:The Iron Yard (closed 2017) 593:Insight Schools (sold 2011) 525:Bridge School of Management 490:Universidad Latinoamericana 419:as well as the now defunct 260: 250:Universidad Latinoamericana 187:Universidad Latinoamericana 81:; 51 years ago 10: 3772: 706: 677:Carnegie Mellon University 670:Carnegie Mellon University 625: 581: 559: 533: 510: 487: 458:BPP Professional Education 441: 359: 255: 18: 3606: 3458: 3402: 3381: 3343: 3325: 3257: 3231: 3150: 3104: 3088: 3040: 3032: 3002: 2981: 2918: 2860: 2845: 2789: 2762: 2746: 2730: 2698: 2670: 2652: 2634: 2606: 2578: 2550: 2535: 2272: 2257: 2216: 2190: 2091: 1756:Judge James A. Teilborg, 1365:Pittsburgh Tribune Review 573:Sold or closed operations 397:prior learning assessment 196: 162: 118: 103: 93: 75: 65: 50: 40: 31: 3481:Community Leader Program 2849:Apollo Global Management 2261:Apollo Global Management 2184:Apollo Global Management 1038:"Apollo Education Group" 948:Arizona Business Gazette 751:Federal Trade Commission 666:Pittsburgh, Pennsylvania 507:Open Colleges, Australia 351:Schools and subsidiaries 291:of $ 5.36 billion and a 248:in Santiago, Chile, and 231:Apollo Global Management 155:, University of Phoenix) 3645:Legendary Entertainment 3373: 1874:securities.stanford.edu 1124:The Wall Street Journal 293:price-to-earnings ratio 244:in the United Kingdom, 3746:Apollo Education Group 3691:The Venetian Las Vegas 3655:The Michaels Companies 3614:Apollo Education Group 2853:Verizon Communications 2775:Northwest Broadcasting 1717:London Review of Books 1679:London Review of Books 1625:Cite journal requires 637: 636:Carnegie Learning Logo 556:Orange Lutheran Online 3415:ART image file format 2137:University of Phoenix 1027:accessed May 13, 2016 1011:accessed May 13, 2016 635: 368:University of Phoenix 362:University of Phoenix 356:University of Phoenix 289:market capitalization 238:University of Phoenix 191:University of Phoenix 137:Gregory W. Cappelli ( 3675:Sun Country Airlines 3665:The Restaurant Group 3626:/Tony's Fresh Market 2754:Miami Valley Channel 1649:The Arizona Republic 1267:"Apollo Goes Global" 1130:on October 22, 2011. 470:BPP School of Health 269:and John D. Murphy. 70:For-profit education 1430:on 29 December 2014 1302:Ross Sorkin, Andrew 1042:www.opensecrets.org 878:. February 20, 2008 462:BPP Business School 28: 3640:Great Wolf Resorts 3532:Neverwinter Nights 3317:Yahoo Time Capsule 2770:Newport Television 2122:Meritus University 1454:topics.nytimes.com 1311:The New York Times 790:. February 1, 2017 664:markets. Based in 638: 584:Meritus University 454:BPP Learning Media 421:Meritus University 305:earnings per share 299:Declining revenues 179:Meritus University 26: 3703: 3702: 3602: 3601: 3598: 3597: 3339: 3338: 2807: 2806: 2726: 2725: 2150: 2149: 2111:Carnegie Learning 1850:The D&O Diary 1794:www.bloomberg.com 1378:Strange, Adario. 628:Carnegie Learning 544:Aptimus Marketing 536:Milpark Education 530:Milpark Education 517:Open Colleges in 345:Anthony W. Miller 212: 211: 144:Jeff Langenbach ( 128:Anthony W. Miller 21:Apollo Management 3763: 3368: 3361: 3354: 3345: 3344: 3331: 3330: 3151:Defunct services 3027: 3020: 3013: 3004: 3003: 2832: 2825: 2818: 2809: 2808: 2800: 2795: 2699:Other affiliates 2548: 2547: 2244: 2237: 2230: 2221: 2220: 2177: 2170: 2163: 2154: 2153: 2078: 2071: 2064: 2055: 2054: 2035:Official website 2029: 2027:Companies portal 2024: 2023: 2022: 2015: 2010: 2009: 2008: 1992: 1991: 1985: 1977: 1975: 1974: 1968: 1962:. 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Archived from 1091: 1085: 1084: 1082: 1081: 1067: 1060: 1054: 1053: 1051: 1049: 1034: 1028: 1022:Arizona Republic 1018: 1012: 1002: 996: 986: 980: 979: 977: 975: 965: 959: 958: 956: 954: 939: 933: 932: 924: 918: 917: 909: 903: 902: 894: 888: 887: 885: 883: 872: 866: 865: 863: 861: 851: 840: 839: 837: 829: 823: 822: 821:. 25 April 2015. 809: 800: 799: 797: 795: 784: 775: 774: 767: 727: 227:Phoenix, Arizona 208: 205: 203: 151:Peter J. Cohen ( 89: 87: 82: 36: 29: 25: 3771: 3770: 3766: 3765: 3764: 3762: 3761: 3760: 3706: 3705: 3704: 3699: 3594: 3454: 3398: 3377: 3372: 3335: 3321: 3287:Yahoo Australia 3253: 3227: 3146: 3100: 3084: 3036: 3031: 2998: 2977: 2914: 2856: 2841: 2836: 2803: 2798: 2793: 2785: 2758: 2742: 2722: 2694: 2666: 2648: 2630: 2602: 2574: 2543: 2541: 2538: 2531: 2268: 2265:Cox Enterprises 2253: 2251:Cox Media Group 2248: 2212: 2209:(Founder / CEO) 2186: 2181: 2151: 2146: 2087: 2082: 2050: 2025: 2020: 2018: 2011: 2006: 2004: 2001: 1996: 1995: 1979: 1978: 1972: 1970: 1966: 1959: 1957:"Archived copy" 1955: 1954: 1950: 1942: 1938: 1929: 1927: 1917: 1913: 1903: 1901: 1891: 1887: 1878: 1876: 1868: 1867: 1863: 1854: 1852: 1842: 1838: 1823: 1819: 1811: 1807: 1798: 1796: 1788: 1787: 1783: 1771: 1767: 1755: 1751: 1740: 1736: 1726: 1724: 1709: 1698: 1688: 1686: 1671: 1667: 1658: 1656: 1643: 1642: 1638: 1626: 1624: 1615: 1614: 1609:on 2012-02-16. 1606: 1599: 1593: 1589: 1580: 1579: 1575: 1566: 1564: 1555: 1554: 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Index

Apollo Management

Private
Traded as
Nasdaq
For-profit education
John Sperling
Phoenix
Arizona
Anthony W. Miller
chairman
CEO
SVP
president
Subsidiaries
BPP Holdings
Meritus University
University for the Arts, Sciences, and Communication
Universidad Latinoamericana
University of Phoenix
www.apollo.edu
corporation
South Phoenix
Phoenix, Arizona
Apollo Global Management
University of Phoenix
BPP Holdings
University for the Arts, Sciences, and Communication
Universidad Latinoamericana
John Sperling

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