Apollo Group
Apollo Group, Inc. is an American company based in Phoenix, which has private institutions of Higher Education and operates. He is one of the largest private education company in the United States. The main target group are working adults, who make up about 80 % of the students. The company is listed since 1994 on the NASDAQ stock exchange and currently in stock market indices NASDAQ -100 and S & P 500 represented. The Group's revenue in 2008 amounted to about 3.1 billion U.S. dollars, net profit to 476.5 million U.S. dollars. The group employed about 14,500 people in 2008. Company founder and Executive Chairman of the Board is the billionaire John Glen Sperling, CEO Charles B. Edelstein (former manager at Credit Suisse, Consultant at PwC). Together 100 % of the voting rights are held by John G. Sperling, his son Peter V. Sperling ( Vice Chairman of the Board), and two of them controlled voting trusts. The ordinary shares were held in 2008 by approximately 275 registered shareholders.
Founded in 1973 by John G. Sperling Apollo Group owns and operates the University of Phoenix ( UOPX ) in Phoenix, the organization for the University of Phoenix belonging Axia College, Western International University ( WIU ) with five campuses in the state of Arizona and two in the abroad, the College for Financial Planning (CFP ) in Greenwood Village (Colorado), the Institute for Professional Development at over 50 locations in the U.S. and is headquartered in Phoenix, remote university group Insight schools, headquartered in Portland (Oregon ) and the Olympus high School in Phoenix. The Canadian Meritus University in Fredericton (New Brunswick ) is also part of the group. through its subsidiary Apollo Global include Universidad de Artes, Ciencias y Comunicación ( UNIACC ) in Santiago de Chile and (mostly ) the Universidad Latinoamericana SC ( ULA ) in Mexico City to do so. To fund the expansion efforts in the international market, was launched in October 2007, a joint venture with the Carlyle Group. 2007 also the Internet advertising agency Aptimus was taken.
On the educational institutions of the Apollo Group in 2008 more than 360,000 students were enrolled, of which the vast majority at the University of Phoenix, one of the largest private universities in the United States. The University of Phoenix was in 2008 with 2.987 billion U.S. dollars, about 95 % of net sales of Apollo Group. On 26 September 2006 she bought for 154.5 million U.S. dollars, the naming rights to the University of Phoenix Stadium for over 20 years.
Major competitors of the Apollo Group in the private market for Higher Education in the United States (so-called for-profit universities and colleges ) include the Career Education Corporation, Corinthian Colleges Inc., Laureate Education, Inc., Edison Learning, Inc. ( Edison Schools ), Capella Education Company ( Capella University ), Education Management Corporation (Brown Mackie college, The Art Institute ), Devry Inc., ITT Educational Services Inc. and Strayer Education Inc..