How buying the Art Institutes brought Dream Center to the brink of collapse

Education Dive | January 23, 2019

Dream Center Education Holdings (DCEH) went into receivership last week, shortly after making a deal to transfer control of most of the remaining campuses in the Art Institutes chain.The campuses now under receivership, which weren't part of the transfer deal, could be sold or close, said DCEH attorney Robert Glickman, adding, "In a perfect world, you would want a sale to occur and the university to continue."A company that generates leads on prospective students had moved in court to put DCEH, which owed the firm more than $250,000, under a receiver to protect the nonprofit's assets, including its remaining campus operations. DCEH agreed in court papers with the necessity of receivership, acknowledging its dire financial position and the need to ensure its remaining schools can continue functioning.On Friday, a federal court in Ohio approved the proposed receiver, Mark Dottore, a Cleveland-based consultant who had already been working with DCEH.

Spotlight

Communication technology has developed rapidly over the last decade, with most schools now emailing or texting parents about key aspects of schooling.Some schools continue to use paper-based solutions when communicating with parents, but there is an increasing number of schools making use of innovative mobile applications that go beyond emailing and texting.

Spotlight

Communication technology has developed rapidly over the last decade, with most schools now emailing or texting parents about key aspects of schooling.Some schools continue to use paper-based solutions when communicating with parents, but there is an increasing number of schools making use of innovative mobile applications that go beyond emailing and texting.

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EDUCATION TECHNOLOGY

Zovio Announces Agreement to Divest OPM Business to University of Arizona Global Campus

Zovio | August 02, 2022

An education technology services company that partners with higher education institutions and employers, announced today that it has closed on an agreement to transition its online program management (OPM) business to the University of Arizona Global Campus (UAGC). Over the past six months, Zovio has taken steps to implement a process designed to unlock shareholder value by rightsizing the company, accelerating growth of subsidiaries and exploring strategic alternatives, which included the potential divestiture of all three of its businesses. In May 2022, Zovio completed the sale of TutorMe, for $55 million and used a portion of the proceeds to repay bridge financing. This left the company debt free and allowed Zovio to satisfy obligations stemming from a decision of the Superior Court of California while the company appeals the decision. Continuing to execute on its strategic alternatives process, Zovio and UAGC negotiated, signed and closed on an asset purchase agreement with an effective date of July 31, 2022, after receiving approval from their respective Boards of Directors. Under the asset purchase agreement, UAGC is acquiring Zovio's operations and assets that previously provided services to UAGC through a long-term Strategic Services Agreement. "Zovio has been at the forefront of providing innovative online learning products and services for almost two decades, We are pleased to have reached this agreement with UAGC and are excited about their future," - Zovio Chief Executive Officer, Randy Hendricks. Zovio will continue to support the continued growth and expansion of Fullstack Academy and simultaneously explore strategic alternatives for that business. About Zovio Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services. Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.

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ONLINE EDUCATION

Anthology's Blackboard Learn Ultra Wins Gold Stevie Award for Postsecondary Learning Management Solutions

Anthology | August 26, 2022

Anthology, a leading provider of education solutions that support the entire learner lifecycle, today announced that its Blackboard Learn Ultra solution was named the winner of a Gold Stevie® Award in the Postsecondary Learning Management Solution category in the 19th Annual International Business Awards® (IBA). The 2022 IBAs received more than 3,700 nominations from organizations in 67 nations and territories. "We're continuing to accelerate the development of new features for Learn Ultra with the goal of delivering the premier teaching and learning experience, and we're honored to see that work reflected in this recognition,. "The LMS is at the center of learners' educational journey and our team is focused on delivering innovation that fuels their success while also meeting the needs of faculty and institutions." JD White, Chief Product Officer at Anthology Blackboard Learn is Anthology's flagship learning management system, designed to support the student experience while enabling pedagogical best practices for faculty. Blackboard Learn Ultra delivers a simpler, more powerful teaching and learning experience that fosters student self-expression, offers a leading test-taking experience, and delivers the ability to surface actionable data insights that help learners, instructors and institutions meet their goals. With a modern, intuitive, fully responsive interface, Learn Ultra better engages students, removes barriers for instructors and clears the path to success. Last month, Anthology announced a 46 percent increase in the number of courses using Blackboard Learn Ultra, and a 30 percent increase in the number of institutions deploying Learn Ultra courses, year-over-year. Following the merger with Blackboard, Anthology tripled Learn Ultra development resources and increased opportunities for client feedback in the development process. The expanded resources powered the largest Learn Ultra release to date, delivered in July. "Statistics show that the stress and mental health experienced by students over the past couple of years has increased significantly. Products like Blackboard Learn Ultra are an essential tool to 'normalizing' the experience of students and helping them to reduce the mental health load. Congratulations to Anthology for creating a product that is making a significant impact in the lives of generations to come," commented one Stevie Award judge. The International Business Awards are the world's premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small - are eligible to submit nominations. "We're thrilled that we're able to return to celebrating Stevie winners in person this year," said Stevie Awards president Maggie Miller. "This year's class of honorees are as innovative, adventuresome, persistent and successful as we've ever had. We look forward to celebrating their achievements with them during our October 15th awards banquet in London.www.StevieAwards.com/IBA. About Anthology Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning.

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EDUCATION TECHNOLOGY

DevOps Institute Launches SKILup IT Learning, a Unique Online Learning Destination That Lets IT Professionals Learn, Grow and be Empowered

DevOps | August 25, 2022

DevOps Institute, a global learning community that empowers the people who power IT, today announced SKILup IT Learning, a unique subscription-based online educational destination. DevOps Institute empowers DevOps humans to advance career development and upskill for enterprise transformation by providing the resources, guidance, experts, and encouragement to learn. SKILup IT Learning by DevOps Institute is a self-directed learning platform focused entirely on DevOps and Digital Transformation. It is offered in three tiers: SKILup IT Learning, paid subscription-based learning SKILup IT Learning+, upgraded paid subscription-based learning including a growing portfolio of relevant certification preparation video training courses Community Member, limited access as part of DevOps Institute's free community membership "SKILup IT Learning is the IT professional's one-stop destination for continuous learning on topics relevant to DevOps and Digital Transformation,"The 2022 Upskilling IT Report findings clearly prove that upskilling IT resources and skills shortages are a major issue for organizations and individuals alike. SKILup IT Learning offers a unique solution to this huge challenge by making practical education from recognized thought leaders." Jayne Groll, CEO at DevOps Institute. A subscription to SKILup IT Learning empowers DevOps Humans, further advancing organizations as they navigate the rapid pace of enterprise transformation. SKILup IT Learning helps subscribers easily distill and navigate training and education around today's trending DevOps skills and topics.Since SKILup IT Learning focuses exclusively on the people, process and automation skills needed for digital transformation, subscribers will have access to broad and trending "essentials" knowledge, insight into improving culture, human skills and leadership that every practitioner at all levels needs. The top-level subscription also provides certification preparation training for DevOps Institute and other certification programs. SKILup IT Learning will also be underpinned by SKILup Discussions - an interactive chat platform with topic-specific channels to discuss, share, ask questions, and network with other SKILup IT Learning subscribers, industry thought leaders and community members. DevOps Institute offers SKILup IT Learning access to everyone including two levels of paid subscriptions and limited free access for DevOps Institute's community members.SKILup IT Learning (paid subscription) SKILup IT Learning subscribers have access to a growing catalog of cutting-edge educational content and training focused on relevant technical, process and human aspects related to DevOps. A SKILup IT Learning subscription provides a well-rounded learning platform built on multiple series including trending classes on essential DevOps-related topics, human aspects, books clubs and author training on their books. There will also be, "day in the life" videos, on-demand presentations and access to DevOps Institute's SKILbooks. A subscription to SKILup IT Learning also helps certified individuals earn credits toward the DevOps Institute Continuing Education Program. SKILup IT Learning+ (upgraded paid subscription) SKILup IT Learning+ takes the educational offerings further by including certification preparation video training for DevOps Institute's certifications and other certification programs. To start, SKILup IT Learning+ community members will be able to pursue DevOps Foundation, DevOps Engineering Foundation and DevSecOps Foundation certifications. Learn more about DevOps Institute certifications here www.devopsinstitute.com/certifications Free Community Members DevOps Institute Community members have access to limited free content specifically geared toward the DevOps professional by experts from across the tech space. About DevOps Institute DevOps Institute is a global learning community that empowers the people who power IT – helping you develop both the professional and personal expertise to make the most of DevOps in both your business and your career. Focused exclusively on all things DevOps and digital transformation, we offer IT professionals – at all levels – deep practical knowledge, a welcoming network of industry leaders, respected certification programs, and insider events.

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