CHANDLER, Ariz., Nov. 16, 2020 /PRNewswire/ -- Zovio (Nasdaq:
ZVO) announced today that WASC Senior College and University
Commission (WSCUC) approved Ashford
University's application for a change of control and legal
status. Under the transformational educational agreement approved
today, the independent nonprofit Arizona corporation, The University of Arizona Global Campus ("Global
Campus"), will acquire the assets of Ashford
University from Zovio.
The transaction, which is expected to be completed in early
December, will allow Global Campus to fulfill its vision to expand
access for nontraditional and underrepresented students to
flexible, affordable, high-quality higher education opportunities
that will allow students to achieve their academic and career
goals. Zovio will continue providing innovative and data-driven
education technology services to the University of Arizona Global Campus under a
long-term Strategic Services Agreement.
"The landmark approval by WSCUC allowing the University of Arizona Global Campus to complete the
acquisition ensures that nontraditional students have access to a
high-quality education that meets their needs, and completes
Zovio's transformation into a world-class education technology
services company," said Zovio Founder, President, and CEO
Andrew Clark. "Since we announced in
2019 our intent to redefine the future of education by providing
online, data-driven education services that meet learners' and
universities' needs, Zovio has been strategically focused on
building a network of technology-enabled products and services,
supported by Signalz for Student Success, providing higher
education institutions with machine learning and AI-powered
insights for decision making that promotes student retention and
degree completion."
"This new university creates significant opportunities for the
35,000 existing students and working adults who want to pursue
advanced degrees through online education," said University of Arizona President Dr. Robert C. Robbins. "These nontraditional
students don't usually have the time or finances to attend a
university in a campus setting. We are committed to providing a
quality education that is accessible to these hard-working students
who are pursuing education to better life for themselves and for
their families."
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,
which includes Fullstack Academy, TutorMe, and Learn@Forbes,
leverages its core strengths and applies its technology and
capabilities to priority market needs. Using advanced data and
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.
About The University of Arizona
Global Campus
The University of Arizona Global
Campus is an independent nonprofit Arizona corporation that will provide access
to affordable high-quality higher education with flexible
opportunities for students from diverse backgrounds seeking to
achieve their educational and life goals. Global Campus will build
on Ashford University's promise of
high-quality online learning, access and inclusivity and the
University of Arizona's mission as a
land-grant institution focused on student success. For more
information, visit https://globalcampus.arizona.edu.
Contact: Alanna Vitucci
alanna.vitucci@zovio.com
858 668 2586 x11636
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SOURCE Zovio