CHANDLER, Ariz., Dec. 1, 2020 /PRNewswire/
-- Zovio (Nasdaq: ZVO) announced today that the sale
of Ashford University to University of Arizona Global Campus ("Global
Campus") is now complete. Following approval from WSCUC in
November, the University of
Arizona announced the inaugural board of directors for
Global Campus.
Due to COVID-19, the pivot to digital learning in higher
education has accelerated. College students are increasingly
turning to online learning options, while more institutions than
ever are offering their programs on-campus and online. Global
Campus, facilitated by Zovio technology, will pioneer the future of
higher education by meeting students wherever they are in their
educational journey and wherever they live.
With the transaction's close, Global Campus is moving forward
with ensuring that nontraditional and underrepresented students can
access affordable and high-quality online higher education.
This transaction allows Zovio to continue providing innovative
and data-driven education technology services to Global Campus
under a long-term Strategic Services Agreement, cementing Zovio's
position as a world-class education technology services company. It
furthers Zovio's ability to pursue diversified growth as a leading
provider of technology and services to other higher education
institutions, corporations, and learners.
"Zovio is proud to partner with University
of Arizona Global Campus to provide our data-driven
technology services to meet the needs of each student, particularly
nontraditional students who need flexible access to a high-quality
online education that will help them achieve their goals," said
Zovio Founder, President, and CEO Andrew
Clark. "Today's news is further proof that it will be
innovative models for education like this which will redefine the
future of learning. By providing online education services
that meet both the learners' and universities' needs, Zovio
technology is fueling better decision making, insights, and
solutions that promote student retention and degree
completion."
"In the same way that education is transformative for
individuals and communities, Global Campus and its partnership
with Zovio will help transform higher education," said
University of Arizona Global Campus
Interim CEO Paul Pastorek. "Global
Campus and Zovio prioritize ensuring student success, and
this partnership will provide both the high-quality online
classroom experience as well the personalized support services that
will help our students achieve their career and personal
goals."
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 ("Global Campus" or "UAGC") is an
independent university that is operated in affiliation with the
University of Arizona. Global Campus is
designed to provide flexible opportunities for working students
from diverse backgrounds who seek to gain knowledge and skills that
will help them to achieve their life and career goals. Global
Campus builds 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. Global Campus
is accredited by the Western Association of Schools and Colleges
Senior College and University Commission (WSCUC) and is one of the
nation's most innovative online universities with approximately
35,000 students. UAGC ranks No. 2 in the U.S. with 318 Quality
Matters (QM) certified courses and has more than 50 degrees at the
associate, bachelor's, master's and doctoral levels. For more
information, visit uagc.edu.
Contact: Alanna Vitucci
alanna.vitucci@zovio.com
858 668 2586 x11636
View original content to download
multimedia:http://www.prnewswire.com/news-releases/zovio-announces-historic-higher-education-transaction-301182116.html
SOURCE Zovio