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Apollo Education Group history
Apollo Education Group company history timeline
Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy.
Corporate revenues for the year ending August 31, 2005 were $2.251 billion.
In 2008, Apollo Group formed a joint venture with Carlyle Group, called Apollo Global, to make international acquisitions.
Apollo Education's annual revenue peaked at $4.9 billion in 2010, when the company counted 477,000 students.
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 Apollo Group announced quarterly results on 30 June 2011.
As of 5 October 2011, Apollo Group had a market capitalization of $5.36 billion and a price-to-earnings ratio of 13.22.
Apollo Education counted more than 11,000 Arizona workers in early 2012, but that had slipped to 5,700 last year, according to the Arizona Republic 100 report of the largest employers in the state.
Arizona State University eventually took control of Thunderbird in December 2014.
Sperling, a onetime San Jose University professor, died in 2014.
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."
Apollo Education's shareholders approved the acquisition in May 2016, and approvals also were given by the United States Department of Education and the Higher Learning Commission.
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.
3, 2016, the company reported that its enrollment of degree-seeking students had dropped to 139,000 and that its quarterly revenue had slipped to $484 million.
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Apollo Education Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CFA Institute | 1947 | $168.0M | 2,446 | 16 |
| Career Education | 1994 | $681.3M | 4,000 | - |
| Citi | 1812 | $74.3B | 210,000 | 1,208 |
| Thomas Jefferson School of Law | 1995 | $38.3M | 207 | - |
| Zovio | 2004 | $263.0M | 1,970 | - |
| Professional Examination Service | 1971 | $50.0M | 50 | - |
| Global Exchange | 1988 | $1.8M | 47 | - |
| Credit Union National Association | 1934 | $39.0M | 522 | - |
| Rnb Construction, Inc | - | - | - | - |
| HIMSS | 1993 | $13.0M | 375 | - |
Apollo Education Group history FAQs
Zippia gives an in-depth look into the details of Apollo Education Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Apollo Education Group. The employee data is based on information from people who have self-reported their past or current employments at Apollo Education Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Apollo Education Group. The data presented on this page does not represent the view of Apollo Education Group and its employees or that of Zippia.
Apollo Education Group may also be known as or be related to Apollo Education Group, Apollo Education Group Inc, Apollo Education Group Inc. and Apollo Education Group, Inc.