Sunday, December 27, 2015

The for-profit education company targeting the whole world - Gary Gately, CNBC

Laureate Education gets 84 percent of its revenue from outside this country, most of it from Latin America. There, nations lack the infrastructure of established universities that the U.S. has, and their development means a steady demand for educated workers and training, the company argues in its IPO paperwork. (It filed for an IPO in October, but IPO watchdogs don't expect the deal to occur until next year.) "The world embraces the power and importance of education and is seeking new ideas and technologies to deliver better education to more people at an affordable cost," Laureate founder and CEO Douglas L. Becker wrote in a letter in Laureate's IPO prospectus in the fall. "We believe we are uniquely positioned to meet this need through our unparalleled scale and resources, and our growing capacity to provide our intellectual property and services to other universities and governments." http://www.cnbc.com/2015/12/15/a-controversial-education-model-us-is-exporting-to-the-world.html

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