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INTERNET | Internet Software & Services / Education & Training
embanet.com

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Founded Year

1995

Stage

Acquired | Acquired

Valuation

$0000 

Revenue

$0000 

About EmbanetCompass

Embanet provides non-profit educational institutions with the capital and support needed to launch successful, fully online degree programs. It works with institutions to design and build courses, train faculty on the applications they'll be using, and provide live technical support 24/7.In October 2010, Embanet was merged with the Compass Knowledge Group and the new entity, Embanet-Compass Knowledge Group was formed.EmbanetCompass partners with North American non-profit colleges and universities to provide online learning solutions. It provides a full range of services including program design and development, marketing and student recruitment, faculty training and support, student retention and learning analytics, student services (counseling, tutoring, mentoring), technology support and launch funding.In October 2012, EmbanetCompass was acquired by Pearson. The valuation of EmbanetCompass was $650 million. Other terms of the deal were not released.

EmbanetCompass Headquarter Location

50 Northwest Point Blvd 5th Floor

Elk Grove Village, Illinois, 60007,

United States

416-494-6622

Latest EmbanetCompass News

Reuters - EmbanetCompass Kicks Off Sale

Aug 2, 2012

Reuters – EmbanetCompass Kicks Off Sale August 2, 2012 By Reuters News EmbanetCompass Group Inc., a provider of online higher education services backed by one-time “junk bond king” Michael Milken, has kicked off a sale of the company, asking prospective buyers to submit bids next week, Reuters reported. Bain Capital, Providence Equity Partners, Hellman & Friedman and Advent International Corp. are among the firms considering making offers for the business, which could be valued between $550 million and $825 million, the people said. Private equity-backed Cengage Learning is also among the few trade buyers considering an offer, Reuters wrote. (Reuters) – EmbanetCompass Group Inc, a provider of online higher education services backed by one-time “junk bond king” Michael Milken, has kicked off a sale of the company, asking prospective buyers to submit bids next week, people familiar with the matter said. EmbanetCompass, which partners with more than 35 not-for-profit colleges and universities on online courses, has tapped Morgan Stanley (MS.N) to run an auction and has asked for bids by August 7, two of the people said. Bain Capital LLC, Providence Equity Partners LLC, Hellman & Friedman LLC and Advent International Corp are among the firms considering making offers for the business, which could be valued between $550 million and $825 million, the people said. Private equity-backed Cengage Learning is also among the few trade buyers considering an offer, the people said. The firm could also prove attractive to strategic buyers, they added. Spokespeople for Embanet, Milken, Cengage, Hellman & Friedman and Advent did not respond to a request for comment while Bain, Morgan Stanley and Providence declined to comment. EmbanetCompass was formed in 2010 with the merger of Embanet and Compass Knowledge Group, three years after Knowledge Universe Limited LLC, an education firm run by Michael Milken and his brother Lowell, and investment firm Technology Crossover Ventures announced they would become investors in Embanet. Michael Milken – a pioneer of high-yield debt known as junk bonds, a philanthropist and an exile from the U.S. securities industry who served time in prison for securities fraud – is chairman of the Milken Institute, an economic think tank whose annual conference in Los Angeles attracts major leaders of business and government. Technology Crossover Ventures, a technology-focused private equity firm with $7.7 billion in capital under management, boasts Facebook Inc (FB.O), Netflix Inc (NFLX.O), Groupon Inc (GRPN.O), Expedia Inc (EXPE.O) and Orbitz Worldwide Inc (OWW.N) among its investments. (Reporting by Nadia Damouni and Greg Roumeliotis in New York)  

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