Zovio

Overview
News
Higher EdTech?
Product stageSegments
Growth
?
Learning content: library, design and creation, content creation tool
?

Zovio was an education technology services company that partnered with higher education institutions and employers to deliver innovative learning solutions. The company originated as Bridgepoint Education, a for-profit online college operator that owned Ashford University. In 2019, Zovio rebranded and acquired TutorMe, an online tutoring service, and Fullstack Academy, a coding bootcamp. In 2020, Zovio sold Ashford University to the University of Arizona, which renamed it University of Arizona Global Campus (UAGC). Zovio initially continued providing online program management services to UAGC under a 15-year contract.

However, Zovio's pivot to educational technology services did not prove successful. The company faced financial difficulties and legal challenges, including a USD 22.4 million fine in California for misleading students. In 2022, Zovio began liquidating its assets. It sold TutorMe for USD 55 million in May 2022. In July 2022, UAGC terminated its contract with Zovio and took over the educational services operations. By November 2022, Zovio had sold its final asset, Fullstack Academy, to Simplilearn and prepared to shut down operations completely. Throughout its existence, Zovio offered services such as marketing, recruiting, and online program management for higher education institutions. The company was headquartered in Chandler, Arizona.

Key customers and partnerships

Zovio's primary customer was the University of Arizona Global Campus, for which it provided educational technology services from 2020 to 2022. The company also partnered with other higher education institutions to deliver online learning solutions. In April 2022, two textbooks published by Zovio received awards from the Textbook & Academic Authors Association, highlighting the company's work in creating educational content.

Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Arlington VA USA
Founded year:
2004
Employees:
10,000
IPO status:
Public
Total funding:
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Last Funding:
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Last valuation:
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Key competitors
 
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