2U has now been a public company for over a year, and that had what is easily the most successful education IPO in recent history. Shares have almost doubled from $13.00 at IPO to $25.50 last week. At the same time, there is a swirl of news around their new partner Yale and the Physician Assistant’s […]
Online Service Provider
Cal State Online: Public records shed light on what happened
Last month I shared the system announcement that the Cal State Online (CSO) initiative is finished. Despite the phrasing of “re-visioning” and the retention of the name, the concept of a standalone unit to deliver and market online programs for the system is gone. Based on documents obtained by e-Literate through a public records request:1 […]
Update on 2U: First full quarterly earnings and insight into model
2U, the online service provider that went public in the spring, just released its financial report for the first full quarter of operations as a public company. The company beat estimates on total revenue and also lost less money than expected. Overall, it was a strong performance (see WSJ for basic summary or actual quarterly […]
Clarifications on UF Online Payments to Pearson Embanet
I wrote a post over the weekend that included information from the Gainesville Sun about the University of Florida Online (UF Online) program and its expected payments to Pearson Embanet. Chris Newfield from Remaking the University also wrote on the subject today. Chris raises some very important issues in his post, including his point: Universities […]
Embanet and 2U: More financial insight into Online Service Providers
While I have written recently about UF Online and 2U, there is actually very little insight into the operations and finances of the market segment for Online Service Providers (OSP, also known as School-as-a-Service, Online Program Management). Thanks to 2U going public yesterday and the Gainesville Sun doing investigative work on UF Online, we have […]
2U’s Upcoming IPO: Filing estimates $533 million company value
One month ago 2U filed its registration for an IPO in 2014. 2U is an online service provider that helps traditional universities develop fully-online programs, currently based on 9 customers at the master’s level (see here for summary of revenue per student and per customer). On Monday the company set the terms for the IPO, […]
Four numbers to consider from 2U’s IPO filing
With the emergence of large-scale MOOCs over the past few years, it has become common to hear discussions of online education in terms of access and scale – access to low or no cost courses and scale of tens or hundreds of thousands of students. Of course MOOCs are but one form of online ed, […]