Capella Education Company

Capella Education Company
Public
Traded as NASDAQ: CPLA
Industry Education
Founder Stephen Shank
Headquarters Capella Tower
Minneapolis, Minnesota, USA
Key people
 Kevin Gilligan, CEO
Services Online education
Number of employees
 1,278 faculty[1]
Website www.capellaeducationcompany.com
Entrance to Capella Education Corporation headquarters at 225 South Sixth in Minneapolis

Capella Education Company is an education services holding company which owns for-profit, online Capella University and other assets.

What is now the Capella Education Company was founded in 1991 by Stephen Shank, former CEO of Tonka Corporation. In 1993, it opened The Graduate School of America (TGSA). In 1999, the company and university were renamed to their current, Capella Education Company and University. In 2003, the company was named to Inc. magazine's Inc. 500 Hall of Fame after being named one of America's 500 Fastest-Growing Private Companies for the fifth year in a row. Prior to going public the company raised more than $67 million from private investors, including Maveron.

On January 8, 2005, Capella Education Co. said it had two new investors following deals totaling more than $60 million.[2] The company announced its intentions to go public with an initial public offering in April 2005. It reported 2005 earnings of $10.2 million on sales of nearly $150 million. On November 9, 2006, it completed a public offering that raised $80 million.

In March 2008, Capella Education Co., longtime occupant the 225 South Sixth skyscraper in downtown Minneapolis, signed a new lease that will change the name of the building to Capella Tower. The expanded facility will house all of the company's 1,150 downtown Minneapolis employees Capella; as the online school does not have classrooms, the space houses administrative staff and faculty. The name change is scheduled to take place on March 2009.[3]

In July 2011, Capella Education Company acquired the UK based Resource Development International Ltd (RDI), gaining them access to the fast-growing international higher education market, with a significant presence in the UK and Commonwealth countries.[4][5] In August 2015, RDI received approval in the UK to become the newly formed Arden University.[6][7]

In April 2016, Capella Education Company acquired the software engineering school for women, Hackbright Academy and the nationally-leading coding bootcamp, DevMountain. [8]

References

  1. ↑ "Company Profile for Capella Education Co (CPLA)". Retrieved 2008-10-22.
  2. ↑ "CAPELLA INVESTORS BUY $60M WORTH OF SHARES".
  3. ↑ Sam Black, Capella lease to rename 225 South Sixth, Minneapolis / St. Paul Business Journal, March 20, 2008.
  4. ↑ Wall Street Journal Online Edition http://online.wsj.com/article/BT-CO-20110715-705702.html
  5. ↑ Capella Education Company News Release "Archived copy". Archived from the original on 2011-07-21. Retrieved 2011-07-19.
  6. ↑ MarketWatch.com RDI, Subsidiary of Capella Education Company, Approved to Operate as Arden University in the United Kingdom
  7. ↑ Times Higher News, For-profit RDI granted university status
  8. ↑ "Hackbright Academy Joins Capella Education Company to Further Goal of Closing the Gender Gap in Software Engineering".

External links

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