openPR Logo
Press release

Acquisition Establishes Global Platform for Capella

07-19-2011 09:04 AM CET | Science & Education

Press release from: Resource Development International Ltd

MINNEAPOLIS, July 15, 2011 - Capella Education Company (NASDAQ: CPLA), a provider of online post-secondary education through its wholly owned subsidiary Capella University, today announced that it has acquired Resource Development International Ltd. (RDI), an independent provider of United Kingdom (UK) university distance learning qualifications, for £9.3 million ($14.9 million).

Capella’s acquisition of RDI enhances the Company’s leadership through access to the fast-growing international higher education market, with a significant presence in the UK and Commonwealth countries. Founded more than 20 years ago, RDI partners with a number of the top 100 universities in the UK to develop, validate and deliver UK higher education qualifications, predominantly through online courses. RDI had fiscal year 2010 revenue of £8.6 million.

“RDI’s position in both the global and the underserved UK higher education market, combined with its focus on UK university programs, dedication to academic quality and strong cultural fit make RDI an ideal partner for Capella as we further expand into the international market,” said Kevin Gilligan, chairman and chief executive officer of Capella Education Company. “We are excited about the opportunity to serve the large and growing international learner population through RDI’s online platform and strong academic credentials. They have a respected and strong leadership team and we are looking forward to them becoming part of the Capella team.”

“We are excited to join Capella,” said Dr. Philip Hallam, chief executive officer of RDI. “Capella’s ability to deliver exceptional learner experiences and learning outcomes is consistent with RDI’s academic culture and focus on quality. In addition, Capella’s strong marketing and learning technologies provide a significant opportunity to leverage our international presence and track record of successfully delivering UK higher education qualifications to students around the world.”

As a result of years of investment in its academic infrastructure, RDI has applied to the British Government (Privy Council) for Taught Degree Awarding Powers (TDAP). If awarded, TDAP will enable RDI to independently validate its own degrees going forward under the auspices of the Quality Assurance Agency (QAA), a Government body that reviews the standards and quality of all UK universities.

Gilligan continued, “RDI is an extremely attractive business with significant opportunity for long-term growth. Achieving TDAP will further expand RDI’s opportunities to grow and serve learners pursing online UK qualifications.”

The transaction, which was financed with cash on hand, is expected to be accretive to Capella’s earnings by 2013, and modestly dilutive in 2011 and 2012. Under the terms of the agreement, Capella will make an additional payment of £4.0 million (approximately $6.4 million) if TDAP is granted to RDI.
Forward-Looking Statements

Certain information in this news release regarding Capella’s business outlook, future financial and operating results, future enrollment, and overall future strategy and plans, are forward-looking statements, and are subject to the Safe Harbor provisions created by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current information and expectations and involve a number of risks and uncertainties. Actual results may differ materially from those projected in such statements due to various factors. For a discussion of the various factors that may cause actual results to differ materially from those projected, please refer to the risk factors and other disclosures contained in Capella’s previously filed Form 10-K, Forms 10-Q, and other filings with the Securities and Exchange Commission.

About Capella Education Company

Founded in 1991, Capella Education Company is a national leader in online education and parent company of Capella University, a regionally accredited* online university. Capella University offers online graduate degree programs in business, counseling, education, health administration, human resource management, human services, information technology, nonprofit management and leadership, nursing, psychology, public administration, public health, public safety, and social work, and bachelor's degree programs in business, information technology, nursing, psychology, public administration, and public safety. These academic programs are designed to meet the needs of working adults, combining high quality, competency-based curricula with the convenience and flexibility of an online learning format. Currently, Capella University offers 44 graduate and undergraduate degree programs with 136 specializations. As of March 31, 2011, nearly 40,000 learners were enrolled. For more information about Capella Education Company, please visit http://www.capellaeducation.com. For more information about Capella University, please visit http://www.capella.edu or call 1.888.CAPELLA (227.3552).
*Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), http://www.ncahlc.org. Capella University, Capella Tower, 225 South Sixth Street, Ninth Floor, Minneapolis, MN 55402, 1.888.CAPELLA (227.3552), www.capella.edu.

About Resource Development International Ltd.

Founded in 1990, Resource Development International Ltd. (RDI) is an independent provider of UK University qualifications by distance learning. From their headquarters in Coventry, UK, RDI markets, develops and delivers these programs worldwide via its offices and partners across Asia, North America, Africa and Europe. RDI’s online distance learning offerings span from degree-entry programs to doctoral level programs and are offered in a variety of disciplines, including business, management, psychology, law, and computing. In 2009 RDI supplemented its distance learning efforts through The Institute of Business and Management (IBAM) to also provide campus study opportunities for UK university validated* degrees and masters qualifications in the UK and Hong Kong. RDI partners with respected UK universities to provide validated degrees and masters programmes through its Professional Pathways portfolio, designed to provide students with the flexibility required to balance studies with work and life commitments. For more information about RDI, please visit www.rdi.co.uk. For more information about The Institute of Business and Management, please visit www.ibam.co.uk .
*The Quality Assurance Agency for Higher Education (QAA) audits UK Higher Education Institutions. All RDI partner universities have been audited by the Quality Assurance Agency.

RDI is the best distance learning hub of management education in the UK. Being in partnership with the premier UK universities, RDI conducts higher education courses including professional development programmes through distance learning. RDI is the ultimate stop for distance learning based management study.

Midland Management Centre
1A Brandon Lane
Coventry, CV3 3RD
England

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Acquisition Establishes Global Platform for Capella here

News-ID: 184003 • Views: 1937

More Releases from Resource Development International Ltd

RDI Opens the Door for Learners at May-End via Distance Learning Programs
Many thousands of students and professionals around the world are beginning their studies at the end of May by enrolling onto a distance learning programme. RDI offer a variety of distance learning courses, including degree, Masters and MBA courses awarded by UK universities. Online distance learning is the modern and affordable way for students from all walks of life to come together in a virtual learning environment, sharing experiences and learning
Advance your studies through Distance Learning courses
Study in the UK is currently in an uncertain period, as the cap for tuition university fees was increased by the UK government in 2011. Many students are being forced to consider the value of a UK university qualification, but distance learning is one route that is proving to be fantastic value. With lower fees than traditional campus-based study and the opportunity to work full-time alongside studying, distance learning is becoming
RDI offers MBA programs for aspirants in South Africa
Students in South Africa can avail an MBA degree by getting enrolled in the same under RDI. The courses are strategically designed so as to balance education and profession simultaneously. Most importantly the degrees offered here are accredited by a UK university. Unlike a traditional university, RDI offers the opportunity for students in South Africa to study an MBA in a very flexible format. Students are able to fit their study
Distance Learning MBA Helps Students to Grow Faster and Better
A distance learning MBA or degree could be the lifeline that many people need during the tough global economic downturn. Online degrees offer a flexible and affordable way to study a UK university qualification, whilst still maintaining a full-time career. Many people choose to study online degrees through RDI - a distance learning provider with Headquarters in Coventry, UK and over 20 years experience. One distance learning MBA student recently told RDI:

All 4 Releases


More Releases for RDI

RDI offers MBA programs for aspirants in South Africa
Students in South Africa can avail an MBA degree by getting enrolled in the same under RDI. The courses are strategically designed so as to balance education and profession simultaneously. Most importantly the degrees offered here are accredited by a UK university. Unlike a traditional university, RDI offers the opportunity for students in South Africa to study an MBA in a very flexible format. Students are able to fit their study
Distance Learning–Career Enhancement Programs from RDI
Distance learning is fast becoming a hugely popular way to study, and RDI have noticed a shift in the way people choose to study in UK. With increasing family commitments, career pressures and the busy periods felt in everyday life, people find the flexibility of distance learning a great benefit. Study in UK universities is traditionally undertaken by 18 to 20 year olds, but more and more mature students are choosing
Distance Learning Degree: Ultimate Career Solution from RDI
A distance degree studies through RDI is equivalent to on-campus universities programmes in terms of quality, recognition and qualification. Students of RDI distance learning are awarded the same certificate as on-campus students. Studying a degree through RDI means earning the degree qualification from a UK university. The only difference is distance learning. RDI distance learning has made a huge difference in the way higher education programmes like MBA would be
Online MBA – Professional Course For RDI Learners
Online MBA courses are the modern way for practising managers to develop their skills and build on existing knowledge. RDI offer online MBA programmes awarded by the University of Wales, University of Sunderland and Bradford University. Entry requirements allow mature students entry provided they can demonstrate five years management experience, even if only associate degrees are held. Materials for online MBA and degree programmes are accessed through RDI’s unique online campus –
ILearn – Balance Your Career With Online Study Campus Of RDI Studying with RDI …
Studying with RDI allows students worldwide to study online degrees without the expense of studying on a university campus. The qualifications offered through RDI are awarded by UK universities including University of Wales, Teesside University and the University of Sunderland. Distance learning students have the opportunity to study a degree, masters or MBA through RDI’s online campus – ilearn. Interactive materials are available 24/7 through ilearn, along with discussion forums to
MBA In USA – A Professional Program Introduced By RDI
Distance learning is one of the best personal investments available, offering students the opportunity to study whilst maintaining a full time career. Hundreds of students every year choose to start their degree or MBA in USA and the surrounding countries. The degrees and MBAs offered through RDI are awarded by UK universities, meaning that students receive exactly the same certificate as if they had studied on campus. Studying an MBA in USA