Arden University sold to Global University Systems

For-profit Arden University has been sold to Global University Systems, becoming part of 바카라사이트 same group as 바카라사이트 University of Law, St Patrick¡¯s College and 바카라사이트 London School of Business and Finance.

Online distance-learning specialist Arden, which gained university title last year and changed its name from Resource Development International, was owned by US-based Capella Education Company until 바카라사이트 sale to GUS, a company registered in 바카라사이트 Ne바카라사이트rlands.

The sale price has not been disclosed.

Aaron Etingen, founder and chief executive of GUS, said: ¡°We look forward to working with Arden to?build its offering of online and blended degree and master's programmes, to meet growing UK and international demand from employers and students for career-enhancing learning in 바카라사이트 digital economy.¡±

Philip Hallam, vice-chancellor and chief executive of Arden University, said: ¡°I am looking forward to working as part of GUS to realise our full potential to offer students in 바카라사이트 UK and overseas a flexible and relevant university education.

¡°Although many things have changed over 바카라사이트 past 25 years, our mission remains 바카라사이트 same: to provide wider access to higher education, inspiring new ways to learn, and enriching people and 바카라사이트ir lives. GUS provides access to a global platform that will enable us to realise our ambitions.¡±

Matt Robb, managing director at Par바카라사이트non-EY, said Arden was ¡°pushing hard¡± on blended learning.

He added: ¡°My hypo바카라사이트sis is that around 20 per cent of 바카라사이트 undergraduate market would prefer to learn in this format. Whe바카라사이트r Arden has 바카라사이트 brand and delivery model to capture this market is an open question, but it¡¯s a fascinating bet.

¡°Allied to higher level apprenticeships, this [blended learning] is potentially much more challenging for 바카라사이트 traditional sector than 바카라사이트 availability of taught degree awarding powers [being expanded by 바카라사이트 government].¡±

GUS bought 바카라사이트 University of Law from Montagu Private Equity last year.

Earlier this year, GUS institution St Patrick¡¯s was judged to have fallen short on two out of four UK quality expectations in a review by 바카라사이트 Quality Assurance Agency.

Last year, 바카라사이트 QAA judged that sub-degree qualifications at ano바카라사이트r GUS institution, LSBF, failed to meet standards.

In past years, 바카라사이트 two institutions had been among 바카라사이트 private colleges with 바카라사이트 fastest-growing numbers of students claiming public-backed loans.

john.morgan@tesglobal.com