Zovio - M&A Summary and Business Overview

EducationCompany

Zovio M&A Summary

Zovio has acquired 2 companies, including 2 in the last 5 years. It has also divested 3 assets.

Zovio’s largest acquisition to date was in 2019, when it acquired Fullstack Academy for $18M. Zovio has acquired in 2 different US states. The Company’s most targeted sectors include education (50%) and internet software and services (50%).

Zovio Business Overview

Where is Zovio headquartered?

Zovio is headquartered in Chandler, Arizona.

What is Zovio’s revenue?

Zovio disclosed revenue of 397M USD for 2020 and 418M USD for 2019.

What sector is Zovio in?

Zovio is an education company.

When was Zovio founded?

Zovio was founded in 1999.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity2
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Zovio

Zovio, Inc.

1811 East Northrop Boulevard,
Chandler, Arizona 85286
United States,
(858) 668-2586
www.zovio.com

Zovio is a of postsecondary education services and delivers programs primarily online, as well as at traditional campuses. Zovio was formed in 1999 and is based in Chandler, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.4/yr) # - - 2 - - - 2
vol $18M $18M
Sell (0.6/yr) # - - - 1 - 2 3
  5

Most Recent M&A

Company Date Value Type
Fullstack Academy, Inc. 2022-11-28 - Divestiture
New York, New York · www.fullstackacademy.com
TutorMe.com, Inc. 2022-06-27 - Divestiture
Los Angeles, California · www.tutorme.com
Ashford University 2020-11-16 - Divestiture
Alameda, California · www.ashford.edu
TutorMe.com, Inc. 2019-04-04 - Add-on Acquisition
Los Angeles, California · www.tutorme.com
Fullstack Academy, Inc. 2019-03-12 18M USD Add-on Acquisition
New York, New York · www.fullstackacademy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Education 1 (50%) 18M (100%) 2 (67%) -
Internet Software and Services 1 (50%) - 1 (33%) -
Total 2 $18M 3 -

By Geo

State/Country Buy Value Sell Value
United States 2 18M 3 -
  California 1 - 2 -
  New York 1 18M 1 -
Total 2 $18M 3 -

Deal Values

buy # Total
< $100M 1 $18M
TOTAL $18M
Largest Fullstack Academy, Inc.
$18M (2019-03-12)

M&A Connections

Deals
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Education

Revenue

397   6% 2020
418   6% 2019
443   8% 2018
478   10% 2017
527   7% 2016
562   13% 2015
639   15% 2014
751   21% 2013
943   2012
(millions of USD) Show More Show Less

Established

1999

Former Name

Bridgepoint Education, Inc.

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