CHICAGO & ORLANDO, Fla.--(BUSINESS WIRE)--In response to the rapidly growing and changing market for online degree programs, Embanet and Compass Knowledge Group today announced that they have merged, creating a combined company that is positioned to provide an industry-leading comprehensive suite of online learning services to universities and colleges. Effective today, the new entity is operating under the name Embanet-Compass Knowledge Group.
Embanet-Compass Knowledge Group brings together two of the leading organizations serving the not-for-profit online higher education market. Embanet and Compass share a common mission and service model to help colleges and universities ensure quality outcomes for students and expand their reach through online degree programs, both nationally and internationally. The combined strengths of these two organizations will create the stability and agility required to meet the growing global demand for online learning. The mission of Embanet-Compass is to assist traditional institutions in launching and managing large, successful online degree and certificate programs in a highly competitive environment.
The united strengths of Embanet and Compass will create a world-class company that can adapt to changing market conditions and continue to innovate in all areas of online services. For academic partners and clients of Embanet-Compass, it means a winning combination of the personalized service they have come to expect from both companies plus a fusion of the firms’ best practices and innovation—enabling them to grow their online degree programs while maintaining the highest standards for academic quality.
“In the next five years, we expect nearly 4 million new online learners will come into this market,” said Steve Fireng, Chief Executive Officer of Embanet. “This merger represents an exciting opportunity for two leaders in our industry to create an even stronger, long-term relationship with our academic partners. We are excited about the opportunity to increase our ability to respond to our academic partners’ needs and help them reach more online learners to achieve their enrollment and academic goals.”
Both organizations are committed to continuity of service to their existing partners and clients while building a robust company that will benefit its combined partner community. As the thought leaders in the online learning services space, Embanet-Compass will inspire best practices and innovation in its partner and client institutions, which will set the standard for quality online education.
“Having been in the industry since its inception, we recognize the significance of this point in the evolution of online learning,” said Dan Devine, Chief Executive Officer of Compass. “We’re excited about joining forces with Embanet to deliver unparalleled services that allow our academic partners to deliver world-class education to the world.”
With the merger, Steve Fireng becomes the Chief Executive Officer of the combined company, and Dan Devine, current CEO of Compass, becomes Vice Chairman of the Embanet-Compass Board of Directors. Gloria Pickar will join the executive leadership team of the combined firm as Group President and Chief Academic Officer. Paul Gleason will serve as Chief Operating Officer. The merged organization will draw on the talented group of leaders from both companies. For more information, visit the Embanet-Compass Knowledge Group website at www.embanetcompass.com.
About Compass Knowledge Group
Since 1993, Compass (www.compassknowledge.com) has been the pioneer and premier provider of distance learning services to prominent non-profit higher education institutions, helping them plan, implement, and operate successful online undergraduate and graduate degree programs. Compass provides the entire complement of online learning support services—including market research, program marketing, student recruitment, instructional design and technology, student retention support, faculty training and support, technical helpdesk, and online bookstore—enabling their partners to concentrate on delivering high-quality academics. Compass Knowledge Group’s success is based on a history of predictable performance that far exceeds industry standards. Compass services many colleges and universities including University of Cincinnati, Boston University, Ohio University, University of Florida, University of New England, Eastern Kentucky University, and Florida Hospital College of Health Sciences.
About Embanet, ULC
Founded in 1995, Embanet (www.embanet.com) is the world leader in providing a full range of online learning services to postsecondary educational institutions. Embanet preserves academic integrity and maximizes student enrollment and graduation by providing capital and expertise in program development, marketing and enrollment, student services and technology support. Embanet serves over 50 colleges and universities, including many top research institutions, such as Vanderbilt University, University of Southern California, Boston University, George Washington University, Northeastern University, Ohio University, and Kent State University.
Trademarks and registered trademarks are the properties of their respective owners.