Full Description

Apollo Group, Inc. (Apollo Group), incorporated in 1981, is a private education provider. The Company offers educational programs and services both online and on-campus at the undergraduate, graduate and doctoral levels through its wholly-owned subsidiaries, The University of Phoenix, Inc. (University of Phoenix), Western International University, Inc. (Western International University), Institute for Professional Development (IPD), The College for Financial Planning Institutes Corporation (CFFP), and Meritus University, Inc. (Meritus). The Company has a joint venture with The Carlyle Group (Carlyle), called Apollo Global, Inc. (Apollo Global), to pursue investments primarily in the international education services industry. As of August 31, 2009, Apollo Group owned 86.1% of Apollo Global, with Carlyle owning the remaining 13.9%. During the fiscal year ended August 31, 2009 (fiscal 2009), Apollo Global completed the acquisitions of BPP Holdings plc (BPP) in the United Kingdom, Universidad de Artes, Ciencias y Comunicacion (UNIACC) in Chile, and Universidad Latinoamericana (ULA) in Mexico.

University of Phoenix offers associate’s, bachelor’s, master’s and doctoral degrees in a variety of program areas. University of Phoenix offers its educational programs worldwide through its online education delivery system, and at its campus locations and learning centers in 39 states and the District of Columbia, and Puerto Rico. University of Phoenix’s online programs are designed to provide uniformity with University of Phoenix’s on-campus operations, which enhances University of Phoenix’s ability to expand into new markets while maintaining academic quality. University of Phoenix has customized computer programs for academic quality management, faculty recruitment and training, student tracking and marketing. During fiscal 2009, University of Phoenix’s net revenue represented approximately 95% of its consolidated net revenue.

Western International University offers associate’s, bachelor’s and master’s degrees in a variety of program areas, as well as certificate programs. Western International University offers its undergraduate program courses at its Arizona campus locations and online at Western International University Interactive Online. IPD provides program development, administration and management consulting services to private colleges and universities (Client Institutions) to establish or expand their programs for working learners. These services typically include degree program design, curriculum development, market research, student recruitment, accounting, and administrative services. CFFP provides financial services education programs, including a Master of Science in three majors, and certification programs in retirement, asset management, and other financial planning areas. CFFP offers these programs online and from its headquarters in Colorado.

Meritus offers degree programs online to working learners throughout Canada and abroad. BPP is a provider of education and training to professionals in the legal and finance industries. UNIACC is an arts and communications university, which offers bachelor’s and master’s programs on campuses in Chile and online. ULA offers degree programs at its four campuses throughout Mexico. The Company also operates online high school programs through its Insight Schools, Inc. (Insight Schools), a wholly owned subsidiary.