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New Acquisition and Name for Bridgepoint

April 4, 2019
 
 

Bridgepoint Education, which owns Ashford University, changed its name on Tuesday to Zovio Inc. And on Wednesday the company announced that it is acquiring TutorMe, an online tutoring provider.

The online tutoring will be part of Zovio's "education technology services ecosystem," Andrew Clark, Zovio's CEO, said in a written statement. That suite of services includes Fullstack Academy, a coding boot camp the former Bridgepoint announced earlier this month it would buy for about $20 million. Zovio also is relocating its headquarters from San Diego to Chandler, Ariz.

Since last year, Ashford, a large online institution, has been seeking to convert into a nonprofit university. 

"Zovio will work alongside education institutions, employers and learners to provide technology and services differentiated by meaningful insights gained through powerful data and analytics," said Clark, "which will enable our partners to address the skills-to-employment challenge."

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