Global education provider Navitas will purchase a 51% share in the University of Canberra’s pathway college for $4.9m, it has announced. The partnership aims to boost enrolments, a Navitas spokesperson told The PIE News.
Universities will have to change if they want to survive in the transition to a more global education system, according to Rod Jones, the CEO of Navitas. He shared his insight on the origins of Navitas and how he sees global education evolving.
The number of student visas cancelled by the Australian government has more than tripled in the last two years as instances of falsified test results and/or financial documents have soared, meanwhile the number of students "course hopping" to unaccredited colleges is also a concern.
This week Navitas announced a ten-year agreement with Florida Atlantic University to establish a pathway programme marking its first significant partnership in the US in four years and reflecting the company's confidence in its university programmes despite seeing profits drop 31% in the year to June 30.
Global education provider Navitas is set to acquire California-based creative media college Ex’pression for US$13 million. The deal will be completed through the company’s media education subsidiary, SAE Institute Group. With campuses near San Francisco and San Jose, the move will double SAE’s locations in the state.
International education giant Navitas has returned to profit in FY2013 after a tough 2012, largely due to improved operating conditions in its biggest market, Australia. The firm, which offers pathway, English language, vocational and corporate courses in a number of countries, saw revenue climb by 6% to AUS$731.7m and net profit by 2% to $74.6m. This follows a 5% profit fall in 2012.