Kaplan Completes SmartPros Acquisition Expanding Its Continuing Education Offering in Accountancy and Financial Services
23 December 2015 - 5:43AM
Business Wire
Kaplan, Inc., the global education services company and largest
subsidiary of Graham Holdings (NYSE:GHC), completed its previously
announced acquisition of SmartPros, Ltd. (NASDAQ-CM: SPRO), a
leading provider of accredited professional education and training,
primarily in accountancy.
“We are extremely pleased to complete the acquisition and bring
the SmartPros team into the fold. This provides a domestic
complement to our existing global accountancy training programs,
enabling Kaplan Professional Education to deliver enhanced value to
current and future customers while better meeting the evolving
needs in the professional development marketplace,” said Dr. Andrew
Temte, CFA and President of Kaplan Professional Education.
SmartPros offers a broad suite of services and content in
accountancy continuing education. These include its well-known
Financial Management Network (FMN), CPA Report (CPAR) and SmartPros
Advantage (SPA) accounting subscription products. Its Financial
Campus product and Banking library delivers continuing education to
the financial services industry. SmartPros also offers accountancy
training to accounting professionals and corporations through its
Loscalzo Associates unit that qualifies practitioners for CPE
credits in accounting, auditing and assurance topics. Its library
of over 2,800 hours of primarily online education programming is
delivered via a modern, proprietary learning management system
(LMS) that enables clients to tailor their training
requirements.
The planned transaction was announced on October 21, 2015 and
subsequently approved by SmartPros’ shareholders.
http://www.businesswire.com/news/home/20151022005754/en/Kaplan-Acquire-SmartPros-Expanding-Continuing-Education-Offering.
About Kaplan
Kaplan, Inc. serves over 1.2 million students globally each year
through its array of higher education, test preparation,
professional education, English-language training, and university
preparation, and offerings to individuals, institutions, and
businesses. Across its 75-plus year history, first as small
test-prep pioneer and then an early online education leader and now
a global education provider, Kaplan has been recognized for
expanding educational access and using technology and learning
science innovations to continually improve outcomes for its
students and partners. Kaplan has operations in over 30 countries,
employs more than 19,000 full and part-time professionals, and
maintains relationships and partnerships with more than 1,000
school districts, colleges, and universities, and over 2,600
corporations and businesses.
Kaplan Professional Education helps professionals obtain
in-demand certifications, licensing and designations that enable
them to advance and succeed in their careers. Through live and
online instruction, Kaplan Professional Education
provides test preparation, licensing, continuing education,
and professional development programs to businesses and individuals
in the accounting, insurance, securities, real estate, financial
planning, and information technology, industries.
Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)
and its largest division. For more information, please visit
www.kaplan.com.
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Kaplan, Inc.Stephen White, 954-515-4124stwhite@kaplan.edu
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