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Torrens University Australia, Think Education & Media Design School Boards announce new owner

November 5, 2020

Torrens University Australia, Think Education and Media Design School this evening proudly announced the change in its ownership to Strategic Education, Inc. (NASDAQ: STRA) from Laureate Education, Inc. (NASDAQ: LAUR).

Making the announcement, the Chancellor of Torrens University Australia, Mr. Michael Mann AM said the sale marks the beginning of an exciting new chapter.

“This is a remarkable on many levels,” Chancellor Mann said. “This change of hands during global disruption demonstrates just how solid our foundations are and a considerable vote of confidence not only in Torrens University Australia but also the Australian higher education sector. Torrens University is Australia’s newest university. But we are making enormous strides focussed on ensuring graduates are employable, maintaining strong industry partnerships and ensuring our research matters to society. Our uncompromising commitment to quality, will only be strengthened further by becoming part of Strategic Education Inc.”

Torrens University Australia President and CEO Linda Brown said the stage is now set for further innovation and ingenuity.

“Our focus is on meeting the future needs of industry and students, by ensuring higher education is relevant to students, connected to industry and globally focused. We are proud that Torrens University graduates are bold, creative, and fundamentally focused on being good as change makers and agitators.”

 “Joining Strategic Education further enhances our capacity to connect with learners around the world. It sharpens our focus on maintaining our innovative, global approach to higher education.” 

“What is unique is just, how strongly we are aligned in our missions to provide access to quality higher education that transform lives, careers and communities. At the core of this partnership with Strategic Education is our shared belief in using technology and innovation to enable unparalleled educational opportunities for learners and industry.”

Karl McDonnell, the CEO of the United States based Strategic Education, Inc. which includes in its network, Strayer University and Capella University, says the finalisation of this sale signals the start of a new chapter of growth, opportunity and innovation in higher education.

“It means we can now move to build a global network of excellence in education. Torrens University is very strongly positioned already in Australia and the Asia Pacific. But we also know that in the higher education market of the Asia Pacific region, there is fast-growing demand for quality education services built on solid foundations, innovation and leadership. We are combining our achievements in digital and creative technologies, health, hospitality, business and research – so we will forge a formidable presence in Asia and the Pacific.”

“In a few short years, Torrens University and its associated institutions have become one of the global success stories of higher education. What has been most impressive has been to witness the innovative approach and the success of Torrens University during the Covid-19 crisis. Now is the right moment to expand horizons and there is no organisation better placed than Strategic Education for this next chapter.”

Link to original release from July 29

Contact:

Bryce Ives, Vice President of Communications and Public Affairs

Mobile: +61 435 929 402

Email: bryce.ives@laureate.edu.au

 

Torrens University Australia 

As Australia’s first new university in more than 20 years, Torrens University brings a careers-focused and global perspective to Australian higher education. Home to over 19,000+ students from 117+ different countries, Torrens University has quickly become Australia’s fastest- growing University and boasts a credible industry-immersive difference, with 91% of our students beginning their career within 12 months of graduation. Offering high-quality, undergraduate, graduate, and specialised degree programs in a wide range of academic disciplines, Torrens University proudly delivers programs at campuses across Sydney, Adelaide, Melbourne, Brisbane, Auckland, China, and online. Torrens University’s vision, ‘We champion the power of people to connect the world for good’, and its values of beginning and ending with people, being good, being creative, being bold, and being global are at its core. The vision and values underpin the university and informs all the work done in our institutions. As a certified B Corporation®, and with the belief that when its students succeed, countries prosper and societies benefit, Torrens University has an unwavering commitment to producing global graduates with the skills to form strong industry connections, rooted in a culture of change-making and positive impact on society and environment.

Think Education  

Think Education is an Australian dual sector provider, offering learning options across as the Vocation Education and Training (VET) and Higher Education sectors. Founded in 2006 with the vision of bringing together Australia’s leading private colleges, Think Education is home to a suite of industry-respected institutions within the health sector including the Australasian College of Natural Therapies, Southern School of Natural Therapies, and Jansen Newman Institute. Closely aligned with Torrens University Australia, Think Education proudly boasts campuses across Sydney, Brisbane, Melbourne, and Adelaide and offers a range of learning options, from short courses to Bachelor’s and Master’s level degrees, to more than 1,500 current students across face-to-face and online platforms. This alignment is reinforced by the shared vision, ‘We champion the power of people to connect the world for good’, which underpins both Think Education and Torrens University Australia.

Media Design School 

Media Design School (MDS) is New Zealand’s most awarded tertiary provider for digital and creative technology qualifications. It is the number one ranked 3D animation and visual effects school in New Zealand and is ranked within the top ten animation schools in the world. Founded in 1998, MDS was the first school in New Zealand to recognise the growing influence of emerging creative industries - such as Game Development, Animation, and Digital Design - and develop qualifications to fuel them with talented and world-class graduates. Offering online and on-campus learning options at its Auckland location, the School is now home to nearly 1,000 students and boasts a global alumni community who can be found working at the likes of Weta, Disney, Saatchi + Saatchi, Blizzard, and more. A proud partner of PlayStation and IBM, the School is committed to offering industry-aligned qualifications, as well as supporting the local community in which it operates. Media Design School and Torrens University share a common vision and values. The shared vision ‘We champion the power of people to connect the world for good’, underpins and informs everything the institutions do. 

Strategic Education, Inc.

Strategic Education, Inc. (NASDAQ: STRA) (www.strategiceducation.com) is dedicated to helping advance economic mobility through higher education. We serve working adult students all over the globe through our core focus areas: 1) U.S. Higher Education, through Strayer University and Capella University, each institutionally accredited, and collectively offer flexible and affordable associate, bachelor’s, master’s and doctoral programs including the Jack Welch Management Institute at Strayer University; 2) Alternative Learning, encompassing Sophia Learning, self-paced general education courses that are ACE-recommended for college credit; Workforce Edge, a full service, online employee education management portal; Digital Enablement Partnerships, helping advance capabilities in course development, online delivery and student support; and non-degree web and mobile application development courses through Hackbright Academy and Strayer University’s DevMountain; and 3) Australia/New Zealand, comprised of Torrens University, Think Education and Media Design School operations in Australia and New Zealand. This portfolio of high quality, innovative, relevant, and affordable programs and institutions helps our students prepare for success in today’s workforce and find a path to bettering their lives.

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