Initially, Kaplan Global Solutions will provide a range of online learning tools, curriculum research and design services, and technology based educational platforms to assist colleges and universities to enhance the enrollment of students worldwide, and build up novel education programs to woo perpetual learners.
Kaplan Global Solutions, which is part of the Kaplan Ventures division, also has units in Europe and Asia-Pacific. Anne K. Keehn has been named as the President of Kaplan Global Solutions of the Americas.
Earlier, in a separate story, The Washington Post Company announced plans to shed approximately 770 employees or 5% of its workforce at its Kaplan Higher Education division, citing declining enrollments.
Total Kaplan Higher Education enrollments jumped 8% as of September 30, 2010 but slowed from 28% attained in the prior-year.
Kaplan Higher Education recently slashed 130 jobs in South Florida, as a part of its total employee reduction. The division, which is under review for possible prevarication about their financial aid, recruitment procedure and accreditation, defended itself by informing that the work-force reduction does not relate to any pending lawsuit.
The division notified that it will now be more selective while enrolling students, who would be required to undergo meticulous academic evaluation and meet their financial commitments.
The current potential risk looming over the education sector is the regulation proposed by the Department of Education that may weigh upon students' enrollments and the company's profits.
Currently, we have a Neutral rating on The Washington Post Company.
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