Capella Education Company Acquires Resource Development International for $14.9M

Capella Education Company CPLA today announced that it has acquired Resource Development International Ltd., an independent provider of United Kingdom university distance learning qualifications, for £9.3 million ($14.9 million). As a result of years of investment in its academic infrastructure, RDI has applied to the British Government (Privy Council) for Taught Degree Awarding Powers. If awarded, TDAP will enable RDI to independently validate its own degrees going forward under the auspices of the Quality Assurance Agency, a Government body that reviews the standards and quality of all UK universities.