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 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.”
For students, the Vice-Chancellor has provided a specific update. See here.