
Kaplan, Inc., continued to evolve into a broad-based provider of education services and products, including several fast-growing e-commerce businesses. The company changed its name from Kaplan Educational Centers in December 1999 to reflect the transformation. Kaplan's revenues climbed to $257.5 million, and Kaplan achieved growth in each of its four operating divisions. Test Prep and Admissions had revenues of $156 million in 1999. The center-based business had another strong year. Revenues from its English-language business grew by 27 percent due to an expansion of offerings and strong international interest in American education. Kaplan also had strong growth in its courses for nursing, law, and medicine. Kaplan continued to expand its health sciences business and acquired the assets of Compass Medical Education Network, L.L.C., a Chicago-based company specializing in programs for medical students and physicians seeking professional licensure and continuing medical education. In the pre-college arena, Kaplan introduced the first national center-based college admissions courses. In the fall of 1999, Kaplan launched kaptest.com, making Kaplan's test prep and admissions courses available in new geographic markets and to students who value the convenience and accessibility of online education. Kaplan Publishing reached nearly a million students through books, software, and the Kaplan/Newsweek newsstand guides. With the increasing importance of statewide assessments, Kaplan Learning Services offered instruction, staff development, and curriculum to major city school systems and in the process reached thousands of students and teachers. Kaplan Professional broadened its educational and training solutions for companies and individuals with the acquisition of Schweser's Study Program for the Chartered Financial Analyst exam. Dearborn Publishing, a leading supplier of training and curriculum for securities, insurance, and real estate professionals, grew revenues by 20 percent. Revenues for Perfect Access, which delivers customized software education and consultation to law firms and businesses, increased by 33 percent. Also new in 1999 was the acquisition of Self Test Software, a world leader in certification practice tests for the IT industry. Kaplan continued to develop Call Center Solutions, which provides software to assist human resource services for the call center industry. KaplanCollege.com is a distance learning unit specializing in professional and higher education. In 1999 it offered degrees and/or certificates to 8,000 students in law, paralegal studies, legal nurse consulting, and criminal justice. KaplanCollege.com includes Concord University School of Law, the nation's first online law school, offering J.D. and Executive J.D. degrees to an untapped niche of professionals, family caretakers, and working students whose circumstances prevent them from attending a fixed-facility law school. Two hundred fifty students were enrolled in Concord at year end. KaplanCollege.com will introduce new professional and higher education programs in 2000. SCORE!, a leading provider of after-school learning programs for children as well as educational resources for parents, posted revenues of $23 million. Its after-school learning centers, where children in grades K through 12 develop academic skills and confidence in a high-energy, multimedia environment, opened its 100th center in 1999 and served 40,000 students. SCORE! Prep serves high school students with in-home tutoring for standardized tests and academic subjects. eSCORE.com is the first educational services website designed to help parents of children - newborn to age 18 - determine the best activities, products, and services for their children's education and development. BrassRing, Inc., is a business-to-business hiring management and recruitment company that Kaplan helped create in 1999. Kaplan contributed a number of business units to the new company, including HireSystems, a leading provider of Web-based hiring management systems, and Career Services, one of the largest providers of career fairs in North America. BrassRing's mission is to help employers hire better people faster. Its method is to provide a comprehensive and integrated portfolio of customizable online and offline services. These services will run from event-based and online sourcing of candidates, to company-wide applicant tracking and hiring management systems. BrassRing results are reported on the "equity in affiliates" line.
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