Bridgepoint Education Rebrands, Charts Arizona Location - NBC 7 San Diego
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Bridgepoint Education Rebrands, Charts Arizona Location

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    NEWSLETTERS

    Bridgepoint Education Rebrands, Charts Arizona Location
    Bridgepoint Education CEO Andrew Clark during a visit to NBC 7 in 2010.

    Over 800 roles at Bridgepoint Education will be moved to Chandler, Arizona, in the next two years. The for-profit education firm, which also chose to rebrand under the name Zovio – from the Greek word ‘sophos’ – said it plans to continue operating in San Diego as it transfers 200 jobs to the greater Phoenix area this summer.

    Zovio was reported to have inked a lease for 130,000 square feet at Irgens’ Ascend at Chandler Airport Center project last August. Irgens said the for-profit education firm leased the space for 11.5 years and will take possession of it in mid-April 2019.

    Zovio’s listing in the New York Stock Exchange and Nasdaq will begin to trade under ‘ZVO’ on April 15, according to a news release from the company.

    The SDBJ previously covered the education company’s reported net income of $4.3 million on revenue of $114.9 million during Q3 2018. The company stated it closed 2018 with a Q4 revenue of $94.7 million. Zovio said its yearly revenue for 2018 reached $443.4 million while it registered net income of $4.6 million.

    The company absorbed University of the Rockies into its Ashford University auxiliary in November 2018.

    Zovio announced plans to relocate April 2.

     Additional stories from the San Diego Business Journal are available here. Sign up for their free daily email newsletter.

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