University of Phoenix (UOP), a subsidiary of Apollo Education Group, Inc. APOL, recently entered into a strategic alliance with Ingram Micro Inc. IM. Per the deal, UOP will provide Ingram’s channel partners and vendors with training and degree programs in order to upgrade skills critical to the organization.
These new educational services will be provided as part of Professional Services organization of Ingram Micro, which is a leading global distributor of information technology (IT) products and services.
Although IT business owners and service providers have strong industry knowledge, enhanced entrepreneurial and business training will help these individuals to maximize their contribution to their organization’s success.
Meanwhile, Apollo Education Group’s partnership with corporate clients like Ingram Micro will contribute to its enrollment growth. These alliances also enable the education company to understand skill requirements of the industry. This, in turn, helps the company to design its programs such that they are in sync with the demand in the industry. Eventually, this boosts employability of students as well as their outcome. Apollo Education Group has consistently strived to improve the academic quality of its programs.
This is more evident as UOP inaugurated the Center of Research Excellence (CORE) in Washington, D.C in Sep 2015. CORE will provide students of University of Phoenix’s College of Security and Criminal Justice with career-oriented education in the fields of security, criminal justice and technology. It will research on current trends and produce high-quality scholarly materials. The institute will also work in partnership with other industry associations, so that CORE can better understand security needs of these companies.
Apollo Education Group carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the education industry include New Oriental Education & Technology Group Inc. EDU, and TAL Education Group XRS. Both companies sport a Zacks Rank #1 (Strong Buy).
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