Trilogy Education Services

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For other companies named Trilogy, see Trilogy (disambiguation) § Business.
Trilogy Education Services
Websitetrilogyed.com

Trilogy Education Services (often shortened to Trilogy Education) is a New York City-based technology education company that offers non-credit technology training programs, colloquially known as coding bootcamps, through affiliate universities.[1] In-person courses are held on the affiliate university campus.[1] Revenue from the tuition is shared with the affiliate university.[1]

Program graduates receive a non-credited professional certificate from the partner school and career advisement. There is no job placement guarantee and no third-party verified jobs reports have been released, though outcome data is privately shared with partner universities. The partner schools do not regard program graduates as university alumni, nor program enrollees as university students. The programs cost US$10,000 to US$13,000[2] and are not eligible for federal loans, nor do students receive a Form 1098-T.

The company was founded in 2015.

2U in April 2019 for US$750 million.[4]

History

Trilogy Education was founded in 2015 by

Rutgers was the company's first university partner.[5]

In June 2017, the company received $30 million in a Series A funding round led by investment firm

Tecnológico de Monterrey (ITESM), to create a tech training program on ITESM's Mexico campus.[7] Trilogy Education also started working with the University of Toronto in Canada.[8]

In May 2018, the company received an additional $50 million, in a Series B funding round co-led by Highland Capital Partners,

Macquarie Capital and Exceed Capital.[9] At the time, the company reported it had 7,500 current students currently enrolled, and 2,000 graduates of its programs.[1] As of July, the company was working with 37 universities.[10] It also announced it was looking outside of North America for additional partnerships.[8]

In October 2018, Trilogy acquired The Firehouse Project, an online coding bootcamp, and JobTrack, an online career services customer relations management system.[11]

It was bought out by

2U in 2019 for $750 million, with $400 million in cash (in part with a short-term $250 million loan) and $350 million in newly issued shares of common stock.[12][13] The acquisition was managed by Citigroup and Morgan Stanley.[14] The acquisition increased 2U's number of university partners from 36 to 68, expanded its reach into the Mexican, German, Australian, and Canadian markets, and will allow for the company to reach a projected $1B in revenue in 2021.[12]

Prior to the buyout, Trilogy had planned an initial public offering.[15]

Business

Universities share their brands and facilities with Trilogy Education, and provide oversight of the curriculum, instructors, and student experience, in exchange for a share of the tuition revenue.

cybersecurity.[9] Students train in coding languages such as JavaScript, jQuery, Node.js, Java, HTML, CSS and Python, and the curriculum is developed centrally in GitHub.[9]

Revenue from the tuition is shared with the affiliate university.[1] Though the exact revenue split has not been publicly shared, similar programs have a 50/50 split.[1]

Partner schools included

University of California at Berkeley.[17]

Program graduates receive a

Income Share Agreements and there are no money-back guarantees.[2]
The affiliates schools do not regard program graduates as university alumni, nor program enrollees as university students.

The typical enrollee is a nontraditional student aged 31.[15]

Corporate training partnerships

Trilogy has corporate training programs for

TEKsystems at Southern Methodist University and General Electric at Georgia Tech.[2]

References

  1. ^ a b c d e f g "Trilogy Education's Unique Approach To Coding Boot Camps Helps It Raise $50 Million". Forbes. May 31, 2018. Retrieved January 19, 2022.
  2. ^ a b c d e "Do Your Homework Before Picking a Coding Boot Camp". U.S. News & World Report. 2019-05-28.
  3. ^ a b "Trilogy Education Services Raises $30 million to provide skill-based training". venturebeat.com. 2017-06-06. Retrieved 2018-09-12.
  4. ^ "Online Enabler Aims for Lifelong Learning". www.insidehighered.com. 2019-04-09. Retrieved 2019-05-31.
  5. ^ a b "The Invisible Boot Camp". insidehighered.com. 2017-05-17. Retrieved 2018-09-12.
  6. ^ "Trilogy Education raises $30M in Series A funding". NY Business Journal. 2017-06-06. Retrieved 2018-09-12.
  7. ^ "As US Tech Companies Look to Mexico, Coding Bootcamps Follow". edsurge.com. 2017-09-28. Retrieved 2018-09-12.
  8. ^ a b "Trilogy Raises $50M to Bring Bootcamps to Universities Around the Globe". edsurge.com. 2018-05-31. Retrieved 2018-09-12.
  9. ^ a b c "Trilogy Education gets $50M to build a market-driven bootcamp program for universities". techcrunch.com. 2018-05-31. Retrieved 2018-09-12.
  10. ^ a b "Penn's Boot Camp turns a gravedigger into a coder in 24 weeks". Philadelphia Inquirer. 2018-07-20. Retrieved 2018-09-12.
  11. ^ "Trilogy Education Acquires Two Companies to Broaden Its Jobs Reach - EdSurge News". EdSurge. 10 October 2018. Retrieved 1 June 2019.
  12. ^ a b Symington, Steve (2019-04-09). "Why 2U Just Dropped $750 Million on a Tech "Boot Camp" Start-Up". finance.yahoo.com. The Motley Fool. Retrieved 2019-05-31.
  13. ^ "2U to buy boot-camp provider Trilogy for $750 million". www.insidehighered.com. 2019-04-08.
  14. ^ "Education Company 2U to Buy Coding Boot Camp Firm Trilogy for $750 Million". www.bloomberg.com. 2019-04-08.
  15. ^ a b Busta, Hallie (2019-05-03). "How boot camps are bringing skills training to college". Education Dive. Retrieved 2019-05-31.
  16. ^ "UW offers coding camp for people looking to shift careers". seattletimes.com. 2018-05-10. Retrieved 2018-09-12.
  17. ^ "Another alternative revenue model for higher ed?". educationdive.com. 2018-05-21. Retrieved 2018-09-12.

External links

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