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Fast Company Magazine Names Kaplan Among World’s 10 Most Innovative Education Companies

Stocks in this article: GHC

Kaplan, Inc., the global education services company and largest subsidiary of Graham Holdings (NYSE:GHC), was named (No. 3) among the ten most innovative education companies in Fast Company magazine’s annual ranking of the world’s Most Innovative Companies for 2014.

Fast Company highlighted Kaplan’s 75 years of industry leadership and continuous evolution to meet students’ changing learning needs and their needs to succeed in a changing job market. Specifically, the publication cited as examples: Kaplan’s embrace of new “techcentric curriculums,” such as Kaplan University’s piloting of gamification platform Badgeville to boost student grades; the graduation of 10 edtech startups through its inaugural Kaplan EdTech Accelerator, powered by Techstars; the launch of its own startup Metis which offers Ruby on Rails web developer boot camps; and Kaplan Test Prep’s strategic acquisition of online test-prep provider Grockit.

The Most Innovative Companies is Fast Company’s most significant, high-profile editorial effort of the year. Its editorial team spends months gathering and sifting data, to identify those enterprises that exemplify the best in business from across the economy and around the world. The editors say they aim to pick a list “that dares to be different, emphasizing not just revenue growth and profit margins but also progressive, sustainable business models and an ethos of creativity.”

Included in the issue are rankings of the Top 10 Most Innovative Companies in 10 critical areas, such as education.

“This great honor from Fast Company recognizes the many, many things our 20,000-plus Kaplan employees across the globe are doing each day to innovate, improve and even disrupt the education status quo in order to achieve the best learning outcomes for our students,” said Andrew Rosen, Kaplan, Inc. chairman and CEO.

“Stanley Kaplan began the company 75 years ago in his parents’ basement—perhaps the original edtech startup. After creating the test-prep business and forever changing college admissions in the process, Kaplan’s history has been to innovate continually with the aim of expanding educational access and helping students reach their goals. Now, with education poised to change more in the next 25 years than it has in the past 250, Kaplan continues to deepen its ‘transformative’ roots as we move forward to help make education more affordable, outcomes focused, personalized, global, and accessible.”

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