Stride, Inc.

Stride, Inc.

Stride, Inc.

Overview
Date Founded

2000

Headquarters

2300 CORPORATE PARK DR, HERNDON, VA, 20171, USA

Type of Company

Public

Employees (Worldwide)

4,950

Industries

Schools & Student Services
Consumer Services
Internet Software & Services

Company Description

In 1999, we set out to answer a call. It was a call voiced by a growing number of parents whose children's needs were not being met by traditional education models. Their children were bored by the pace of the traditional classroom, left behind by the pace of the classroom, or just getting lost in the shuffle. While traditional brick and mortar schools work for many children, they restrict many others for a variety of reasons. At K¹², our mission has remained steadfast: To provide any child access to exceptional curriculum and tools that enable him or her to maximize his or her success in life, regardless of geographic, financial, or demographic circumstance. We have become a leader in providing individualized, one-to-one learning solutions to students from kindergarten through high school across the country. These solutions have literally changed lives and opened up possibility for many children. Our biggest fans continue to be parents who are seeking to tap into their children's unique potential and who have seen what can happen when children can work at the right pace and with the tools, approaches, and content that make learning come alive

Contact Data
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Executives & Employees

Chief Executive Officer

Head of Institutional Products & Services

Chief Financial Officer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Senior Vice President & Chief Marketing Officer

Chief Information Officer & Senior Vice President

Senior Vice President & Chief Academic Officer

Senior Vice President & Chief Academic Officer

Chief Accounting Officer & Treasurer

President Career Learning Solutions

Board of Directors

Executive Vice President & Chief Financial Officer at Tegna, Inc.

Former Chief Executive Officer at NYC Leadership Academy

Chairman at Irish Technology Leadership Group, Inc.

Former Governor of Michigan

Latino Nonprofit Accelerator

Vice Chairman at KinderCare Education LLC

Chief Executive Officer at Barbara Bush Foundation For Family Literacy, Inc.

Limited Partner at Pine Brook Road Advisors LP

Former Treasurer & Chief Financial Officer at 2U, Inc.

Chief Executive Officer at Stride, Inc.

Paths to Stride, Inc.
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Stride, Inc.
Owners & Shareholders
Details Hidden

Rice Hall James & Associates (RHJ) currently offers five core investment strategies: Mid Cap Equity; Small Cap Equity; Micro Cap Equity; Small Cap Opportunities (formerly Small Cap Ultra Growth Equity); and Micro Cap Opportunities (formerly Micro Cap Ultra Growth Equity).For their Mid Cap Equity, Small Cap Equity and Micro Cap Equity strategies, RHJ uses a company-specific approach that focuses on identifying stocks of growth companies that are selling at a discount to those companies’ projected earnings growth rates (GARP). The firm primarily invests in companies with price/earnings ratios that are lower than those companies’ three- to five- year projected earnings growth rates,RHJ's Small Cap Opportunities and Micro Cap Opportunities strategies seek to take advantage of the long-term appreciation potential of smaller companies by performing disciplined fundamental research combined with the patience of longer-term holding periods. They seek to achieve above average risk-adjusted performance by selecting companies with higher estimated earnings growth rates, higher returns on invested capital, and better sustainability characteristics than that of each strategy’s benchmark.

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ASI utilizes various investment approaches when managing discretionary client accounts and providing recommendations to non-discretionary clients. They believe, given the inefficiency of markets, that competitive long-term returns are best achieved by identifying high quality stocks at attractive valuations and holding them for the long-term. It is also their belief that sound fundamentals drive stock prices over time. The firm employs a fundamental bottom-up investment approach based on a rigorous and disciplined proprietary research effort which originates with direct company due diligence visits.

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SFM is a value-oriented manager which utilizes a team approach to portfolio management and seeks to provide clients with superior long-term investment results that consistently outperform their benchmark objectives and expectations. The firm employs both fundamental and quantitative bottom-up research.

Recent Transactions
Details Hidden

Stride, Inc. purchases MedCerts LLC

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Stride, Inc., K12 Management, Inc. purchase Galvanize, Inc.

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Stride, Inc. purchases LearnBop LLC from Dreamit Ventures LLC

Insider Transactions
Details Hidden
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Transaction Advisors
Auditor

Advised onStride, Inc. issued USD Common Stock

Underwriter

Advised onStride, Inc. issued USD Common Stock

Underwriter

Advised onStride, Inc. issued USD Common Stock

Legal Advisor

Advised onStride, Inc. purchases KC Distance Learning, Inc. from Knowledge Learning Corporation

Investment Advisor

Advised onPansophic Learning US LLC purchases K12, Inc. /Post-secondary Business from Stride, Inc.

Director

Advised onPansophic Learning US LLC purchases K12, Inc. /Post-secondary Business from Stride, Inc.

Advisors & Consultants
Legal Advisor

Former Global Chair of Intellectual Property at Latham & Watkins LLP

Advisor

Partner at Drake Star Partners Ltd.

Legal Advisor

Partner at Kirkland & Ellis LLP

Clients

TO PROVIDE TUITION-FREE VIRTUAL EDUCATION THROUGH TECHNOLOGY.

OUR MISSION IS TO CREATE A CARING LEARNING COMMUNITY WHERE STUDENTS ACQUIRE KNOWLEDGE, SKILLS AND HABITS OF MIND TO THINK CRITICALLY, TO READ, WRITE, SPEAK AND LISTEN EFFECTIVELY; TO REASON MATHEMATICALLY; TO INQUIRE SCIENTIFICALLY; AND TO DEVELOP THE SOCIAL COMPETENCE THAT ENSURES MEETING THE REQIREMENTS FOR ACCEPTANCE TO A COMPETITIVE HIGH SCHOOL.

THE MISSION OF THE OHIO VIRTUAL ACADEMY IS TO EMPOWER STUDENTS WITH AN INNOVATIVE AND EFFECTIVE EDUCATIONAL PROGRAM THAT HELPS THEM ACHIEVE HIGH STANDARDS AND REACH THEIR FULL ACADEMIC AND SOCIAL POTENTIAL. THE VISION OF THE OHIO VIRTUAL ACADEMY IS TO CREATE A HIGH PERFORMANCE SCHOOL THAT EQUIPS TEACHERS AND PARENTS WITH THE TOOLS OF TOMORROW, THEREBY GIVING OUR STUDENTS ALL THE OPPORTUNITIES THEY NEED TO SUCCEED IN LIFE AND CREATING A NEW MODEL FOR THE TWENTY-FIRST CENTURY PUBLIC SCHOOL.

Key Stats and Financials As of 2020
Market Capitalization
$1.43B
Total Enterprise Value
$1.13B
Earnings Per Share
$0.6
Revenue
$1.04B
Net Profit
$24.5M
EBITDA
$106M
EBITDAMargin
10.19%
Total Debt
$235M
Total Equity
$675M
Enterprise Value / Sales
1.09x
Enterprise Value EBITDAOperating
9.55x
TEVNet Income
46.11x
Debt TEV
0.21x
Three Year Compounded Annual Growth Rate Of Revenue
5.41%
Non-Profit Donations & Grants
$1,000 - $2,499
2019
$1,000 - $2,499
2018
Political Donations
$2,000
2014
$500
2014
$1,000
2014
Investments
Details Hidden

LearnBop LLC provides educational technology. It offers an online math learning system. The firm's interactive solution enables personalized learning for students, providing questions, suggestions, hints, videos, and visuals, until they understand the math concepts and answer problems on their own. Its also provides a platform for teachers to keep track of students' progress and identify topics holding students back. The company was founded in May 2010 by Bharanidharan Rajakumar and Arthur Tu and is headquartered in New York, NY.

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Nepris, Inc. operates as a cloud-based technology platform, which connects teachers with experts and working professionals for online live interactions with students. It offers teachers the ability to see archived sessions for free, to sign-up for a license to request sessions of their own, or to participate in industry offered sessions at Nepris.com. The company was founded by Sabari Raja and Binu Thayamkery in 2013 and is headquartered in Plano, TX.

Investors
Details Hidden

Limited Partner at Lead Edge Capital Management LLC

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Constellation Technology Ventures (CTV) is the venture investing organization within Exelon Corporation, the nation’s leading competitive energy provider. CTV invests in companies representing innovative energy technologies and business models, building a portfolio that represents a broad range of development stages and technology types. CTV catalyzes growth for its portfolio companies by providing equity capital, management expertise and connectivity to the broad and diverse Exelon commercial enterprise.

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Managing Partner at Trailblazer Capital

Suppliers
Oracle Corp. Internet Software & Services | Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

iEnergizer Ltd. IT Consulting & Services | St. Sampson, United Kingdom

iEnergizer Ltd. engages in the provision of business process outsourcing services. It operates through the following segments: Business Process Outsourcing, Content Delivery, and Others. It provides accounts receivable, document processing, electronic learning development and support, content delivery, and back office operation services. The company was founded by Anil Aggarwal on May 12, 2010 and is headquartered in St. Sampson, Guernsey.

D2L Corp. Other Business & Consulting Services | Kitchener, Canada

D2L Corp. provides cloud-based learning environment and solutions. It specializes in learning solutions in an open and extensible platform to clients and learners in higher education, K-12, healthcare, government, and the corporate sector. The company was founded by John Baker in 1999 and is headquartered in Kitchener, Canada.

Competitors
Duolingo, Inc. Schools & Student Services - Pittsburgh, PA

Duolingo is a free language education platform that offers 94 different language courses in 23 languages. The platform enables anyone to learn languages for free, though they can also pay $7 each month for a premium service that removes ads, delivers offline access, and more. It also claims 30 million users are actively learning languages on its platform, and it has emerged as one of the most downloaded educational apps globally. Duolingo provides "Duolingo for Schools" with features designed to allow teachers to track their students. It uses many services in the Amazon Web Services suite of products, including Amazon DynamoDB, Amazon Virtual Private Cloud, nearly 200 virtual instances in Amazon Elastic Compute Cloud (EC2), Amazon Simple Storage Service (S3) and Amazon Relational Database Service (RDS). The company uses the freemium model; the app and the website are accessible without charge, although Duolingo also offers a premium service for a fee. Duolingo was founded in 2011 and is headquartered in Pittsburgh, Pennsylvania, United States.

Pearson Plc Internet Software & Services - London, United Kingdom

Pearson Plc engages in the business of education, business information, and consumer publishing markets. It operates through the following segments: Global Online Learning, Global Assessment, North American Courseware, and International. The Global Online Learning segment offers virtual schools and online program management. The Global Assessment Learning segment includes Pearson VUE, US student assessment and clinical assessment. The North America Courseware segment provides courseware and services businesses in the US and Canada. The International segment offers courseware and other businesses outside North America and including UK Qualifications and English. The company was founded by Pearson Samuel in 1844 and is headquartered in London, the United Kingdom.

Houghton Mifflin Harcourt Co. Schools & Student Services - Boston, MA

Houghton Mifflin Harcourt Co. engages in the provision of pre-K-12 education solutions, delivering content, technology, services, and media. It operates through the following segments: Education and HMH Books & Media. The Education segment provides educational products, technology platforms and services. The HMH Books & Media segment primarily develops, markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses. The company was founded in 1832 and is headquartered in Boston, MA.

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