Washington Post 2007 Annual Report Download - page 18

Kaplan Publishing, whose results are now included entirely within the Test Prep and Admissions Division, publishes a
variety of general trade and educational books in subject areas such as test preparation, business, real estate, law,
medicine and nursing. At the end of 2007, Kaplan Publishing had more than 470 books in print, including over 180
new titles published in 2007.
Test Prep and Admissions also includes the Score! Educational Centers. Score! offers computer-based learning and
individualized tutoring for children from pre-K through 10th grade. In 2007, this business provided services through
155 dedicated Score! centers located throughout the United States to more than 62,000 students. In the fourth quarter
of 2007, Kaplan restructured the Score! business and closed 75 Score! locations. As a result of the restructuring,
Kaplan anticipates that the number of students served by the Score! business in 2008 will be significantly lower than
the number served in 2007.
Professional
In the United States, Kaplan Professional offers continuing education, certification, licensing, exam preparation and
professional development to corporations and to individuals seeking to advance their careers in a variety of
disciplines. This division includes Kaplan Financial, a provider of continuing education and test preparation courses
for financial services and insurance industry professionals; Kaplan Schweser (formerly known as The Schweser Study
Program), a provider of test preparation courses for the Chartered Financial Analyst and Financial Risk Manager
examinations; Kaplan CPA, which offers test preparation courses for the Certified Public Accounting Examination;
Kaplan Professional Schools, a provider of courses for real estate, financial services and home inspection licensing
examinations, as well as continuing education in those areas; Kaplan Professional Publishing (formerly known as
Dearborn Publishing), which provides printed and online materials that help individuals satisfy state pre-licensing and
continuing education requirements and prepare for state licensing examinations in the real estate, architecture, home
inspection, engineering and construction industries; and Kaplan IT, which offers online test preparation courses for
technical certifications in the information technology industry, as well as training, software consultancy and related
products to a broad range of industries. The courses offered by these businesses are provided in various formats
(including classroom-based instruction, online programs, printed study guides, in-house training and audio CDs) and at
a wide range of per-course prices. During 2007, these businesses sold approximately 600,000 courses and
separately priced course components to students in the United States (who in some subject areas typically purchase
more than one course component offered by the Division).
In March 2007, Kaplan acquired EduNeering, which is headquartered in Princeton N.J. This business, now known as
Kaplan EduNeering, is a provider of online regulatory compliance training and managementsystems,principallyfor
businesses in the life sciences, healthcare, energy and food service industries. During 2007, this business provided
services to approximately 600,000 users at more than 200 companies.
Internationally, Professional’s largest business in terms of revenue is Kaplan Financial Limited, formerly named FTC
Kaplan Limited (“Kaplan Financial’’), a U.K.-based provider of training and test preparation services for accounting
and financial services professionals. In 2007, Kaplan Financial provided courses to approximately 48,000 students.
Headquartered in London, Kaplan Financial has 25 training centers around the United Kingdom, as well as operations
in Hong Kong, Shanghai and Singapore.
In Hong Kong, Kaplan Financial also offers Mandarin-language training to students (principally Cantonese-speaking
Chinese wishing to learn Mandarin) through Hong Kong Putonghua Vocational School (“HKPVS”) and offers test
preparation courses for the Chinese Proficiency Test, which is a standardized examination that assesses Mandar-
in-language proficiency. HKPVS has five centers in Hong Kong and, at the end of 2007, was serving more than 9,000
students.
Asia Pacific Management Institute (“APMI”), which is headquartered in Singapore and has a satellite location in Hong
Kong, provides students with the opportunity to earn undergraduate and graduate degrees, principally in business-
related subjects, offered by affiliated educational institutions in Australia, the United Kingdom and the United States.
APMI also offers pre-university and diploma programs. APMI had more than 4,250 students enrolled at year-end
2007.
In 2007, Kaplan acquired a minority interest in Shanghai Kai Bo Education Investment Management Co., Ltd. (“ACE
Education”), an education company headquartered in Shanghai, China. In February 2008, Kaplan exercised an
option to increase its investment in ACE Education to a majority interest. ACE Education provides preparatory
programs for entry to U.K. universities and international-standard degree programs at campuses in several cities in
China. Through a collaboration with the University of Shanghai for Science and Technology and the Northern
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