K12

#2348

Rank

$6.08B

Marketcap

United States

Country

Leadership team

Mr. James J. Rhyu (CEO & Director)

Mr. Les Ottolenghi (Chief Information & Technology Officer and Exec. VP)

Mr. Vincent Winslow Mathis (Exec. VP, Gen. Counsel, Legal & Sec.)

Products/ Services

E-Learning

Number of Employees

1,000 - 20,000

Headquarters

Herndon, Virginia, United States

Established

1999

Company Registration

SEC CIK number: 0001157408

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

LRN

Social Media

URL

https://www.stridelearning.com

Overview

Location

Recognition and Award

References

Summary

Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. Stride, Inc. serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.

History

Finance

The company was founded by former banker Ronald J. Packard. Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who along with the Milken Family Foundation, invested $10 million. Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital. It became a publicly traded company on December 13, 2007.

Leadership

William Bennett, Secretary of Education under Ronald Reagan was hired as the company's first chairman of the board, serving until 2005. In 2005, the Philadelphia Board of Education called for the termination of a $3M science curriculum contract with K12 after Bennett said, "if you wanted to reduce crime ... you could abort every black baby in the country and your crime rate would go down. That would be an impossible, ridiculous, and morally reprehensible thing to do, but your crime rate would go down." Bennett subsequently resigned from the K12 board and his part-time position with K12. The contract was not revoked, but was not renewed at the end of the contract term. Founder Packard resigned in 2014 to start Pansophic Learning.

On February 13, 2018, Stuart Udell resigned from his role as CEO. Nate Davis, the previous CEO, replaced Udell as the current CEO.On January 27, 2021, Stride Inc. announced Nate Davis would be retiring and James J. Rhyu will be taking over his role as CEO. Davis will remain as executive chairman of the board.

Mission

K12 Inc. is dedicated to helping the future generations thrive and succeed in an ever-changing economy by delivering innovative products, services, and content to meet the individual needs of families, schools, and districts.

Vision

At K12 Inc., our vision is to be the most respected and admired educational company, preparing every student to be ready for success in life beyond the classroom.

Key Team

Ms. Donna M. Blackman (Exec. VP & CFO)

Timothy Casey (VP of Investor Relations)

Mr. Jeff Kwitowski (Sr. VP of Corp. Communications)

Ms. Emily Riordan (Director of Corp. Communications)

Mr. Paul Rhyu (Chief Marketing Officer)

Ms. Valerie Maddy (Sr. VP & Chief HR Officer)

Mr. Peter G. Stewart (Sr. VP of School Devel.)

Recognition and Awards

K12 Inc. has been awarded numerous honors, including the 2019 Best Places to Work in Education Award and the 2020 National Association of Online Interactive Learning Private School of the Year Award.