CHARLES TOWN, W.Va.--(BUSINESS WIRE)--May. 9, 2013--
American Public Education, Inc. (NASDAQ: APEI) – parent company
of online learning provider American Public University System (APUS),
which operates through American Military University (AMU) and American
Public University (APU), today announced that it has made a $4 million
minority investment in Fidelis Education.
Fidelis was founded in 2011 in Palo Alto, Calif., to build a solution to
the challenges of military-to-civilian career transition. It is
currently developing an innovative software platform for students,
faculty and staff to interact in meaningful ways outside the classroom.
“APUS believes the Fidelis platform will lead to greater student
satisfaction and degree completion by assisting military service members
and working adults in completing their online degrees, as well as
supporting them in planning for successful career transitions,” said Dr.
Sharon van Wyk, APUS executive vice president and COO. “As an investor
and partner, APEI believes the enhanced student experience and support
services will also benefit online learners at many other institutions,”
said Dr. Wallace E. Boston, APEI president and CEO.
“When we started building our platform and working with university
partners, they told us that our interactive tools would help both their
civilian and military students more effectively engage with their
peers,” said Gunnar Counselman, Fidelis founder and CEO. “In partnership
with American Public Education, we are now working to develop our
platform as a service for all types of educational organizations to
assist them in optimizing their student digital learning experience.”
About American Public Education, Inc.
American Public Education, Inc. (NASDAQ: APEI) is an online provider of
higher education focused primarily on serving the military and public
service communities. American
Public University System (APUS), wholly owned by APEI, operates
Military University (AMU) and American
Public University (APU). APUS serves more than 100,000 adult
learners worldwide and offers 87 degree programs in fields ranging from
homeland security, military studies, intelligence, and criminal justice
to technology, business administration, public health, and liberal arts.
Nationally recognized for its best practices in online higher education,
APUS provides an affordable education through classes taught by
experienced faculty who are leaders in their fields and committed to the
academic achievement of their students.
American Public University System is accredited by The Higher Learning
Commission and is a member of the North Central Association of Colleges
and Schools (www.ncahlc.org).
For more information about APUS graduation rates, median debt of
students who completed programs, and other important information, visit www.apus.edu/disclosure.
Forward Looking Statements
Statements made in this press release regarding American Public
Education, Inc., or its subsidiaries, that are not historical facts are
forward-looking statements based on current expectations, assumptions,
estimates and projections about American Public Education, Inc. and the
industry. These forward-looking statements are subject to risks and
uncertainties that could cause actual future events or results to differ
materially from such statements. Forward-looking statements can be
identified by words such as "anticipate", "believe", "could",
"estimate", "expect", "intend", "may", "should", "will" and "would".
These forward-looking statements include, without limitation, statements
regarding the potential benefits to APEI, or its subsidiaries, from the
ability of Fidelis to develop its software. Actual results could differ
materially from those expressed or implied by these forward-looking
statements as a result of various factors, including the various risks
described in the "Risk Factors" section and elsewhere in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2012 and
other filings with the SEC. The Company undertakes no obligation to
update publicly any forward-looking statements for any reason, even if
new information becomes available or other events occur in the future.
Source: American Public Education, Inc.
Brian Muys, 571-358-3145
Chris Symanoskie, 703-334-3880