Navitas signs two new US deals
Navitas Limited (NVT) said its has executed educational affiliation agreements with the University of Massachusetts Lowell and the University of Massachusetts Dartmouth. The global education services provider said the collaboration would provide undergraduate pathway and pre-masters programs at UMass Lowell and UMass Dartmouth in the United States.
CEO, Rod Jones, said the entry to the United States was an exciting phase in the company’s development.
“Our proven university pathway model has been successfully implemented across a range of tertiary institutions in Australia, the United Kingdom, Singapore and Canada,” Mr Jones said.
“The United States, with the immense opportunities it provides the Company and our students, is a logical choice for us as we look to expand our global footprint.”
He added that the two new colleges are expected to mature to operational break even within around 18 months due to the low capital cost of the operations.
Navitas expects the new colleges to open in September 2010.
As at 1023 AEDT, Navitas shares were up 6c to $4.16.
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