EAB (company) explained

EAB
Type:Private
Location:Washington, DC, United States
Num Employees:1,800
Area Served:Worldwide
Key People:David Felsenthal (CEO)
Industry:Education best practices research, technology, consulting

EAB is a consulting firm specializing in education institutions. It is headquartered in Washington, DC, with satellite offices in Richmond, Virginia, Birmingham, Alabama, and Minneapolis.

EAB serves roughly 2500 schools, colleges, and universities. The company's technology division focuses on enrollment management, student success, booking appointments, calendars, and institutional operations and strategy.

History

EAB, formerly the Education Advisory Board, was founded in 2007 as a division of The Advisory Board Company. This was officially shortened to EAB in 2014.[1]

In December 2014, it was announced that The Advisory Board Company was to acquire Royall & Company, based in Richmond, Virginia, for $850M.[2] Royall & Company was founded in 1983 and specialized in enrollment management, financial aid models and alumni fundraising;[3] These services were integrated into EAB.

In 2015, the parent company acquired GradesFirst, a "student success technology" company based in Birmingham, Alabama.[4] This became EAB's Student Success Collaborative (SSC) platform.

On November 17, 2017, EAB announced that it would become an independent company, separate from The Advisory Board Company,[5] and would be acquired by Vista Equity Partners, a leading investment firm for roughly $1.5B.[6]

On February 18, 2021, EAB announced that it would acquire Starfish from Hobsons.[7]

Notes and References

  1. Web site: About Us . EAB . 3 November 2021.
  2. News: Royall & Co. to be Acquired for $850M - EdSurge News. 2014-12-11. EdSurge. 2018-04-06. en-US.
  3. News: EAB, education services company with 500 employees in Henrico, has new owner. 2017-11-19. Richmond Times-Dispatch. 2019-01-20. en-US.
  4. News: The Advisory Board Company Acquires GradesFirst for Engaging At-Risk Students - EdSurge News. 2015-02-12. EdSurge. 2019-01-20. en-US.
  5. Web site: EAB Established as an Independent Organization. EAB. www.prnewswire.com. en. 2018-04-06.
  6. Web site: Advisory Board closes sale of its education division. www.bizjournals.com. 2018-04-06.
  7. Web site: EAB to Enhance Its Student Success Collaborative by Acquiring Starfish. 2022-08-03.