Cogna Educação Explained

Cogna Educação S.A.
Type:Sociedade Anônima
Traded As:
Ibovespa Component
Foundation:1966
Location:São Paulo, Brazil
Key People:Evando José Neiva, (Chairman)
Rodrigo Galindo, (CEO)
Industry:Higher education
Revenue: US$ 2.1 billion [1]
Net Income: US$ 703.9 million
Num Employees:36,000

Cogna Educação (formerly Kroton Educacional),[2] founded in 1966 in Belo Horizonte, is the largest private educational company in Brazil. It has operated for over 45 years in all educational segments, such as preschool, elementary, secondary, adult high school, college preparatory school, free courses, and other related educational activities, as well as higher, professional, and post-graduation education.

Descriptions

Cogna has more than 2 million students, with 290,000 students in basic education in 213 campuses and 726 centers divided into 22 educational brands located in all Brazilian states.

The company is also involved in the distribution, wholesale, retail, import, and export of textbooks, course books, magazines, and other publications. In addition, it engages in the licensing of school-related and paedagogical products. The company operates 21 own campuses under the Pitagoras brand; ten under the Unic brand; five under the Unopar brand; and ten under the Unime, Ceama, Unirondon, Fais, Fama and União brands in ten Brazilian states. It also operates 804 associated schools in Brazil under the Pitagoras brand, as well as five partner schools in Japan and a partner school in Canada.

It is the largest Brazilian company in the higher education segment by number of students and revenue. In July 2014, the company merged with its largest competitor Anhanguera Educacional becoming the largest higher education company in the world by market capitalisation.

In 2019 the company changed its name from Kroton to Cogna and moved its headquarters from Belo Horizonte to São Paulo. The company's largest competitor is the Rio de Janeiro-based YDUQS.

Notes and References

  1. http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=KROT11:BZ&dataset=incomeStatement&period=A&currency=US%20Dollar List of Public Companies Worldwide
  2. News: Moura. Marcelo. 2019-10-07. Maior grupo de educação do país, Kroton vira Cogna e se divide em quatro. Largest education group in the country, Kroton becomes Cogna and splits in four. pt. Época Negócios. 2020-01-27.