A new multi-tenant building that opened in January at Chandler Airport Center will house as many as 800 employees of Bridgepoint Education, which will now call itself Zovio.
By Paul Maryniak East Valley Tribune Executive
A California for-profit online education services company last week announced it’s moving its headquarters to south Chandler and changing its name – less than a month after a class action lawsuit by investors was filed against it and the Securities and Exchange Commission launched an investigation into its financial activities.
Bridgepoint Education Inc. announced earlier this week it is changing its name to Zovio, moving its headquarters to a new 130,000-square-foot building at 1181 E. Northrup Blvd., and eventually expects to house 800 jobs over the next two years, starting with 200 employees now in temporary offices in Tempe.
The announcement came less than a month after Bridgepoint advised that investors should not rely on two of its consolidated financial statements filed last year because it had “identified errors, relating to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses.”
