Tag Archives: Synergis Education

Soaring College Cost and Financial Planning

Synergis Education Secures $5 Million in Financing

Synergis Education announced the successful completion of a $5 million Series A2 financing round with Mitsui & Co. (U.S.A.), Inc. (hereafter “Mitsui USA”) a wholly owned subsidiary of Mitsui & Co., Ltd., Tokyo, Japan, one of the most diversified and comprehensive trading, investment and service enterprises in the world. Mitsui USA joins the largest investor University Ventures Fund I, L.P. and affiliated entities, along with its limited partners including Bertelsmann SE & Co. KGaA, which is also a direct investor in the company.

“To bring in new investment capital and strategic thought leadership from another strong, global organization is a true testament to our overall strategy,” said Synergis CEO and co-founder Norm Allgood. “The passion that Mitsui has for education and their overall commitment to service align nicely with Synergis and our unique focus to assist traditional colleges and universities in extending their reach to the 21st century student through programs offered both online and onground. In short, the Synergis approach allows for better learning outcomes and broader access to an ever evolving student base.”

“We are very excited about our investment in Synergis, a leading provider of services to adult learners from Universities across the US,” said Amit Avnet, Director, Consumer Service Business Division of Mitsui USA. “We believe there is a strong fit between Synergis’s mission and our strategy, which is focused on improving working adults’ employment prospects and quality of life in various industries, especially the Healthcare industry. We look forward to working closely with Norm and the rest of Synergis’s first rate management team as they expand the company’s onground, online and hybrid degree programs to additional geographies and high-demand market verticals.”

Synergis Education is working with nine universities to fund, establish and grow higher education programs for non-traditional adult learners: Cornerstone University, Gwynedd Mercy University, Cardinal Stritch University, Warner Pacific College, Averett University, University of Southern California and Samuel Merritt University, Gratz College and Harrisburg University. Synergis plans to use the proceeds from the financing to add and expand programs at these partner universities, with a strong emphasis on healthcare programs, as well as to add new partner institutions.

“Our focus on an open, trust-based relationship built on the highest quality service has drawn substantial interest from university partners. Synergis is the single fastest growing School-as-a-Service provider. Driving this growth is University Ventures’ ‘innovation from within higher education’ approach, which means appreciating the respective roles of service providers and our institutional partners,” said David Figuli, Managing Director of University Ventures.

With the investment, Amit Avnet, Director, Consumer Service Business Division of Mitsui USA. joins the Synergis Board of Directors.

awards

Industry Leaders of Arizona take spotlight

Az Business magazine is proud to present the Industry Leaders of Arizona (ILoA) Awards, which recognize  the contributions and impact of Arizona‐based companies in five key industries — commercial real estate, education, entertainment, manufacturing and technology. The 30 finalists for this year’s ILoA Awards are profiled on the following pages. Winners will be recognized at the awards dinner that will be held Thursday, February 6 at The Ritz Carlton, Phoenix.

Arizona Diamondbacks
Leadership: Derrick Hall, CEO; Tom Harris, CFO
Address: 401 E. Jefferson St., Phoenix
Website: dbacks.com
What they do: The Diamondbacks strive to provide industry-leading entertainment in a family-friendly environment while making a positive impact on its fans and civic partners.
How they lead: The team offers the lowest Fan Cost Index in Major League Baseball. In the community, the Arizona Diamondbacks Foundation and the D-backs’ organization have surpassed the $33 million mark in charitable giving since their inception in 1998. The unique corporate culture of the D-backs led Yahoo! to deem the club as “the best workplace in sports.”

Arizona Summit Law School
Leadership: Scott Thompson, president; Shirley Mays, dean
Address: One N. Central Ave., Phoenix
Website: azsummitlaw.edu
What they do: The American Bar Association (ABA) accredited law school offers traditional and non-traditional law students the opportunity to succeed through its student-focused curriculum and highly engaged faculty.
How they lead: The practice-ready curriculum equips graduates with the practical skills and ethical instruction, leadership, management and interpersonal skills necessary for career success. The school accommodates students’ diverse needs with options including full-time and part-time day and evening classes; trimester schedule for graduation in two years; and individualized bar-pass instruction through learning diagnostics and mentoring; and experiential learning opportunities via externships, internships and clinics.

Caliente Construction Inc
Leadership: Lorraine Bergman, CEO
Address: 242 S. El Dorado Circle, Mesa
Website: calienteconstruction.com
What they do: Caliente, founded in Arizona in 1991, is a female-owned commercial general contractor that provides construction management services tailored to meet the distinctive needs of its diverse clientele.
How they lead: By embracing the latest technology, Caliente is known as the contractor who can meet the challenge of any type of construction project. This has strengthened its industry position and given Caliente a competitive edge. Caliente has also shown continued growth.  In 2006, revenues were $23,500,000 with 30 employees. Today, revenues exceed $57,000,000 and Caliente employs 81.

Casino Del Sol Resort, Spa and Conference Center
Leadership: Jim Burns, CEO
Address: 5655 W. Valencia Rd., Tucson
Website: casinodelsol.com
What they do: Casino Del Sol Resort encompasses a spa, conference center, five award-winning restaurants, Sewailo Golf Course, Anselmo Valencia Tori Ampitheater, a 5,000-seat open-air concert venue and the Del Sol Marketplace, which includes a gas sttation, car wash, convenience store and smoke shop.
How they lead: In less than two years since opening its $100 million expansion, Casino Del Sol has earned a AAA Four Diamond designation and is the state’s only casino resort to earn the coveted Forbes Four-Star Award for its hotel and spa.

Entrepix, Inc.
Leadership: Tim Tobin, CEO; David Husband, CFO
Address: 4717 E. Hilton Ave., #200, Phoenix
Website: entrepix.com
What they do: Entrepix re-manufactures semiconductor fabrication equipment and develops products and services to significantly extend the lifespan of semiconductor manufacturing technology.
How they lead: Entrepix’ is defining a new class of supplier to the semiconductor industry —  a “technology renewal partner” — and has become the third-party leader in this space.  It launched the first ever foundry process center supporting remanufactured equipment.  The company was spotlighted for this on the cover of the industry’s largest publication, Semiconductor International, whose cover is normally occupied by game-changing innovations from companies such as Intel and Applied Materials.

FlipChip International
Leadership: David Wilkie, CEO; Gordon Parnell, CFO
Address: 3701 E. University Dr., Phoenix
Website: flipchip.com
What they do: FlipChip International is a leading supplier of wafer level packaging technologies to a diverse global customer base in the semiconductor industry.
How they lead: FlipChip was founded in 1996 by industry leaders in automotive technology and semiconductor integrated circuit assembly. Their strategy was primarily developing and licensing the technology. After new owners took over in 2004, manufacturing was expanded and new technologies were introduced. Today, FlipChip’s technologies can be found in a wide range of products in consumer, medical, industrial and automotive applications.

FNF Construction, Inc.
Leadership: Jed S. Billings, CEO; David James, CFO
Address: 115 S. 48th St., Tempe
Website: fnfinc.com
What they do: FNF provides heavy-highway construction and general engineering work, both as a general contractor, subcontractor and manufacturer/producer of aggregate and asphalt rubber binder.
How they lead: FNF’s ability to self-perform much of the work on its contracts allows the company to better manage and support its subcontractors and keep projects on schedule.  FNF supports its personnel with state-of-the-art equipment and in-house technical support which keep its workers safe and guides and educates employees on FNF’s innovative construction methods.

GlobalTranz
Leadership: Andrew Leto, CEO; Greg Roeper, CFO
Address: 5415 E. High St., #460, Phoenix
Website: globaltranz.com
What they do: GlobalTranz is a privately held, Phoenix-based logistics company specializing in freight management services, including less-than-truckload shipping, full truckload, supply chain management and domestic air/expedited shipping.
How they lead: By focusing on innovative technology, GlobalTranz optimizes the flow and storage of merchandise as the goods move within and throughout the customers’ supply chain. GlobalTranz has been recongnized as one of the fastest-growing companies in the country with annual sales of over $200 million. Globaltranz has doubled its revenue every year since its inception in 2003.

Grand Canyon University
Leadership: Brian Mueller, president and CEO; Dan Bachus, CFO
Address: 3300 W. Camelback Rd., Phoenix
Website: gcu.edu
What they do: GCU is a private Christian university that has graduated some of the Southwest’s best-prepared teachers, nurses and fine arts professionals.
How they lead: What was once a small, struggling university has come into its own as a world-class liberal arts institution. When escalating tuition made higher education nearly impossible for some students, GCU built a financial model that made earning a degree attainable and affordable. The model does not rely on taxpayer subsidies, yet keeps costs about two-thirds less than most private universities and lower than many public schools.

Great Hearts Academies
Leadership: Daniel Scoggin, CEO; Ward Huseth, CFO
Address: 3102 N. 56th St., #300, Phoenix
Website: greatheartsaz.org
What they do: Great Hearts Academies is a non-profit network of public charter schools dedicated to improving education in the Phoenix metropolitan area by developing a network of excelling preparatory academies.
How they lead: Great Hearts Academies has a 95 percent college placement rate, including many prestigious colleges and universities around the country. Students have an average SAT score of 1836 and ACT score of 27.4, which is 20 percent above the national average and higher than many private schools.

IDentity Theft 911
Leadership: Matt Cullina, CEO; Sean Daly, CFO
Address: 7580 N. Dobson Rd., Scottsdale
Website: idt911.com
What they do: IDentity Theft 911 is a provider of identity management solutions, identity theft recovery services, breach services and data risk management solutions. The company works with insurance carriers to provide identity theft services to individual personal lines policyholders and crisis data-breach services for commercial insurance policyholders.
How they lead: Founded in 2003, IDentity Theft 911 is a premier consultative provider of identity and data risk management, resolution and education services. The company serves 17.5 million households across the country and provides fraud solutions for a range of organizations.

Integrate
Leadership: Hart Cunningham, CEO; David Tomizuka, CFO
Address: 4900 N. Scottsdale Rd., #4000, Scottsdale
Website: integrate.com
What they do: Integrate is the first closed-loop marketing technology platform—combining ad-serving tech and analytics, a paid media marketplace and full suite of marketing services.
How they lead: Integrate is the first closed-loop marketing technology provider to empower marketers and media buyers to plan, launch, analyze and optimize campaigns across performance, programmatic and traditional media. The Integrate AdHQ platform offers an end-to-end solution that supports the entire lifecycle of paid media campaigns in one intuitive dashboard.

Ipro Tech, Inc.
Leadership: Kim Taylor, president and COO; Bret Lawson, CFO
Address: 6811 E. Mayo Blvd., #350, Phoenix
Website: iprotech.com
What they do: Founded in 1989, Ipro is a global leader in the development of advanced software solutions used by legal professionals to streamline the electronic discovery process.
How they lead: Ipro pioneered the development of electronic discovery technology in 1989, when savings and loan scandals led to an abundance of paper documents needing immediate legal review. Ipro developed customized technology that greatly improved the process and speed in which litigation document collections could be produced and helped to establish the litigation technology industry as we know it today.

Jokake Construction Services, Inc.
Leadership: Casey Cartier, CEO; Dave Miller, CFO
Address: 5013 E. Washington St., #100, Phoenix
Website: jokake.com
What they do: Jokake is a full-service real estate solutions provider founded on delivering exceptional construction experiences through ground-up, renovation and tenant improvement construction for public and private clients.
How they lead: In June, Jokake launched its 30th anniversary celebration with a commitment to complete 30 community service projects in 12 months — one project for each year in business. Since the initial announcement, Jokake’s employees have advocated for great causes, most of which are with nonprofits that they have been personally invested in for many years.

Laser Options, LLC
Leadership: Jeffrey Masters, CEO
Address: 3758 E. Grove St., Phoenix
Website: laseroptions.com
What they do: Laser Options sells new and refurbished multi-function printers/copiers, provides managed print services to its clients and is a leading re-manufacturer of laser print cartridges.
How they lead: Since starting in 1993 as a re-manufacturer of laser printer cartridges and HP printer service, Laser Options has transformed itself into a full-service business technology organization. Since inception, Laser Options has put into place sustainability practices. Whether it is its manufacturing and recycling process, the cars it uses or the vendors it partners with, customers know they are “going green.”

MicroAge
Leadership: Jeff McKeever, CEO; Roger Rouse, CFO
Address: 8160 S. Hardy Dr., Tempe
Website: microage.com
What they do: MicroAge is a leading provider of technology products and services. They serve customers from the data center to the desktop with computer products from industry-leading manufacturers.
How they lead: MicroAge’s tech-savvy account executives are experts at assisting clients with selecting information technology solutions that best meet their unique requirements. MicroAge possesses a vast sourcing capability which enables us to deliver on the most challenging of procurement requests.  MicroAge continues to be a well-known name and a respected industry pioneer with a heritage of industry innovation spanning five decades.

Microchip Technology, Inc.
Leadership: Steve Sanghi, CEO; Eric Bjornholt , CFO
Address: 2355 W. Chandler Blvd., Chandler
Website: microchip.com
What they do: Microchip Technology Inc. is a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions for thousands of diverse applications worldwide.
How they lead: Microchip is the semiconductor industry’s greatest Cinderella Story, having come a long way since its humble beginnings as a failing spinoff of General Instrument in 1989. Over that time, Microchip has had the most successful IPO of 1993, achieved the No. 1 ranking in 8-bit microcontrollers in 2002 and recorded its 91st consecutive quarter of profitability in June 2013.

Mountainside Fitness
Leadership: Tom Hatten, president; William Malkovich, CEO; Tracy Taylor, CFO
Address: 1230 W. Washington St., #111, Tempe
Website: mountainsidefitness.com
What they do: Mountainside Fitness is the largest locally owned health club in Arizona, striving to help its members incorporate exercise into their lifestyle.
How they lead: With 10 locations, including the newest location inside Chase Field, the fitness center provides more than 950 jobs. The company has experienced a 41 percent growth within the last three years, including employee growth of approximately 400. The expansion placed Mountainside among the recipients of the 2012 Inc. Hire Power Awards as one of the Top 10 private business job creators in the state of Arizona.

Phoenix Children’s Academy
Leadership: Doug MacKay, CEO; Paul Malek, CFO
Address: 8767 E. Via de Ventura, #240, Scottsdale
Website: pcafamilyofschools.com
What they do: Phoenix Children’s Academy operates a national network of 111 private schools, including preschools, elementary schools and middle schools in 15 states serving approximately 16,000 students.
How they lead: PCA is the sixth-largest company in its industry in the U.S. and the largest headquartered in Arizona. By developing centralized support functions to take the majority of the administrative burden away from its schools, PCA teachers and principals have more time to spend with children and parents. This has enabled PCA to tailor its educational services to the individual needs of the child.

Phoenix Suns
Leadership: Jason Rowley, president; Jim Pitman, CFO
Address: 201 E. Jefferson St., Phoenix
Website: suns.com
What they do: The Suns provide the finest in Arizona sports, entertainment and community leadership by striving to create sustained success on and off the court.
How they lead: Between offering a first-rate fan experience, giving back to Arizona children and families in need, and staying at the forefront of technology and innovation, the Suns have served as Arizona’s professional sports leader since our 1968 inception. Each year, Suns players and alumni make more than 1,000 community appearances and the Phoenix Suns Charities contributes more than $1 million annually to more than 125 local nonprofit organizations.

Rigid Industries LED Lighting
Leadership: Jason Christiansen, CEO; Seth Anderson, CFO
Address: 779 N. Colorado St., Gilbert
Website: rigidindustries.com
What they do: Rigid Industries’ patented Hybrid and Specter optics and forward projecting LED lighting and quality products are designed, engineered, and assembled in the United States.
How they lead: Rigid Industries recently ranked 150th on Inc. 500 magazines’ Fastest Growing Companies list for 2013. Additionally, Rigid leads the industry as the fastest-growing LED lighting manufacturer and the fifth-fastest-growing in overall manufacturing in the U.S., proving to be one of the most innovative companies of 2013. From 2009-2012, Rigid experienced an exponential growth rate of 2,528 percent.

Scottsdale Golf Group
Leadership: Shelby Futch, CEO
Address: 6210 E. McKellips Rd., Mesa
Website: scottsdalegolfgroup.com
What they do: Scottsdale Golf Group owns and manages four public and three private golf courses. Futch founded the John Jacobs Golf Schools and Academies, with 12 locations across the USA and Canadian locations coming soon. John Jacobs Golf Schools and Academies is one of the oldest continuous  golf schools in the U.S. with more than 500,000 students instructed.
How they lead: Scottsdale Golf Group’s state-of-the-art teaching facilities utilize the finest computerized swing analysis equipment. Under the guidance of golf industry expert Futch, Scottsdale Golf Group has grown from the undisputed leader in golf instruction to become a master of club operations, management, and consumer marketing services as well.

Speedie & Associates, Inc.
Leadership: Gregg A. Creaser, CEO; Brett P. Creaser, CFO
Address: 3331 E. Wood St., Phoenix
Website: speedie.net
What they do: Speedie & Associates is a consulting engineering firm that specializes in geotechnical, environmental and construction materials testing and special structural inspection services.
How they lead: From its inception 33 years ago, Speedie & Associates has embraced and maintained a philosophy of providing a superior level of customer service to every one of its clients. The firm believes that listening to its clients, hearing the essence of what they’re saying, and fully understanding their expectations are the most important first steps in providing a superior service experience.

STORE Capital
Leadership: Morton H. Fleischer, chairman; Christopher H. Volk, president and CEO; Catherine Long, CFO
Address: 8501 E Princess Dr, Scottsdale
Website: storecapital.com
What they do: STORE Capital (the name stands for Single Tenant Operational Real Estate) is a leading provider of real estate lease capital for real estate intensive middle-market companies.
How they lead: STORE acquires customers’ commercial real estate they use to generate their profits and lease it back to them in a sale/leaseback transaction.  A real estate lease is not just a debt financing substitute for customers, but it’s both a debt and equity substitute, while also offering reduced monthly payments. This makes them less bank-dependent and more entrepreneurial, creating more efficient capitalization.

Sun Orchard™ Juicery
Leadership: Marc Isaacs, CEO; Jeff Anthony, CFO
Address: 1198 W. Fairmont Dr., Tempe
Website: SunOrchard.com
What they do: Sun Orchard™ is a national craft juice company offering an unmatched selection of exceptional juice products to food service businesses of all shapes and sizes.
How they lead: Sun Orchard built its business on freshness, taste, quality, people and being one step ahead. Sun Orchard’s family of experts’ tree-to-table mastery allows it to quickly turn emerging trends into cutting-edge juice products, giving its customers a quick-to-menu advantage and back-of-house efficiencies. Sun Orchard continues to work closely with its customers to help grow their businesses.

Synergis Education, Inc.
Leadership: Norm Allgood, CEO; Scott Wenhold, CFO
Address: 1820 E Ray Rd., Chandler
Website: synergiseducation.com
What they do: Synergis Education is a premium, full-service provider of educational services designed for college and university leaders who are not satisfied with the status quo.
How they lead: Synergis Education assists its partner institutions in gaining regional prominence, enrollment growth, and overall sustainability through continual improvement and best practices. Synergis is unique among education services providers in that it is positioned to work with the entire adult higher education market, remaining agnostic as to the delivery methods (online, face-to-face, blended, etc.).

University of Advancing Technology
Leadership: Jason Pistillo, CEO; Erika Garney, CFO
Address: 2625 W. Baseline Rd., Tempe
Website: uat.edu
What they do: University of Advancing Technology (UAT) is the technophile’s college experience — a community uniquely suited to provide students passionate about technology an ideal place to live and grow.
How they lead: UAT students graduate to become technological mavens, cyber warriors, elite game designers and advanced computer scientists. The university’s commitment extends far beyond its student body. UAT hosts a myriad of on-campus events, including the annual Avnet Tech Games, The Leonardo da Vinci Society for the Study of Thinking and many other various user groups.

WebPT
Leadership: Brad Jannenga, chairman, president and CTO; Paul Winandy, CEO; Jacob Findlay, CFO
Address: 605 E. Grant St., #200, Phoenix
Website: webpt.com
What they do: WebPT is the leading web-based electronic medical record (EMR) and practice management solution for physical therapists, occupational therapists, and speech-language pathologists.
How they lead: By creating an affordable, intuitive, and technologically sound cloud-based electronic EMR solution for rehabilitation therapists — practitioners excluded from the government’s meaningful use incentive under the HITECH Act — WebPT brought all the benefits of EMR to small, private therapy practices that would have otherwise fallen behind. WebPT has helped more than 24,000 therapists adopt EMR since 2008.

Wespac Construction, Inc.
Leadership: John Largay, CEO; Don Mann, CFO
Address: 9440 N. 26th St., #100, Phoenix
Website: wespacaz.com
What they do: Wespac is a commercial general contracting and construction management firm, offering a range of pre-construction and construction services in a variety of market sectors.
How they lead: Wespac has developed a specific system of project management tools to successfully complete the job. This comprehensive process is Wespac’s Systematic Building Approach™ (SBA™). The SBA™ is Wespac’s process to ensure constant communication, dedication, coordination and planning. Utilizing the SBA™, the team is able to ensure timely procurement of materials and equipment, keeping the build-out on track.

Wilson Electric Services Corp.
Leadership: Wes McClure, president; Todd Klimas, COO; Terry Oakes, CFO
Address: 600 E. Gilbert Dr., Tempe
Website: wilsonelectric.net
What they do: Wilson Electric is the Southwest’s leading, single-source provider of total facility solutions, including commercial construction, solar, and operations technology.
How they lead: Wilson Electric invests in each employee-owner’s success through a rigorous, in-depth corporate training program. The program begins with new hire orientation and continues throughout employment, blending in-house resources with industry experts. Topics range from effective project management and safety procedures to manufacturer certifications. Because of this, Wilson’s safety record is one of the best in the state.