The Princeton Review
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| Subsidiary | |
| Industry | Education |
| Founded | 1981 |
| Founder | John Katzman, Adam Robinson |
| Headquarters | Natick, Massachusetts |
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Key people
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Mandy Ginsburg, CEO |
| Owner | Tutor.com |
| Parent | IAC |
| Divisions | College, Business School, Law School, Grad School, Med School |
| Website | www.princetonreview.com |
The Princeton Review is a college admission services company offering test preparation services, tutoring and admissions resources, online courses, and books published by Random House. The company has more than 4,000 teachers and tutors in the United States and Canada and international franchises in 14 other countries. The company is headquartered in Natick, Massachusetts, and is privately held. It is not associated with Princeton University.
The Princeton Review was founded in 1981 by John Katzman, who—shortly after leaving college—taught SAT preparation to 15 students in New York City. He served as CEO until 2007, and was replaced by Michael Perik. In March 2010, Perik resigned and was replaced by John M. Connolly. In April 2010, the company sold $48 million in stock for $3 per share, and a short time later was accused of fraud in a class action suit filed by a Michigan retirement fund, which claimed The Princeton Review leadership exaggerated earnings to boost its stock price. In 2012, the company was acquired by Charlesbank Capital, a private equity fund, for $33 million. On August 1, 2014, the Princeton Review brand name and operations were bought for an undisclosed sum by Tutor.com, an IAC company, and Mandy Ginsburg became CEO. The company is no longer affiliated with its former parent, Education Holdings 1, Inc.
The Princeton Review offers preparation courses for various tests at the Princeton Review website:
The company offers courses worldwide through company-owned and third-party franchises. Countries with Princeton Review franchises include China, India, Israel, Japan, Kuwait, Malaysia, Mexico, Nepal, Pakistan, Qatar, Singapore, South Korea, Syria, Taiwan, Thailand, Turkey, and the United Arab Emirates.
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