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Zovio calls it quits

The online education company Zovio is taking steps to liquidate its remaining operations and shut down, according to documents filed this week with the SEC. Leaders of the company, which once brought in more than $1 billion in annual revenue, also wrote that they’re unsure they’ll be able to sell off Zovio’s last major asset — Fullstack Academy, a coding and data analytics bootcamp — before running out of cash. At its peak, Zovio operated two online colleges, including Ashford University, which it sold in 2020 to the University of Arizona. Benjamin Freed reports.

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Texas A&M University launches cyber research institute

Texas A&M this week opened its new Global Cyber Research Institute, funded by a $10 million donation. In addition to researching government and corporate vulnerabilities, the institute will provide students cybersecurity training and help develop national security policies. “The addition of the Texas A&M Global Research Institute positions Texas A&M as a hub for cybersecurity research and education,” university President M. Katherine Banks said in a press release." Lindsay McKenzie has details.

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