shares of common stock. The acquisition was managed by Citigroup and Morgan Stanley. The acquisition increased 2U's number of university partners from 36 to 68, expanded its reach into the Mexican, German, Australian, and Canadian markets, and will allow for the company to reach a projected $1B in revenue in 2021. Prior to the buyout, Trilogy had planned an initial public offering. Business Universities share their brands and facilities with Trilogy Education, and provide oversight of the curriculum, instructors, and student experience, in exchange for a share of the tuition revenue. The courses are not taught by the university's professors, but by industry professionals with at least three years of experience. The company produces programs in areas such as web development; user interface/user experience; data analytics and visualization; and cybersecurity. Students train in coding languages such as JavaScript, jQuery, Node.js, Java, HTML, CSS and Python, and the curriculum is developed centrally in GitHub. Revenue from the tuition is shared with the affiliate university. Though the exact revenue split has not been publicly shared, similar programs have a 50/50 split. Partner schools included Rutgers, ITESM, and the University of Toronto, the University of Pennsylvania, the University of Washington, Columbia University, the University of Texas-Austin, Georgia Tech and the University of California at Berkeley. Program graduates receive a professional certificate (non-credit) from the partner school and career advice. There is no job placement guarantee and no third-party verified jobs reports have been released, though outcome data is privately shared with partner universities. The programs cost $10,000 to $13,000, though discounts may be available for partner university alumni. Trilogy's non-credit programs are not considered "eligible educational institutions" by the United States Department of Education and do not qualify for federal loans nor do students do not receive a Form 1098-T. Trilogy does not offer Income Share Agreements and there are no money-back guarantees. The affiliates schools do not regard program graduates as university alumni, nor program enrollees as university students. The typical enrollee is a nontraditional student aged 31. Corporate training partnerships Trilogy has corporate training programs for TEKsystems at Southern Methodist University and General Electric at Georgia Tech. References External links Official website Organizations based in New York City Coding schools Education companies of the United States For-profit universities and colleges in the United States 2019 mergers and acquisitions