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Rasmussen College is a for-profit, post-secondary education company that provides career-oriented classroom and on-line educational programs focused in IT, business and healthcare.
Bob King, Chairman, is the former CEO of The Newtrend Group and Deltak, both successful prior Frontenac investments, and has partnered with Frontenac at five different companies. Michael Locke, CEO, previously served as SVP for
Collegis, a Frontenac portfolio company that provided IT services to higher education, and was head of Bank of America’s education and training investment banking group.
Spun out as a separate company when the IT services business of parent company Collegis was sold to SunGard, 2004
Has expanded geographically and through online presence
Frontenac sold its remaining interest, 2008