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Wall Street Institute ready to expand.
Byline: Somporn Thapanachai
Apr. 4--Wall Street Institute is planning to expand aggressively and has targeted for almost 20 percent growth globally this year, according to CEO Timothy Daniels.
The ambitious target comes on the heels of a capital injection in the firm from two venture capitalists, Carlyle Group and Citigroup Private Equity in February.
Last year, the English language training institution with 350 centres in 24 countries recorded turnover of $200 million, up 17 percent from 2003. Mr Daniels expects that the growth rate will be higher this year, helped by plans to open 30-50 new centres.
Asia, which accounted for 65 ...
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