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Laureate Education Inc. (Laureate) operates an international network of licensed campus-based and online universities, and higher education institutions. Through this network, the Company offers a range of career-oriented undergraduate and graduate degree programs. Laureate's educational services are offered through three business segments. The Campus Based-Latin America segment consists of 11 separately licensed universities and two professional institutes, and has operations in Mexico, Chile, Brazil, Peru, Ecuador, Honduras, Panama and Costa Rica. The Campus Based-Europe segment consists of 10 licensed higher education institutions, and has operations in Spain, Switzerland, France and Cyprus. The Laureate Online Education segment provides career-oriented degree programs to over 33,000 students through one licensed university, Walden E-Learning, Inc., and two institutions that partner with licensed universities. In August 2007, Laureate completed its merger with L Curve Sub Inc.(Source: 10-K)