Summit Partners paid Touro $190 million for Touro University International

Discussion in 'General Distance Learning Discussions' started by Bao, Nov 2, 2007.

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  1. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    This is no different than the Royal Melbourne Institute of Technology www.rmit.edu.au renaming itself RMIT University. ;)
     
  2. Dave Wagner

    Dave Wagner Active Member

    Yes, and I understand that "TUI University" was tested with focus groups after it was checked out by naming consultants. I also know of two TUI University professors who are proficient readers of Latin, and perhaps there are others, so I presume that they would have weighed in on the subject. By the way, VCs name companies all the time, and they don't let you pick names that the experts haven't checked out. (I've personally been on two management teams where this was done...)

    In sum, you can keep fretting about the name, but TUI University seems like a pretty good name, and Latin names sell, baby!

    Dave
     
  3. Randell1234

    Randell1234 Moderator

    I am not really fretting - I don't really care.
     
  4. Dave Wagner

    Dave Wagner Active Member

    Sorry, I said you but I didn't mean you, specifically... My bad.

    Dave
     
  5. Susanna

    Susanna New Member

    Why do Latin names sell?

    Susanna
     
  6. Dave Wagner

    Dave Wagner Active Member

    Because with a Latin word you easily can build a high-quality brand personality (i.e., manufacturer's view) of intellectual competence via marketing promotions that will hopefully be reflected in the brand attitude (i.e., consumer's view). With other languages or made up words, it's not as easy to do that and make them understandable. Still, Latin words actually mean something and they are not completely gobbled up in the trademark registry and ICANN/EduCause Internet domain name registry.

    Dave
     
  7. Susanna

    Susanna New Member

    That makes sense to me but I wonder about the branding; do you feel that the Latin tui name is adequately promoted in the current TUi logo? or doesn't that matter?

    Susanna
     
  8. tmartca

    tmartca New Member

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