Veritas Prep
Veritas Prep was a premium online test preparation and admissions consulting provider for GMAT, GRE, SAT, and ACT, serving high-achieving applicants. It operated as a Varsity Tutors sister company under Nerdy Inc. from 2018 and was discontinued as a standalone brand in May 2022.
- Company typePrivate
- Founded2000
- HeadquartersCalabasas, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Veritas Prep does
Veritas Prep was a provider of live online test preparation and admissions consulting services targeting high-achieving students and professionals pursuing admission to top educational programs. Its core offerings spanned GMAT, GRE, SAT, and ACT preparation alongside college and graduate school admissions consulting, delivered through expert tutors and live instructors. The company paired two decades of curated curriculum and methodologies with adaptive assessments designed to direct study time toward areas of student weakness, and offered a score-improvement guarantee on at least its GMAT product line.
The company's distribution and delivery were built on the Varsity Tutors Live Learning Platform following the December 2018 sister-company relationship under Nerdy Inc. This platform provided access to a customer base exceeding 1 million students and thousands of vetted tutors, and enabled real-time online instruction across the standardized-test portfolio. Veritas Prep generated revenue through quote-based premium tutoring subscriptions billed monthly and through admissions consulting delivered as a professional service, primarily to US and Canadian consumers.
Following strategic realignment, Veritas Prep discontinued its standalone services on May 1, 2022, with all test-prep and admissions consulting offerings consolidated under the Varsity Tutors brand within the Nerdy Inc. network. The Veritas Prep legal entity remains part of Nerdy Inc.'s portfolio but no longer operates as an independent brand, and its intellectual property and methodologies have been absorbed into Varsity Tutors' broader test-prep catalog.
Veritas Prep firmographics
Firmographics- Name
- Veritas Prep
- Legal name
- Veritas Prep
- Website
- https://veritasprep.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Closed
- Headcount range
- 251–500 employees
- Short description
- Veritas Prep was a premium online test preparation and admissions consulting provider for GMAT, GRE, SAT, and ACT, serving high-achieving applicants. It operated as a Varsity Tutors sister company under Nerdy Inc. from 2018 and was discontinued as a standalone brand in May 2022.
- Ownership category
- akta.pro rank
Veritas Prep industry classification
Industry- Product category
- Test Preparation Services
- NAICS
- Exam Preparation and Tutoring (611691), Educational Support Services (611710)
- akta.pro primary industry
- Graduate & Professional School Admissions Exams (GRE/GMAT/LSAT/MCAT) Prep (EDANABAB)
- akta.pro secondary industries
- Test Prep Learning Centers (SAT/ACT, AP/IB, State Exams) (EDANAHAH), Test Prep Tutoring Platforms (SAT/ACT/GRE/GMAT, etc.) (EDANAGAH)
Keywords
Where Veritas Prep is headquartered
LocationHeadquarters
- HQ city
- Calabasas
- HQ country
- United States
- HQ region
- North America
Markets served
Veritas Prep business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations
Revenue model
- Test Preparation Tutoring: Premium test preparation services for GMAT, GRE, SAT, and ACT through expert tutors and live instructors, serving high-achieving applicants seeking top scores.
- Admissions Consulting: Admissions consulting services for high-achieving applicants seeking admission to top educational programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Premium tutoring services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Veritas Prep product offering
Product offeringCore offering
Veritas Prep provided live online test preparation courses for the GMAT, GRE, SAT, and ACT, delivered by expert tutors through the Varsity Tutors Live Learning Platform. The company also offered admissions consulting services for high-achieving applicants targeting top colleges and graduate programs. Course packages included adaptive assessments, personalized learning plans, and a score improvement guarantee. Services were discontinued on May 1, 2022.
Product overview
Veritas Prep was a provider of live online test preparation and admissions consulting services for high-achieving applicants. The company offered specialized courses for GMAT, GRE, SAT, and ACT exams, along with admissions consulting. Veritas Prep operated as a sister company to Varsity Tutors since December 2018, and both companies became part of the Nerdy Inc. network. On May 1, 2022, Veritas Prep discontinued its standalone services, transitioning its test preparation offerings to the Varsity Tutors Live Learning Platform. The product portfolio now consists of GMAT Prep, GRE Prep, SAT Prep, ACT Prep, and Admissions Consulting, all delivered through the Varsity Tutors platform which also offers broader academic tutoring (K-5, AP subjects, Business, Humanities, Languages, Math, Science, Tech & Engineering), K-8 exam prep, graduate school exam prep (DAT, LSAT, MCAT, PCAT), professional certifications (CPA, CFA, NCLEX, PMP, Bar, USMLE), and school solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- GMAT Prep Live online GMAT test preparation course featuring expert tutors, adaptive assessments, and a score improvement guarantee, delivered through Varsity Tutors' proprietary Live Learning Platform.
- GRE Prep Live online GRE test preparation course providing expert instruction, adaptive self-study tools, and personalized learning plans for graduate school entrance exam readiness.
- SAT Prep Comprehensive SAT test preparation covering math, reading, and writing sections, delivered through Varsity Tutors' online platform with expert instructors.
- ACT Prep ACT test preparation covering math, reading, science, and writing sections, with specialized tutors and adaptive learning tools available through Varsity Tutors.
- Admissions Consulting Admissions consulting services for high-achieving applicants seeking guidance on college and graduate school application strategies.
Quantifiable outcome
- Over 20,000 GMAT sessions conducted
- +1 more outcomes
Companies that use Veritas Prep
Customer profileSegments1 record
Ideal customer profiles1 record
Veritas Prep technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Veritas Prep partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Varsity TutorsflagshipVeritas Prep and Varsity Tutors have been sister companies since December 2018, both ultimately becoming part of the Nerdy Inc. network. The partnership leveraged Varsity Tutors' Live Learning Platform to facilitate Veritas Prep's mission of delivering best-in-class test preparation and admissions consulting services for high-achieving applicants. Veritas Prep services were discontinued on May 1st, 2022.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
Veritas Prep competitors and assessment
Company assessmentDirect peers
- The Economist GMAT Prep: The Economist GMAT Prep is an online GMAT prep platform that historically catered to high-achieving MBA applicants with adaptive practice and prep analytics. It directly competes with Veritas Prep's GMAT core product for the same premium MBA-bound persona.
- Manhattan Prep: Manhattan Prep is a leading test preparation company historically focused on GMAT, GRE, and other graduate-level exams, offering instructor-led courses and self-study options. It is the closest direct competitor to Veritas Prep's GMAT/GRE core offering, targeting the same high-achieving test takers with a similar premium positioning.
- PrepScholar: PrepScholar provides online adaptive SAT, ACT, and GRE prep with personalized learning paths. It overlaps directly with Veritas Prep's SAT/ACT/GRE offerings, competing on adaptive technology and price rather than live premium instruction.
- Target Test Prep: Target Test Prep specializes in GMAT quant preparation with an online, self-paced curriculum. It is a focused direct competitor in the graduate-school test prep category, particularly for high-achievers targeting top MBA programs — the same persona Veritas Prep historically served.
- Magoosh: Magoosh is an online-first test prep company offering affordable self-study and live courses for GMAT, GRE, SAT, ACT, LSAT, and MCAT. It targets the same standardized exams as Veritas Prep but competes primarily on price and accessibility rather than premium positioning.
Broad incumbents
- Princeton Review: The Princeton Review is a long-established incumbent in the test prep market, offering prep for SAT, ACT, GMAT, GRE, LSAT, MCAT and many other exams, plus admissions consulting. It overlaps with Veritas Prep across the same standardized tests but operates at much broader scale and across multiple delivery formats.
- Kaplan Test Prep: Kaplan is one of the largest and most diversified test prep and education companies, covering SAT, ACT, GMAT, GRE, LSAT, MCAT, and professional licensing exams. It competes with Veritas Prep across the same test categories and adds a wide portfolio of higher education and professional programs.
- Chegg: Chegg is a large, publicly traded education platform offering textbook rentals, study help, and tutoring services. Its Chegg Study and tutoring products overlap with Veritas Prep's standardized test and college support categories at a broader, lower price point.
Others
- Course Hero: Course Hero is a study resources platform providing course-specific materials, tutoring, and practice problems. It is an adjacent ecosystem player rather than a direct test prep competitor, but supports the same student base Veritas Prep historically served.
Emerging players
- Wyzant: Wyzant is an online tutoring marketplace that connects students with private tutors across many subjects, including standardized test prep. It overlaps with the broader Varsity Tutors/Veritas Prep 1-on-1 instruction model but operates as an open marketplace rather than a managed premium offering.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Veritas Prep social profiles
Digital presenceVeritas Prep financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veritas Prep leadership team
Management profileNumber of profiles
Profiles1 record
Veritas Prep funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veritas Prep M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veritas Prep
What does Veritas Prep do?
Veritas Prep provided live online test preparation courses for the GMAT, GRE, SAT, and ACT, delivered by expert tutors through the Varsity Tutors Live Learning Platform. The company also offered admissions consulting services for high-achieving applicants targeting top colleges and graduate programs. Course packages included adaptive assessments, personalized learning plans, and a score improvement guarantee. Services were discontinued on May 1, 2022.
Is Veritas Prep a public or private company?
Veritas Prep is a private company. It is classified as corporate owned and is currently closed.
When was Veritas Prep founded?
Veritas Prep was founded in 2000. It employs 251 to 500 people.
Where is Veritas Prep based?
Veritas Prep is headquartered in Calabasas, United States, in the North America region.
How does Veritas Prep make money?
Two revenue lines are on record. Test Preparation Tutoring is the primary driver. The others are admissions Consulting.
Who are Veritas Prep's main competitors?
Direct peers on record are The Economist GMAT Prep, Manhattan Prep, PrepScholar, Target Test Prep and Magoosh. Broad incumbents are Princeton Review, Kaplan Test Prep and Chegg. Course Hero is listed as an others. Wyzant is listed as an emerging player.
Does Veritas Prep have an API?
No public API is recorded for Veritas Prep.
What industry is Veritas Prep in?
Veritas Prep's product category is Test Preparation Services. Its primary akta.pro industry code is EDANABAB, Graduate & Professional School Admissions Exams (GRE/GMAT/LSAT/MCAT) Prep, with a secondary code of EDANAHAH, Test Prep Learning Centers (SAT/ACT, AP/IB, State Exams). Its NAICS code is 611691.