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Estacio

Full company profile

uuid00366y2

Namestring
Estacio
Legal namestring
Estacio
Websiteurl
estacio.br
Company typeenum
Private
Founded yearint
1970
Descriptiontext

Estacio is a Brazilian private higher education institution and the flagship brand of publicly traded Yduqs, operating across all regions of Brazil with 10,000+ employees and a 450+ course portfolio spanning undergraduate (gradua\u00e7\u00e3o), postgraduate (p\u00f3s-gradua\u00e7\u00e3o), technical, and professional courses delivered via presencial, semipresencial, live, and distance-learning (EAD) formats. Its core technology stack comprises the SAVA virtual classroom, the Minha Est\u00e1cio mobile application (iOS/Android), the SIA student information system, and T\u00e1cia, an AI chatbot for real-time student support. The institution has produced over 1 million alumni and maintains 500+ corporate partnerships delivering 80,000+ annual job and internship opportunities, reporting that 70% of graduates secure employment in their field.

Estacio generates revenue primarily through recurring monthly tuition fees ranging from R$129 for EAD gradua\u00e7\u00e3o to R$289+ for presencial health programs, with scholarship discounts up to 70% via ENEM scores and 100% via Prouni. Enrollment occurs through multiple channels including vestibular entrance exams, ENEM scores, transfer, second-degree pathways, simplified entry, and a free trial platform (Experimente). The institution participates in federal Fies financing and Prouni scholarship programs, reducing student price friction and broadening the addressable market across income segments.

The business is currently navigating material headwinds: Q1 2026 total enrollment declined 7% year-over-year, with EAD enrollment collapsing 37% following Brazil's new Marco do EAD regulations that restrict fully digital course offerings. This has forced a defensive repositioning toward presencial and semipresencial formats. As Yduqs' largest subsidiary, Estacio's performance is a significant driver of group results, and management has flagged digital operations as a drag on 2024 consolidated outcomes.

Short descriptiontext

Estacio is Brazil's largest private university, a Yduqs subsidiary delivering 450+ undergraduate, postgraduate, technical, and professional courses nationwide via presencial, semipresencial, and EAD formats to consumer students, supported by the SAVA virtual classroom, Minha Est\u00e1cio app, and T\u00e1cia AI assistant.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersNacional, Mexico
HQ citystring
Nacional
HQ countrystring
Mexico
HQ regionstring
Latin America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
higher education services, distance learning courses, undergraduate degree programs, postgraduate MBA programs, technical professional courses
NAICS code4 codes
  • Colleges, Universities, and Professional Schools6113
  • Colleges, Universities, and Professional Schools611310
  • Colleges, Universities, and Professional Schools61131
  • Educational Services61
SIC code1 code
  • Services-Educational Services8200
Product category
Private Higher Education
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Tuition and Monthly Fees
TypeSubscription Recurring
Description

Monthly tuition fees charged to students across undergraduate (graduação), postgraduate (pós-graduação), technical, and professional courses. Pricing varies by course type, delivery format (EAD, presencial, semipresencial), and location. Payment models include full tuition, government-financed programs (Fies, Prouni), and institutional financial assistance.

estacio.br
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels7 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details8 tiers
1Graduação EAD courses starting at R$129/month
ModelSubscriptionBilling cadenceMonthly
Notes

Graduação EAD courses start at R$129/month. Prices may vary by course and location.

estacio.br
2Semipresencial courses starting at R$159/month
ModelSubscriptionBilling cadenceMonthly
Notes

Semipresencial format combining online and in-person components, starting at R$159/month for the entire course.

estacio.br
3Análise e Desenvolvimento de Sistemas technologist from R$119/month
ModelSubscriptionBilling cadenceMonthly
Notes

Technology course (2.5 years) with EAD format starting at R$119/month. Total workload of 2,080 hours across 30 disciplines.

estacio.br
4Nutrição (Nutrition) at R$249/month
ModelSubscriptionBilling cadenceMonthly
Notes

Semipresencial and presencial formats available. Course duration approximately 4 years with 3,264 total hours.

estacio.br
5Enfermagem (Nursing) at R$289/month
ModelSubscriptionBilling cadenceMonthly
Notes

Presencial format only (per MEC requirements). 5-year course duration.

estacio.br
6Technical courses starting at R$75 first month + 55% on total course
ModelUnit PricingBilling cadenceMonthly
Notes

Technical courses range from 12-24 months, MEC-certified. Professionalizante (professional) courses are 100% digital with 6-month duration.

estacio.br
7Pos-Graduação (Postgraduate) EAD from R$129/month
ModelSubscriptionBilling cadenceMonthly
Notes

MBA and specialization courses available in flexible EAD format.

estacio.br
8Parcela Leve starting payment: R$79 for first 3 months
ModelHybridBilling cadenceMonthly
Notes

Initial payment program allowing students to start at R$79/month for 3 months. The difference is spread across remaining course duration. Not applicable to Medical courses.

estacio.br
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1Minha Estacio
Description

Mobile application for students to access courses, track progress, and interact with AI assistant Tacia

estacio.br
+2 more records
Core offering1 text field

Estacio is a private higher education institution offering undergraduate (Graduação), postgraduate (Pós-Graduação/MBA), technical, and professional courses delivered across presencial, semipresencial, live, and distance learning (EAD) formats. The institution serves individual students across Brazil with over 450 course options, an integrated digital learning platform (SAVA virtual classroom, Minha Estácio mobile app), AI-powered student support (Tácia), career services, and government-aligned financial aid programs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 70% of graduates are employed in their field of study
+4 more records
Product overview1 text field

Estacio is a Brazilian higher education institution offering a multi-format educational platform with in-person, hybrid (semipresencial), and distance learning (EAD) modalities. The core product portfolio consists of Graduation programs (undergraduate degrees including Technólogo, Bacharelado, and Licenciatura), Postgraduate and MBA courses, Technical programs, and Professional courses. Student-facing digital products include the Minha Estácio mobile app, SAVA virtual classroom, and SIA student information system. Ancillary services encompass vocational testing (Teste Vocacional), ENEM score calculator, career portal, and financial support through Prouni, Fies, and the internal Parcela Leve installment program. The institution operates across all regions of Brazil with physical campus units.

Product and service3 records
1Graduação (Undergraduate Degree Programs)
CategoryUndergraduate Education
Description

Bachelor's degree programs (Bacharelado, Tecnológico, Licenciatura) across disciplines including Health Sciences, Technology, Business, Law, and Social Sciences. Delivered via presencial, semipresencial, EAD, and live formats. MEC-certified with 35+ courses holding maximum ratings.

2Pós-Graduação (Postgraduate and MBA Programs)
CategoryPostgraduate Education
Description

MBA programs, specialization courses, and postgraduate degrees for working professionals seeking career advancement, salary increases, or field transitions. Flexible EAD format available starting from R$129/month.

3Cursos Técnicos (Technical Courses)
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeOthers
Description

Yduqs is the parent company of Estácio, part of one of Brazil's largest education groups. Yduqs manages ESG initiatives for Estácio through yduqs.com.br/esg. Financial reporting shows Estácio as a subsidiary within the Yduqs portfolio.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Over 500 companies partner with Estácio to offer exclusive job and internship opportunities to students through the career portal. Partners include major Brazilian employers across industries including healthcare, technology, finance, and retail.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Government student financing program administered by MEC offering subsidized loans for tuition. Estácio participates as an approved institution, enabling students to finance tuition with deferred payment and low interest rates.

4Prouni (Programa Universidade para Todos)
Strategic tierCoreTypeGTM or Marketing Partner
Description

Government scholarship program providing full (100%) and partial (50%) tuition scholarships for low-income students. Estácio offers courses through this program with enrollment managed via MEC's SISPROUNI system.

estacio.br
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
1Anima Holding
TypeDirect peer
Description

Anima operates premium and mass-market Brazilian universities (UNA, UniBH, Inspirali, HSM) across presencial, semipresencial and online formats. Competes head-to-head with Estacio for the same undergraduate segments and is also affected by Marco do EAD regulatory shifts.

TypeDirect peer
Description

Unicesumar is a large Brazilian private university with strong EAD and semipresencial offerings, directly exposed to the same Marco do EAD regulatory pressures as Estacio and competing for online and hybrid undergraduate demand.

TypeDirect peer
Description

Ser Educacional runs UNINASSAU, UNG, UNAMA and other Brazilian universities focused on the North/Northeast mass market. Competes with Estacio on price-sensitive undergraduate segments and has similar Fies/Prouni exposure.

TypeBroad incumbent
Description

Adtalem is a US-based for-profit education company whose Brazilian operations were acquired by Estacio in 2019. Comparable in international higher-education and healthcare-training orientation, and informs the strategic logic of Estacio's healthcare-heavy course mix.

TypeDirect peer
Description

Cogna is Brazil's largest for-profit education group, operating K-12, language schools (Wizard/Sabá) and a higher education division (Kroton/Unopar) with comparable EAD, presencial, and semipresencial delivery. Direct competitor for mass-market Brazilian undergraduates via Fies/Prouni channels.

TypeDirect peer
Description

UNIP is one of Brazil's largest private universities with nationwide presencial and EAD operations, serving mass-market undergraduates. Overlaps directly with Estacio in course catalog breadth, geographic spread and government-financed student base.

TypeBroad incumbent
Description

Laureate is a global for-profit higher education operator with deep Latin American heritage (sold Brazil assets earlier). Comparable as a publicly-traded reference multiple and strategic peer for international higher-education platforms with mass-market Brazilian exposure.

TypeEmerging player
Description

Vasta is a Brazilian K-12/edtech platform (Anhanguera, Pitangas) with overlapping parent investors and exposure to the same Brazilian education consumer. Useful as a demand-side and digital-platform reference for Estacio's hybrid and online ambitions.

TypeDirect peer
Description

Cruzeiro do Sul is a Brazilian private university group with presencial and EAD programs across multiple regions, targeting similar mass-market undergraduate and postgraduate segments served by Estacio.

TypeBroad incumbent
Description

Yduqs is the publicly listed parent that owns Estacio alongside other brands (Idomed, Wyden, Unimetrocamp). Relevant for parent-level capital allocation, group benchmarking and segment reporting - revenue/EBITDA trends at Yduqs directly influence Estacio's reinvestment capacity.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Estacio

Private Higher Educationestacio.br

Estacio is Brazil's largest private university, a Yduqs subsidiary delivering 450+ undergraduate, postgraduate, technical, and professional courses nationwide via presencial, semipresencial, and EAD formats to consumer students, supported by the SAVA virtual classroom, Minha Est\u00e1cio app, and T\u00e1cia AI assistant.

What Estacio does

Estacio is a Brazilian private higher education institution and the flagship brand of publicly traded Yduqs, operating across all regions of Brazil with 10,000+ employees and a 450+ course portfolio spanning undergraduate (gradua\u00e7\u00e3o), postgraduate (p\u00f3s-gradua\u00e7\u00e3o), technical, and professional courses delivered via presencial, semipresencial, live, and distance-learning (EAD) formats. Its core technology stack comprises the SAVA virtual classroom, the Minha Est\u00e1cio mobile application (iOS/Android), the SIA student information system, and T\u00e1cia, an AI chatbot for real-time student support. The institution has produced over 1 million alumni and maintains 500+ corporate partnerships delivering 80,000+ annual job and internship opportunities, reporting that 70% of graduates secure employment in their field.

Estacio generates revenue primarily through recurring monthly tuition fees ranging from R$129 for EAD gradua\u00e7\u00e3o to R$289+ for presencial health programs, with scholarship discounts up to 70% via ENEM scores and 100% via Prouni. Enrollment occurs through multiple channels including vestibular entrance exams, ENEM scores, transfer, second-degree pathways, simplified entry, and a free trial platform (Experimente). The institution participates in federal Fies financing and Prouni scholarship programs, reducing student price friction and broadening the addressable market across income segments.

The business is currently navigating material headwinds: Q1 2026 total enrollment declined 7% year-over-year, with EAD enrollment collapsing 37% following Brazil's new Marco do EAD regulations that restrict fully digital course offerings. This has forced a defensive repositioning toward presencial and semipresencial formats. As Yduqs' largest subsidiary, Estacio's performance is a significant driver of group results, and management has flagged digital operations as a drag on 2024 consolidated outcomes.

Estacio firmographics

Firmographics
Name
Estacio
Legal name
Estacio
Website
https://estacio.br
Company type
Private
Founded year
1970
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Estacio is Brazil's largest private university, a Yduqs subsidiary delivering 450+ undergraduate, postgraduate, technical, and professional courses nationwide via presencial, semipresencial, and EAD formats to consumer students, supported by the SAVA virtual classroom, Minha Est\u00e1cio app, and T\u00e1cia AI assistant.
Ownership category
akta.pro rank

Where Estacio is headquartered

Location

Headquarters

HQ city
Nacional
HQ country
Mexico
HQ region
Latin America

Offices4 records

Markets served

Estacio business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Tuition and Monthly Fees: Monthly tuition fees charged to students across undergraduate (graduação), postgraduate (pós-graduação), technical, and professional courses. Pricing varies by course type, delivery format (EAD, presencial, semipresencial), and location. Payment models include full tuition, government-financed programs (Fies, Prouni), and institutional financial assistance.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyGraduação EAD courses starting at R$129/month
SubscriptionMonthlySemipresencial courses starting at R$159/month
SubscriptionMonthlyAnálise e Desenvolvimento de Sistemas technologist from R$119/month
SubscriptionMonthlyNutrição (Nutrition) at R$249/month
SubscriptionMonthlyEnfermagem (Nursing) at R$289/month
Unit PricingMonthlyTechnical courses starting at R$75 first month + 55% on total course
SubscriptionMonthlyPos-Graduação (Postgraduate) EAD from R$129/month
HybridMonthlyParcela Leve starting payment: R$79 for first 3 months

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Estacio product offering

Product offering

Core offering

Estacio is a private higher education institution offering undergraduate (Graduação), postgraduate (Pós-Graduação/MBA), technical, and professional courses delivered across presencial, semipresencial, live, and distance learning (EAD) formats. The institution serves individual students across Brazil with over 450 course options, an integrated digital learning platform (SAVA virtual classroom, Minha Estácio mobile app), AI-powered student support (Tácia), career services, and government-aligned financial aid programs.

Product overview

Estacio is a Brazilian higher education institution offering a multi-format educational platform with in-person, hybrid (semipresencial), and distance learning (EAD) modalities. The core product portfolio consists of Graduation programs (undergraduate degrees including Technólogo, Bacharelado, and Licenciatura), Postgraduate and MBA courses, Technical programs, and Professional courses. Student-facing digital products include the Minha Estácio mobile app, SAVA virtual classroom, and SIA student information system. Ancillary services encompass vocational testing (Teste Vocacional), ENEM score calculator, career portal, and financial support through Prouni, Fies, and the internal Parcela Leve installment program. The institution operates across all regions of Brazil with physical campus units.

Differentiator

Problem solved

Functional benefit

Brands

  • Minha Estacio: Mobile application for students to access courses, track progress, and interact with AI assistant Tacia
  • Estacio Play
  • Faculdade Estacio

Products and services

  • Graduação (Undergraduate Degree Programs) Bachelor's degree programs (Bacharelado, Tecnológico, Licenciatura) across disciplines including Health Sciences, Technology, Business, Law, and Social Sciences. Delivered via presencial, semipresencial, EAD, and live formats. MEC-certified with 35+ courses holding maximum ratings.
  • Pós-Graduação (Postgraduate and MBA Programs) MBA programs, specialization courses, and postgraduate degrees for working professionals seeking career advancement, salary increases, or field transitions. Flexible EAD format available starting from R$129/month.
  • Cursos Técnicos (Technical Courses)

Quantifiable outcome

  • 70% of graduates are employed in their field of study
  • +4 more outcomes

Companies that use Estacio

Customer profile

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Estacio technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Estacio partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

  • YduqscoreOthersYduqs is the parent company of Estácio, part of one of Brazil's largest education groups. Yduqs manages ESG initiatives for Estácio through yduqs.com.br/esg. Financial reporting shows Estácio as a subsidiary within the Yduqs portfolio.
  • Corporate Partners (500+)coreGTM or Marketing PartnerOver 500 companies partner with Estácio to offer exclusive job and internship opportunities to students through the career portal. Partners include major Brazilian employers across industries including healthcare, technology, finance, and retail.
  • Fies (Fundo de Financiamento Estudantil)coreGTM or Marketing PartnerGovernment student financing program administered by MEC offering subsidized loans for tuition. Estácio participates as an approved institution, enabling students to finance tuition with deferred payment and low interest rates.
  • Prouni (Programa Universidade para Todos)coreGTM or Marketing PartnerGovernment scholarship program providing full (100%) and partial (50%) tuition scholarships for low-income students. Estácio offers courses through this program with enrollment managed via MEC's SISPROUNI system.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Estacio competitors and assessment

Company assessment

Direct peers

  • Anima Holding: Anima operates premium and mass-market Brazilian universities (UNA, UniBH, Inspirali, HSM) across presencial, semipresencial and online formats. Competes head-to-head with Estacio for the same undergraduate segments and is also affected by Marco do EAD regulatory shifts.
  • Unicesumar: Unicesumar is a large Brazilian private university with strong EAD and semipresencial offerings, directly exposed to the same Marco do EAD regulatory pressures as Estacio and competing for online and hybrid undergraduate demand.
  • Ser Educacional: Ser Educacional runs UNINASSAU, UNG, UNAMA and other Brazilian universities focused on the North/Northeast mass market. Competes with Estacio on price-sensitive undergraduate segments and has similar Fies/Prouni exposure.
  • Cogna Educação (Kroton): Cogna is Brazil's largest for-profit education group, operating K-12, language schools (Wizard/Sabá) and a higher education division (Kroton/Unopar) with comparable EAD, presencial, and semipresencial delivery. Direct competitor for mass-market Brazilian undergraduates via Fies/Prouni channels.
  • Universidade Paulista (UNIP): UNIP is one of Brazil's largest private universities with nationwide presencial and EAD operations, serving mass-market undergraduates. Overlaps directly with Estacio in course catalog breadth, geographic spread and government-financed student base.
  • Cruzeiro do Sul Educacional: Cruzeiro do Sul is a Brazilian private university group with presencial and EAD programs across multiple regions, targeting similar mass-market undergraduate and postgraduate segments served by Estacio.

Broad incumbents

  • Adtalem Global Education: Adtalem is a US-based for-profit education company whose Brazilian operations were acquired by Estacio in 2019. Comparable in international higher-education and healthcare-training orientation, and informs the strategic logic of Estacio's healthcare-heavy course mix.
  • Laureate Education: Laureate is a global for-profit higher education operator with deep Latin American heritage (sold Brazil assets earlier). Comparable as a publicly-traded reference multiple and strategic peer for international higher-education platforms with mass-market Brazilian exposure.
  • Yduqs (parent group, ex-Estacio): Yduqs is the publicly listed parent that owns Estacio alongside other brands (Idomed, Wyden, Unimetrocamp). Relevant for parent-level capital allocation, group benchmarking and segment reporting - revenue/EBITDA trends at Yduqs directly influence Estacio's reinvestment capacity.

Emerging players

  • Vasta (previously Somos Educação): Vasta is a Brazilian K-12/edtech platform (Anhanguera, Pitangas) with overlapping parent investors and exposure to the same Brazilian education consumer. Useful as a demand-side and digital-platform reference for Estacio's hybrid and online ambitions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Estacio social profiles

Digital presence

Estacio financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Estacio leadership team

Management profile

Number of profiles

Profiles2 records

Estacio funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Estacio M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Estacio

What does Estacio do?

Estacio is a private higher education institution offering undergraduate (Graduação), postgraduate (Pós-Graduação/MBA), technical, and professional courses delivered across presencial, semipresencial, live, and distance learning (EAD) formats. The institution serves individual students across Brazil with over 450 course options, an integrated digital learning platform (SAVA virtual classroom, Minha Estácio mobile app), AI-powered student support (Tácia), career services, and government-aligned financial aid programs.

Is Estacio a public or private company?

Estacio is a private company. It is classified as corporate owned and is currently operating.

When was Estacio founded?

Estacio was founded in 1970. It employs 5,001 to 10,000 people.

Where is Estacio based?

Estacio is headquartered in Nacional, Mexico, in the Latin America region.

How does Estacio make money?

One revenue line is on record: tuition and Monthly Fees.

Who are Estacio's main competitors?

Direct peers on record are Anima Holding, Unicesumar, Ser Educacional, Cogna Educação (Kroton), Universidade Paulista (UNIP) and Cruzeiro do Sul Educacional. Broad incumbents are Adtalem Global Education, Laureate Education and Yduqs (parent group, ex-Estacio). Vasta (previously Somos Educação) is listed as an emerging player.

Does Estacio have an API?

No public API is recorded for Estacio.

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