consulting industry education founded 2002 headquarters malibu california usa key people chad troutwine markus moberg number of employees 400 website 1 veritas prep is a privately held test preparation and graduate school admissions consulting company . 1 veritas prep operates in more than 100 cities in 22 global countries from its malibu california headquarters . 2 the company was founded on the campus of yale university in 2002 by yale school of management graduates chad troutwine and markus moberg who worked on the business plan for the company in professor david cromwell s entrepreneurial planning class . 3 4 troutwine currently serves on the yale school of management alumni association board of directors . 5 veritas prep emerged after winning business plan competitions sponsored by the yale entrepreneurial society yes active capital formerly ace net carrot capital and forbes magazine . citation needed in 2009 entrepreneur magazine favorably compared veritas prep to apple and google . 6 contents 1 gmat preparation 2 sat preparation and act preparation 3 admissions consulting 4 company litigation 5 references 6 external links gmat preparation edit veritas prep offers classroom courses pre recorded courses live online courses and private tutoring for the gmat a standardized test . 6 the veritas prep program spans 36 hours and includes twelve different lesson booklets . 6 since the company s inception all veritas prep instructors have scored above the 99th percentile on the gmat . 7 the gmat is an analytical examination requiring little memorization . consequently the veritas prep pedagogy management based approach focuses on learning to think like the test maker the graduate management admission council gmac rather than rote learning . 8 sat preparation and act preparation edit in august 2012 the company introduced an sat preparation course called veritas prep sat 2400 available in live online and pre recorded online formats . veritas prep also introduced one on one private sat tutoring available in person and online . similar to the company s approach in the gmat preparation space every veritas prep sat instructor has scored in the 99th percentile on the exam . in february 2014 the company launched its act 36 course also exclusively employing instructors who score in the 99th percentile on that exam . admissions consulting edit veritas prep also offers graduate school admissions consulting which consists of strategic planning essay editing interview preparation and other related tasks to help its clients gain entry into business schools law schools medical schools and other graduate schools . 9 veritas prep designed its strategic approach from the principles articulated in the book your mba game plan . 10 veritas prep employs more than 150 admissions consultants including former admissions officers from top schools . 11 company litigation edit since 2007 veritas prep has filed two lawsuits against maple leaf international consulting mlic another provider of test preparation services . in 2007 veritas prep sued mlic over false statements about veritas prep on mlic s site . the two parties settled and mlic agreed to remove the claims from its site . after similar statements started to appear in anonymous online reviews and on various gmat related online forums veritas prep again filed suit against mlic in june 2010 . in april 2011 the california superior court found in favor of veritas prep ordering mlic to pay veritas prep 129 319 in damages . the case has since become a commonly cited example of what businesses should do when a competitor attacks another company through anonymous false claims on the internet . 12 references edit business school applicants have spoken veritas prep survey reveals applicants crave school specific admissions resources to gain an edge in the mba admissions process . education.tmcnet.com . 2010 05 18 . retrieved 2010 06 09 . gmat test prep company profile series veritas prep clear admit mba admissions consultants blog . blog.clearadmit.com . 2009 07 20 . retrieved 2010 06 09 . yale school of management alumni profiles . mba.yale.edu . retrieved 2010 06 09 . entrepreneur speaks at som . www.yaledailynews.com . retrieved 2010 11 15 . yale school of management chad troutwine 02 . mba.yale.edu . retrieved 2010 06 09 . a b c romero dennis 2009 02 10 . a better way to prepare . entrepreneur.com . retrieved 2010 06 09 . comparing gmat test prep companies . mba podcaster . retrieved 2010 06 09 . gmat tip think like the testmaker volume 14 . b school admissions formula . 2009 04 04 . retrieved 2010 06 09 . veritas prep answers who s on this year s business school waitlists education & training academic admissions from . allbusiness.com . retrieved 2010 06 09 . http bignews.biz id 785170 & keys learn more about veritas prep interview with veritas prep co founder chad troutwine . businessmajors.about.com . 2009 10 30 . retrieved 2010 06 09 . how to fight on online smear campaign . inc. magazine . 2012 07 03 . retrieved 2012 07 03 . external links edit official website retrieved from https en.wikipedia.org w index.php title veritas prep & oldid 702405044 categories standardized tests in the united statestest preparation companiesvirtual learning environmentshidden categories all articles with unsourced statementsarticles with unsourced statements from january 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 30 january 2016 at 10 39 . text is available 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