Simplilearn, a San Francisco, CA-based online learning bootcamp, acquired Fullstack Academy, a New York-based tech education company.
The amount of the deal was not disclosed.
Under the agreement, Fullstack Academy will keep its name, leadership team, and staff, operating as an independent business unit within Simplilearn. It will continue to serve its students and partners as it does today, with no changes to its bootcamp delivery or offerings. Fullstack Academy will
Led by Jerrad Tausz, who will remain as the chief executive for the company’s operations, Fullstack Academy is a national tech education provider. Founded in 2012, it offers web development, cybersecurity, data analytics, DevOps, and product management bootcamps. The company also offers the Grace Hopper Program, an immersive software engineering course for women and non-binary students, in addition to partnerships with universities nationwide, including Virginia Tech, Caltech CTME, and Louisiana State University.
Led by CEO Krishna Kumar, Simplilearn offers over 100 programs that teach early- to mid-career professionals the digital skills needed for careers in cloud, DevOps, data science, artificial intelligence and machine learning, digital marketing, and cybersecurity, among other industries. It also partners with top global and Indian universities and corporations, such as Caltech CTME, MIT Schwarzman College of Computing, UMass Amherst, Indian Institute of Technology Kanpur, IBM, and Amazon.
Backed by Blackstone, Simplilearn has launched new programs and scaled its operations to serve over 70,000 active monthly learners and over 500 enterprise clients. The acquisition of Fullstack Academy comes after a recent new funding round led by GSV Ventures to boost growth plans in India and international markets.
FinSMEs
28/11/2022