Fullstack Academy Joins Blackstone-backed Simplilearn
NEW YORK–(BUSINESS WIRE)–Fullstack Academy, a trailblazer in tech education, announced today it has been acquired by Simplilearn, the world’s leading online learning bootcamp offering digital skills training and courses to working professionals globally. Simplilearn is based in San Francisco and Bangalore, India.
Backed by Blackstone, Simplilearn has had exponential recent growth, launching new programs and scaling its operations to successfully serve over 70,000 active monthly learners and over 500 enterprise clients. Simplilearn is dedicated to bridging the digital skills gap by providing learners across all career stages with the professional skills needed to succeed and keep pace with the rapidly evolving digital economy. News of Simplilearn’s acquisition of Fullstack Academy comes after a recent new funding round led by GSV Ventures to boost growth plans in India and international markets. This acquisition establishes the edtech company as the largest digital skilling company in the United States.
Fullstack Academy will continue its current brand and bootcamp offerings and operate as an independent business unit within Simplilearn. Fullstack is poised to undergo continued growth, building on its 10-year history and experience in the U.S. bootcamp space.
Since its founding, Fullstack has expanded its offerings, introducing new bootcamp programs and disciplines within Fullstack Academy, the Grace Hopper Program, government programs, and twenty university and industry partners, growing to over 7,000 alumni across the U.S. In 2022, Fullstack Academy was designated an AWS Authorized Training Partner, enabling delivery of official AWS Training and Certification in high-demand skills areas such as cloud computing. Fullstack was selected to join the 2023 Amazon Career Choice program, offering bootcamp programs to eligible Amazon employees across more than 30 metropolitan areas. Additionally, Fullstack Academy was selected by LinkedIn Talent Solutions as the winner of its 2021 LinkedIn Talent Awards for Best Acquisition Team in the Education category.
Simplilearn credits Fullstack Academy’s established reputation for quality outcomes, positive student feedback, trusted partnerships, and talented employee base as the primary factors behind its acquisition of the tech bootcamp provider. Following the acquisition, all of Fullstack’s employees will remain in their roles as part of the combined organization, bringing Simplilearn’s total employee count to over 2,500.
Under the agreement, Fullstack Academy will keep its name, leadership team, and staff. It will continue to serve its students and partners as it does today, with no changes to its bootcamp delivery or offerings. Fullstack Academy CEO Jerrad Tausz will remain as the chief executive for the company’s operations.
“This acquisition marks an exciting opportunity for our organization,” said Tausz, CEO of Fullstack Academy. “Simplilearn is the world’s No. 1 online bootcamp. Together, we share an aligned mission of transforming lives by helping students from all backgrounds and skill sets learn the technical skills needed to secure in-demand jobs. We are very confident in the future success of our organization and excited about what the change of ownership will bring to all staff, students, partners, and alumni. I look forward to leveraging our shared vision with Simplilearn to bridge the digital skills gap in the U.S. market.”
Founded in 2010, 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. Simplilearn 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, to provide training to help individuals and organizations keep up with the constantly changing demands driven by digitization. More than 3 million professionals globally have studied with Simplilearn to date.
“Bootcamps have been an extremely popular concept in the edtech industry, and there is no denying that learners are looking for the holistic learning experience that bootcamps offer. Through Fullstack Academy’s strong footprint in the U.S. with its bootcamps and elite partnerships with top universities, we are confident that this collaboration will enable us to accelerate our global expansion plans. It is amazing to find a business whose vision is similar to ours and complements our pedagogy and belief system. We are certain to leverage each other’s capabilities in a prolific way to attain synergies,” said Krishna Kumar, Simplilearn Founder and CEO.
Tyton Partners acted as financial advisor and DLA Piper acted as legal advisor to Fullstack Academy and its parent company.
About Fullstack Academy
Fullstack Academy is a national tech education provider based in New York City. Founded in 2012, it offers web development, cybersecurity, data analytics, DevOps, and product management bootcamps. Fullstack Academy also offers the Grace Hopper Program, an immersive software engineering course for women and non-binary students, in addition to partnerships with leading universities nationwide, including Virginia Tech, Caltech CTME, and Louisiana State University. Graduates have been hired by Google, Facebook, Amazon, Fortune 100 firms, and startups. For more information, visit https://www.fullstackacademy.com/.
About Simplilearn
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn is the world’s #1 online Bootcamp for digital economy skills training. Simplilearn offers access to world-class work-ready training to individuals and businesses around the world. The Bootcamps are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or/and business goals. For more information, visit https://www.simplilearn.com/.
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