Mumbai, November 29, 2022: Leading Indian training leader Simplilearn, has acquired a U.S.-based bootcamp education company, Fullstack Academy, its second acquisition after Market Motive in 2015.
The acquisition will enhance Simplilearn’s scale and presence in the bootcamp space and drive revenue growth to $200 million by FY24, of which 70 percent is likely to come from global markets.
Fullstack Academy is a premium bootcamp provider that has expanded its offerings, introducing new bootcamp programs in Web Development, Cybersecurity, Product Management, DevOps, Data Analytics, and other disciplines. Over the years, the company has built strong partnerships with twenty university and industry partners, growing to over 7,000 alumni across the U.S. It also runs the highly successful Grace Hopper Program with an aim to encourage women and nonbinary students to pursue tech careers.
Fullstack’s existing partnerships across 15 states provides Simplilearn access to new university partnerships that will expedite Simplilearn’s growth in the region.
Says Krishna Kumar, Founder, and CEO, of Simplilearn: “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 wide-spread footprint in the U.S. and its strong 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 we will be able to leverage each other's capabilities synergisitically to build a strong company.”
“This acquisition marks an exciting opportunity for our organization,” said Jerrad Tausz, CEO of Fullstack Academy. “Simplilearn is the world’s No. 1 online digital 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.”