Edtech startup Simplilearn acquired US-based bootcamp edtech startup Fullstack Academy in an all-cash deal. The financial terms of the transaction were not disclosed by the startup.
According to reports, the acquisition will assist Simplilearn in driving revenue growth of up to $200 million by the fiscal year 2024. The news comes just a week after Simplilearn raised $45 million in a round led by GSV Ventures. The funding round was also attended by Clal Insurance and ADQ’s venture platform DisruptAD. After acquiring Market Motive in 2015, Simplilearn now counts Fullstack Academy as its second acquisition. It also claims to have grown by 60% in the previous year (2021)
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Edtech startup Simplilearn acquired US-based bootcamp edtech startup Fullstack Academy in an all-cash deal. The financial terms of the transaction were not disclosed by the startup.
According to reports, the acquisition will assist Simplilearn in driving revenue growth of up to $200 million by the fiscal year 2024. The news comes just a week after Simplilearn raised $45 million in a round led by GSV Ventures. The funding round was also attended by Clal Insurance and ADQ’s venture platform DisruptAD. After acquiring Market Motive in 2015, Simplilearn now counts Fullstack Academy as its second acquisition. It also claims to have grown by 60% in the previous year (2021)
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
