Simplilearn Acquires New York based Fullstack Academy, Aims to Achieve $200mn in Revenue by FY24
Blackstone-backed edtech major Simplilearn announced its 100% acquisition of Fullstack Academy, a trailblazer in tech education in the United States
- The acquisition accelerates Simplilearn’s growth in the United States, with access to over 20 new university and government partnerships across the country
- Fullstack Academy has over 300 employees spread across the US and is on track to deliver over USD 30M in revenue this year
Simplilearn, the world’s leading online bootcamp for digital skilling training, announced that it has acquired a U.S.-based bootcamp education company, Fullstack Academy, for an all-cash transaction. This will be the company’s second acquisition after Market Motive in 2015. Simplilearn has grown exponentially by over 60% in the past year and this complementary acquisition will accelerate Simplilearn’s journey to become the largest digital skilling company globally. The news of the Fullstack Academy acquisition comes right after the latest funding by the GSV led consortium. The acquisition will enhance Simplilearn’s scale and presence in the bootcamp space and drive revenue growth to $200mn 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. 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 sale, all Fullstack Academy employees will remain in their roles as part of the combined organization, bringing Simplilearn’s total employee count to over 2,500. Fullstack Academy will continue to serve its students and partners as an independent business unit within Simplilearn.
Sharing details on the acquisition, Mr. Krishna Kumar, Founder, and CEO, of Simplilearn, said,
“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.”
Recently, Fullstack Academy was designated an AWS Authorized Training Partner, enabling the delivery of official AWS Training and Certification in high-demand skills areas such as cloud computing. It 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.
Innovative Ideas and Breakthroughs from NMIMS MPSTME Civil Engineering
The department has published two patents, research papers at international conferences
The Civil Engineering department of NMIMS MPSTME has been making significant strides in the field of disaster management, flood resilience, and sustainable infrastructure. The department has published two patents, research papers at international conferences, and completed several student-led projects on topics such as renewable energy, groundwater modelling, and self-healing concrete.
The first patent, ‘Automated Flood Water Regulating Multipurpose System,’ proposes a novel approach to flood resilience by constructing multipurpose wells on the banks of rivers to discharge excess water and generate hydropower. The second patent, ‘Aqua Barrier,’ is an automated mechanism that can protect any flood-prone area, regardless of its size, from any disasters caused due to water.
The student-led projects are equally impressive, with topics ranging from low-volume rural concrete roads to oscillating tidal wave energy converters. These projects showcase the department’s focus on sustainable infrastructure, renewable energy, and innovative design.
The faculty at NMIMS MPSTME Civil Engineering department, led by Head, Dr. Meenal Mategaonkar and Research coordinator, Dr. Jigisha Vashi, played a vital role in guiding and mentoring students toward research excellence. Their expertise and guidance have enabled students to participate and win awards in prestigious competitions such as the CDRI’s ‘Imagining Disaster Resilient Structures’ and The University of Queensland’s ‘Engineering Design Challenge, and AAKAR at IIT Bombay.’
The department’s success is further evidenced by the achievements of its students in national and international conferences. Students presented their research papers in Scopus Indexed papers and conferences such as the 9th Indian Young Geotechnical Engineering Conference and the Eighth Indian Young Geotechnical Conference.
Dr. Meenal Mategaonkar, Head of the Civil Engineering Department, MPSTME, NMIMS, said, “The achievements of the NMIMS MPSTME Civil Engineering department demonstrate its commitment to developing innovative solutions for complex problems in the field of civil engineering. The department’s focus on sustainable infrastructure, disaster resilience, and renewable energy is essential for addressing the challenges faced by society today. It is a testament to the hard work and dedication of both students and faculty and their commitment to excellence.”
Embark on a Journey of Scientific Empowerment with NMIMS School of Science’s Innovative Programs!
The school is known for its strong emphasis on academic excellence, research, and innovation, and is recognized as one of the leading science schools in the country
SVKM’s NMIMS Sunandan Divatia School of Science (SDSOS) has officially announced the commencement of the admissions process for its Bachelors, Masters and Doctoral programs. The school is known for its strong emphasis on academic excellence, research, and innovation, and is recognized as one of the leading science schools in the country.
Aspiring students who are interested in pursuing a career in the field of science can now apply for various undergraduate, postgraduate, and doctoral programs offered by SDSOS. The Bachelor of Science (B.Sc.) programs are available in Applied Psychology, Biomedical Science, and Animation and VFX, while the Master of Science (M.Sc.) programs are offered in Chemistry, Biological Sciences, Applied Psychology, and Physiotherapy. The school also offers Ph.D. program in Science with various disciplines such as Chemistry, and Biological Sciences.
With a focus on creating industry-ready and research-savvy graduates, SDSOS has been at the forefront of imparting cutting-edge knowledge and practical skills through constantly evolving curriculums and state-of-the-art facilities and is situated in the heart of Mumbai.
Dr. Purvi Bhatt, I/C Dean, Sunandan Divatia School of Science, said, “The school provides a dynamic and inclusive learning environment that fosters creativity, critical thinking, and innovation. Our interdisciplinary approach to education prepares students for successful careers in science and beyond, while our emphasis on co-curricular and extracurricular activities ensures their holistic development.”
The school has a student-centric environment that supports research in niche areas of Science & Technology, state-of-the-art infrastructure, and equipment to enhance students’ hands-on skills, and a library facility that is constantly updated with the latest information. The labs at SDSOS provide modernised infrastructure and the latest equipment such as the animal tissue culture lab and the wet labs at the department of Biological Sciences offer cutting-edge technology to mould students into scientists.
School of Science offers a wide range of opportunities for students to explore their talents and interests, as well as gain valuable practical experience. The events and activities mentioned, such as Excalibur, National Science Day, Open day, Guest talks, Book Talk, Sports Day, Psych Film Fest, and club activities like photography and art, these programs provide a platform for students to demonstrate their abilities and gain insights from their peers.
The Future of Architecture Takes Center Stage at NMIMS BSSA
Leach is a co-founder of Digital FUTURES and an academician at the Academy of Europe
NMIMS Balwant Sheth School of Architecture was excited to host Open Studio 2022-23 program by the renowned architectural theorist and digital design expert, Neil Leach, on 28th March 2023 and the title was, “Tell me that AI ain’t scary”
Leach is a co-founder of Digital FUTURES and an academician at the Academy of Europe. Leach has published over 40 books on architectural theory and digital design, including “Architecture in the Age of Artificial Intelligence: An Introduction to AI for Architects” and “The AI Design Revolution: How AI Will Transform Architecture.”
In the lecture, Leach highlighted the potential threat that artificial intelligence (AI) poses to the field of architecture. With the recent launch of GPT4 and the growing capabilities of AI, there is concern among architects that their jobs may be at risk. Leach provided an informed overview of the current state of AI and its potential impact on the architecture profession.
“We are very happy and proud to host Professor Neil Leach at the school. As a leading school of architecture, we are committed to providing our students with a comprehensive education that equips them with the skills and knowledge needed to thrive in the rapidly evolving field of design. Our Open Studio program and public lectures, and talks by experts like Neil Leach, play a critical role in this mission by enabling students to learn from distinguished scholars and practitioners and engage with cutting-edge ideas and technologies. We are excited to continue providing these opportunities and look forward to seeing the impact they will have on the future of architecture and design,” said, BSSA Dean, Dr. Kaiwan Mehta. As the field of architecture continues to evolve, it is essential to stay informed about emerging technologies and their potential impact on the profession. NMIMS BSSA School enables students to learn from experts and engage with pressing issues in architecture and design. By inviting renowned scholars and practitioners like Neil Leach to share their insights and expertise, the school provides a valuable opportunity for students to expand their knowledge and deepen their understanding of the field.
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