M&A

M&A

Simplilearn acquired US Edtech firm Fullstack

Economic Times  

Upskilling edtech platform Simplilearn has acquired US-based education tech company Fullstack Academy, as it looks to scale up in the North America region. Simplilearn acquired Fullstack from publicly traded US edtech Zovio Inc, which has over the past few months been taking steps to dissolve the company. In September, Zovio, in a filing to the US Securities and Exchange Commission (SEC), said it was looking to sell Fullstack for $34-$55 million. Founded in 2012, Fullstack Academy offers web development, cybersecurity, data analytics, DevOps, and product management boot camps to students in the United States. With the Fullstack acquisition, Simplilearn will get access to over 300 employees and 19 new universities in the US.