The acquisition, the company said, will help it drive revenue growth to $200 million in FY24, 70 percent of which is likely to come from global markets.
“Due to Fullstack Academy’s widespread footprint in the US and strong partnerships with top universities, we are confident that this collaboration will enable us to accelerate our global expansion plans,” said Krishna Kumar, founder and CEO of Simplilearn.
This will be the company’s second acquisition after Market Motive in 2015.
Simplilearn said it has grown more than 60 percent in the past year.
The company, which provides training for professional certification courses, raised $45 million last week in the Series E funding round from a consortium led by GSV Ventures.
Fullstack Academy has built strong partnerships with 20 university and industry partners, growing to more than 7,000 alumni in the US. It also runs the ‘Grace Hopper Program’ with the aim of encouraging women and non-binary students to pursue engineering careers.
Fullstack Academy has more than 300 employees across the US and is on track to generate more than $30 million in revenue this year.
“Simplilearn is the world’s #1 online digital boot camp. I look forward to leveraging our shared vision with Simplilearn to bridge the digital skills gap in the US market,” said Jerrad Tausz, CEO of Fullstack Academy.
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