K12 Inc. Expands into Talent Development with Acquisition of Tech Pioneer Galvanize
Combined company poised to tackle technical skills gap in nation’s increasingly digital economy
At Galvanize’s eight campuses across the U.S., students and entrepreneurs gain unparalleled access to technical experts and instructors, and a variety of innovative learning opportunities that advance their skills in software engineering and data science, amongst other technical skills. In addition to its in-person campuses, Galvanize offers full-time and part-time immersive online bootcamps. Both options provide aspiring and established professionals with the education and resources they need to thrive in the digital economy.
“Learning is a lifelong journey. This acquisition expands our vision for career education to go beyond high school by developing talent and capabilities for learners of all ages and backgrounds,” said
Today’s announcement comes at a time when many employers across the country are struggling to find qualified tech workers to fill job openings. Between
Galvanize’s immersive product suite, including the acclaimed Hack Reactor Software Engineering Immersive and Galvanize Data Science Immersive bootcamps, delivers the latest technology training to address this gap. With a growing alumni base of more than 8,000 professionals, Galvanize graduates more mid to advanced–level software engineers and data scientists than any other bootcamp provider. Graduates across all campuses and online earn, on average, annual base salaries of
Galvanize graduates have gone on to bring their talents to more than 2,250 companies, including
Like Galvanize, K12 has been committed to removing barriers to high-quality education since its inception 20 years ago. The company has recently taken a leadership role in career readiness education, serving more than 13,000 students nationwide through K12-powered Destinations Career Academies, which combine traditional high school academics with career technical education. With this acquisition, K12 builds on its signature portfolio of curriculum, programs, platforms and technology and extends its commitment to developing talent and capabilities for adult learners.
“I am proud to join K12 in our shared goal to bridge the gap between industry demands and education. Together, we will prepare more learners to thrive in the modern digital economy,” said Harsh Patel, Chief Executive Officer of Galvanize. “The K12 team believes in Galvanize’s mission to teach industry-relevant skills and lifelong learning techniques. I’m looking forward to continuing our work to make people’s lives better and to make education more accessible and more affordable.”
K12 expects to acquire Galvanize for approximately
K12 plans to discuss details of the Galvanize acquisition on its previously scheduled second quarter fiscal year 2020 financial results conference call. This call is scheduled for
A live webcast of the call will be available at http://public.viavid.com/index.php?id=136953. To participate in the live call, investors and analysts should dial (877) 407-4019 (domestic) or (201) 689-8337 (international) at
Galvanize is a learning community for technology with eight physical campuses across the U.S. where innovative startups, aspiring students, and large enterprises benefit from a dynamic, unique technology ecosystem. Galvanize is an industry leader in technology education, offering the Data Science and Hack Reactor Software Engineering immersive bootcamps, that propel careers and help individuals thrive in the digital economy. In addition to its physical campuses, Galvanize offers full-time and part-time immersive bootcamps to individuals remotely, and tailored workforce training to enterprise clients to address each of their unique needs. With 8,000+ graduates, Galvanize alumni have gone on to bring their talents to over 2,250 companies. Learn more at www.galvanize.com.
Investor and Press Contact:
Mike Kraft, 571-353-7778
SVP Corporate Communications