Coding bootcamp Full Stack Academy has been acquired by higher education company Bridgepoint Education in a transaction that has a potential value of approximately $50M. The terms of the deal include $17.5M in cash along with 2.5M shares of Bridgepoint, which is currently trading at $6.74 as of this writing (an additional $16.85M). The acquisition terms also call for an additional 2.25M shares if milestones are met. “By joining Bridgepoint Education, we’ll not only gain a like-minded partner dedicated to innovative education, but a partner that can help us scale our own mission to make technology education and careers a reality for more people around the country,” said Nimit Maru, cofounder, Fullstack Academy.
Founded by Maru and David Yang in 2013, FullStack Academy is a graduate of Y Combinator. Fullstack will continue to operate under its own brand as a subsidiary of Bridgepoint with Yang and Maru still at the helm. Since 2013, over 2500 students have graduated from the program.
“When reviewing potential partners to help us reimagine the student experience via technology, we were immediately impressed with the outcomes-focused curriculum Fullstack Academy offers across its various programs and partnerships,” said Andrew Clark, CEO, Bridgepoint Education. “This fast, focused and effective approach is exactly what modern education needs to fill tech talent pipelines, and we’re excited about the changes we can make together.”
By joining Bridgepoint Education, we’ll not only gain a like-minded partner dedicated to innovative education, but a partner that can help us scale our own mission to make technology education and careers a reality for more people around the country – Nimit Maru, cofounder, Fullstack Academy.
