Coding Dojo, the Bellevue, Wash.-based software program engineering bootcamp operator, has been acquired by Perdoceo, a publicly traded Illinois-based firm that owns on-line tutorial establishments together with Colorado Technical College and American InterContinental College System.
Perdoceo accomplished the deal Dec. 1 and revealed the acquisition in its annual earnings report Thursday. The deal consists of an preliminary money cost of $52.8 million and as much as $15 million in extra funds if sure monetary metrics are met.
Based in 2013, Coding Dojo trains software program engineers in laptop programming, information science, cybersecurity and different applied sciences. The corporate is No. 40 on the Startup 200, a ranked index of Pacific Northwest startups.
Coding Dojo shifted to an online-only enterprise when the pandemic hit, however had since reopened some bodily places.
The corporate now describes itself as a part of Colorado Technical College. It not operates bodily places of work.
Coding Dojo will keep its day-to-day operations and preserve its current model and worker base. The corporate has round 700 staff, in keeping with LinkedIn.
The corporate beforehand licensed its programs to establishments around the globe. It raised $10 million in enterprise debt in June.
Entry to university-level laptop science training is more and more extra aggressive, regardless of rising demand for technical expertise.
There are greater than 500 code colleges worldwide, in keeping with Course Report.
Richard Wang co-founded Coding Dojo in 2013. Wang, the corporate’s CEO, was beforehand an government at pet insurance coverage firm Trupanion and a chief of employees at Boeing. He’s a enterprise accomplice at NextGen Enterprise Companions.
Perdoceo has round 4,000 staff. It reported $695.2 million in income final 12 months, up 0.3% from 2021.