Training providers firm Perdoceo acquires coding bootcamp college Coding Dojo for $52.8M

Training providers firm Perdoceo acquires coding bootcamp college Coding Dojo for $52.8M
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Richard Wang, CEO and founding father of Coding Dojo. (Coding Dojo Photograph)

Coding Dojothe Bellevue, Wash.-based software program engineering bootcamp operator, has been acquired by Perdoceoa 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 contains an preliminary money fee of $52.8 million and as much as $15 million in further funds if sure monetary metrics are met.

Based in 2013, Coding Dojo trains software program engineers in pc programming, knowledge science, cybersecurity and different applied sciences. The corporate is No. 40 on the GeekWire 200a ranked index of Pacific Northwest startups.

Coding Dojo shifted to an online-only enterprise when the pandemic hit, however had since reopened some bodily areas.

The corporate now describes itself as a part of Colorado Technical College. It not operates bodily places of work.

Coding Dojo will preserve its day-to-day operations and preserve its current model and worker base. The corporate has round 700 workers, in response to LinkedIn.

The corporate beforehand licensed its programs to establishments all over the world. It raised $10 million in enterprise debt in June.

Entry to university-level pc science schooling is increasingly more competitiveregardless of rising demand for technical expertise.

There are greater than 500 code faculties worldwide, in response to 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 companion at NextGen Enterprise Companions.

Perdoceo has round 4,000 workers. It reported $695.2 million in income final yr, up 0.3% from 2021.

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