M&A Deal Summary

Zovio Acquires Fullstack Academy

On March 12, 2019, Zovio, Inc. acquired education company Fullstack Academy, Inc. for 18M USD

Acquisition Highlights
  • This is Zovio’s 1st transaction in the Education sector.
  • This is Zovio’s 1st largest (disclosed) transaction.
  • This is Zovio’s 1st transaction in the United States.
  • This is Zovio’s 1st transaction in New York.

M&A Deal Summary

Date 2019-03-12
Target Fullstack Academy, Inc.
Sector Education
Buyer(s) Zovio, Inc.
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Fullstack Academy, Inc.

New York, New York, United States
website
Fullstack Academy, Inc. is a provider of software engineering immersive, and summer of code, an immersive program for college students. Fullstack Academy was founded in 2012 and is based in New York.

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Buyer(S) 1

Buyer

Zovio, Inc.

Chandler, Arizona, United States

website


Category Company
Founded 1999
SectorEducation
Employees1,505
Revenue 397M USD (2020)
DESCRIPTION

Zovio is a of postsecondary education services and delivers programs primarily online, as well as at traditional campuses. Zovio was formed in 1999 and is based in Chandler, Arizona.


DEAL STATS #
Overall 1 of 2
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 TutorMe.com, Inc.

Los Angeles, California, United States

TutorMe is an online tutoring company offering a complete strategic partnership, qualified to provide premium online tutoring to academic institutions of all types and successfully improve student retention. TutorMe was founded in 2015 and is based in Los Angeles, California.

Buy -