M&A Deal Summary

Zovio Acquires Fullstack Academy

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

Acquisition Highlights
  • This is Zovio’s 1st transaction in the Education sector.
  • This is Zovio’s largest (disclosed) transaction.
  • This is Zovio’s 1st transaction in the United States.
  • This is Zovio’s 1st transaction in New York.
Investment Fate
  • Fullstack Academy was divested to a consortium of strategic buyers in 2022.

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

Target

Fullstack Academy

New York, New York, United States
website
Fullstack Academy is a premium bootcamp provider that has expanded its offerings, introducing new bootcamp programs in Web Development, Cybersecurity, Product Management, DevOps, Data Analytics, and other disciplines. Fullstack Academy was founded in 2012 and is based in New York.

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Buyer(S) 1

Buyer

Zovio

Chandler, Arizona, United States

website

Category Company
Founded 1999
Sector Education
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

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.

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