Kaplan, creator of the test prep industry and its leading player, has acquired Dev Bootcamp, originator of the software coding bootcamp model and its leading player. With this acquisition, Kaplan becomes not only the largest provider of test prep worldwide but also one of the largest players in the emerging market of coding bootcamps. The purchase price was not disclosed.
Founded in February 2012, Dev Bootcamp pioneered the model of immersive coding “bootcamps” that has since proliferated into a robust industry. Designed to give individuals the coding skills needed to secure entry-level positions in a dynamic software development job market, the 9-week Dev Bootcamp program has graduated more than 600 students since 2012 while maintaining an 85% employment rate measured four months after graduation.
“Dev Bootcamp has been tremendously innovative in originating a new industry that addresses a market need, while also scaling an inspiring culture of teaching and learning across multiple locations,” said Bernardo Rodriguez, head of Kaplan’s new economy skills training (NEST) initiative. “Coming from another immersion learning industry where we’ve seen many operations come and go, we know firsthand the enormous challenge of maintaining high quality programs, with consistently strong results, while expanding reach to a growing number of students and markets. Dev Bootcamp and Kaplan have a shared mission of helping students and individuals succeed, and we believe that by combining our experience and expertise, we can help establish an industry standard in an evolving market.”
“Kaplan has a 76-year track record of delivering outcomes-based learning programs that change people’s lives,” said Jonathan Stowe, Partner and President, Dev Bootcamp. “Being a part of the Kaplan family will further our mission to provide a world class, immersive education that enables our graduates to have meaningful livelihoods as software developers. We are excited to break new ground in the immersive education space by combining Dev Bootcamp’s curriculum and staff with Kaplan’s team of education experts.”