I got to know Tech Elevator in my previous role as the Head of Talent Acquisition and Talent Development at the Pittsburgh Technology Council. Acquisition search results. General comments: tmc@tmcnet.com. Stride is a premier provider of K-12 education for students, schools, and districts, including career learning services through middle and high school curriculum. Tech Elevator boasts industry-leading job placement rate of 92%, as grads go on to Accenture, JP Morgan Chase, PNC, and more. The company has transformed the teaching and learning experience for millions of people by providing innovative, high-quality, tech-enabled education solutions, curriculum, and programs directly to students, schools, the military, and enterprises in primary, secondary, and post-secondary settings. View source version on businesswire.com: Alongside Stride's subsidiary Galvanize, Tech Elevator will help more individuals gain access to careers in technology by expanding on the company's student demographic profile, geographic footprint, and hiring partner portfolio. At Tech Elevator's campuses across the U.S. -- in cities including Cleveland, Philadelphia, and Columbus -- students gain mastery in Java and C# coding languages, complementing Galvanize's existing curriculum. Tech Elevator is a provider of technology training and employee reskilling. Jasmine has 4 jobs listed on their profile. The acquisition is expected to … - US Otis Full Year and Q4 2020 Earnings Advisory | Monday, February 1st, 2021, at 10:00 a.m. EST | View more details -> https://www.businesswire.com/news/home/20201117006250/en/, [ Back To www.mobilitytechzone.com\LTE's Homepage ], 2 Trap Falls Road Suite 106, Shelton, CT 06484 USA, Ph: 800-243-6002, 203-852-6800; Fx: 203-853-2845. Ed Tech Industry News. Special Note on Forward-Looking Statements. “Tech Elevator creates a unique virtual environment that provides us the opportunity to collaborate online with other students and allows for live instruction that extends outside the classroom in 1-on-1 settings. With Tech Elevator's average graduation rate of 95% and a 92% job placement rate, Tech Elevator has a proven track record of succeeding in placing talent in Fortune 500 companies nationwide, including Accenture (News - Alert), PNC Bank, and Progressive insurance. The U.S. Bureau of Labor and Statistics projects employment of software developers to grow 22 percent by 2029 across diverse industries. Mike Lawson Investors and analysts can use this link to register for K12’s Investor Day. All information in this presentation is as of today’s date, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations, Non-GAAP Financial Measure Reconciliation. Acquiring Organization: Stride Stride is an education company that sells online schooling and curriculum to state and local governments. Senior Vice President, Corporate Communications The acquisition, which was approved by the boards of directors of Stride and Tech Elevator, is expected to close by the end of second quarter fiscal year 2021, subject to customary closing conditions. Stride's acquisition of Tech Elevator comes at a time when the demand for IT talent is particularly strong. More information can be found at stridelearning.com, K12.com, destinationsacademy.com, galvanize.com, techelevator.com, and medcerts.com. Otis Elevator Company - When you rise, we shine. Tech Elevator is a software coding bootcamp offered in Cleveland, Ohio, that provides groups of 10 to 20 students in-person instruction for 14 weeks. This is a listing of Oracle Corporation's corporate acquisitions, including acquisitions of both companies and individual products.. Oracle's version does not include value of the acquisition.. See also Category:Sun Microsystems acquisitions (Sun was acquired by Oracle). "By providing training and talent to individuals and enterprises across diverse industries and in new markets, we will open a world of possibility to professionals of all skill levels, from entry-level coders to senior developers.". Technology Marketing Corp. © 2021 Copyright. “Stride and Tech Elevator share a core belief in the ability of education to transform lives,” said Anthony Hughes, Tech Elevator’s Co-Founder and CEO. Tech Elevator boasts industry-leading job placement rate of 92%, as grads go on to Accenture, JP Morgan Chase, PNC, and more. Stride expects to acquire Tech Elevator for $23.5 million in an all-cash transaction. It has campuses in several US cities as well as remote learning and cites a 92% job placement rate for its grads. These risks, uncertainties, factors and contingencies include, but are not limited to: inability to consummate the acquisition of MedCerts and Tech Elevator, and to integrate the acquired businesses; potential departure of management and key employees given the uncertainties associated with the acquisitions; inability to realize the expected benefits of the acquisitions; reduction of per pupil funding amounts at the schools we serve; inability to achieve a sufficient level of new enrollments to sustain our business model; failure to replace students who have graduated from the terminal grade in a school or have left our programs for other reasons with new students of a sufficient number; inability to maintain our current rate of retention of students enrolled in our courses; an increase in the amount of failures to enter into new school contracts or renew existing contracts, in part or in their entirety; the failure of perceived industry trends and projections resulting from the expected effects of COVID-19 on virtual education; failure of the schools we serve or us to comply with federal, state and local regulations, resulting in a loss of funding, an obligation to repay funds previously received or contractual remedies; governmental investigations that could result in fines, penalties, settlements, or injunctive relief; declines or variations in academic performance outcomes of the students and schools we serve as curriculum standards, testing programs and state accountability metrics evolve; harm to our reputation resulting from poor performance or misconduct by operators or us in any school in our industry and/or in any school in which we operate; legal and regulatory challenges from opponents of virtual public education or for-profit education companies; changes in national and local economic and business conditions and other factors such as natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19; discrepancies in interpretation of legislation by regulatory agencies that may lead to payment or funding disputes; termination of our contracts, or a reduction in the scope of services with schools; failure to develop the career learning education business; entry of new competitors with superior technologies and lower prices; unsuccessful integration of mergers, acquisitions and joint ventures, failure to further develop, maintain and enhance our technology, products, services and brands; inadequate recruiting, training and retention of effective teachers and employees; infringement of our intellectual property; disruptions to our Internet-based learning and delivery systems, including but not limited to our data storage systems, resulting from cybersecurity attacks; misuse or unauthorized disclosure of student and personal data; and other risks and uncertainties associated with our business described in the Company’s filings with the Securities and Exchange Commission. These risks, uncertainties, factors and contingencies include, but are not limited to: inability to consummate the acquisition of MedCerts and Tech Elevator, and to integrate the acquired businesses; potential departure of management and key employees given the uncertainties associated with the acquisitions; inability to realize the expected benefits of the acquisitions; reduction of per pupil funding amounts at the schools we serve; inability to achieve a sufficient level of new enrollments to sustain our business model; failure to replace students who have graduated from the terminal grade in a school or have left our programs for other reasons with new students of a sufficient number; inability to maintain our current rate of retention of students enrolled in our courses; an increase in the amount of failures to enter into new school contracts or renew existing contracts, in part or in their entirety; the failure of perceived industry trends and projections resulting from the expected effects of COVID-19 on virtual education; failure of the schools we serve or us to comply with federal, state and local regulations, resulting in a loss of funding, an obligation to repay funds previously received or contractual remedies; governmental investigations that could result in fines, penalties, settlements, or injunctive relief; declines or variations in academic performance outcomes of the students and schools we serve as curriculum standards, testing programs and state accountability metrics evolve; harm to our reputation resulting from poor performance or misconduct by operators or us in any school in our industry and/or in any school in which we operate; legal and regulatory challenges from opponents of virtual public education or for-profit education companies; changes in national and local economic and business conditions and other factors such as natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19; discrepancies in interpretation of legislation by regulatory agencies that may lead to payment or funding disputes; termination of our contracts, or a reduction in the scope of services with schools; failure to develop the career learning education business; entry of new competitors with superior technologies and lower prices; unsuccessful integration of mergers, acquisitions and joint ventures, failure to further develop, maintain and enhance our technology, products, services and brands; inadequate recruiting, training and retention of effective teachers and employees; infringement of our intellectual property; disruptions to our Internet-based learning and delivery systems, including but not limited to our data storage systems, resulting from cybersecurity attacks; misuse or unauthorized disclosure of student and personal data; and other risks and uncertainties associated with our business described in the Company's filings with the Securities and Exchange Commission. In addition to providing an outlook for revenue and capital expenditures, adjusted operating income is provided as a supplemental non-GAAP financial measure as management believes that it provides useful information to our investors. Tech Elevator boasts industry-leading job placement rate of 92%, as grads go on to Accenture, JP Morgan Chase, PNC, and more. For reference, Tech Elevator’s revenue for the last twelve months ending September 30, 2020 was approximately $11 million, an increase of 47% year-over-year. Cincinnati health tech … Stride expects to acquire Tech Elevator for $23.5 million in an all-cash transaction. Adjusted EBITDA for that same period was approximately $2 million, an increase of 112% year-over-year. Today’s announcement coincides with the company’s acquisition of MedCerts, a leader in healthcare industry workforce development and education. Mike Kraft mkraft@k12.com Special Note on Forward-Looking Statements. WINNIPEG, MB , July 7, 2020 /CNW/ -- thyssenkrupp Elevator Canada has acquired Winnipeg Elevator Group (WEG), a leading service provider in the Winnipeg area for more than 50 years. Tech Elevator is an intensive education provider helping individuals and companies acquire in-demand technology skills for the modern workforce. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The acquisition, which was approved by the boards of directors of Stride and Tech Elevator, is expected to close by the end of second quarter fiscal year 2021, subject to customary closing conditions. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. Adjusted EBITDA for that same period was approximately $2 million, an increase of 112% year-over-year. Alongside Stride’s subsidiary Galvanize, Tech Elevator will help more individuals gain access to careers in technology by expanding on the company’s student demographic profile, geographic footprint, and hiring partner portfolio. With Tech Elevator’s average graduation rate of 95% and a 92% job placement rate, Tech Elevator has a proven track record of succeeding in placing talent in Fortune 500 companies nationwide, including Accenture, PNC Bank, and Progressive insurance. For Stride: These reconciliations are the same for both the previous and updated outlook. K12 Inc. (NYSE: LRN), which will become Stride Inc. effective in December, is paying $23.5 million for Tech Elevator, whose core business is a 14-week intensive-training boot camp that turns students into software developers. Please also see Special Note on Forward Looking Statements below. Acquired Organization: Tech Elevator 14-week coding school and hiring network. Despite the recession, the employment outlook for software engineers remains strong, likely due to the growth in mobile technology and cyber security. After graduating from Penn State with a Marketing degree, she started her career at Enterprise Holdings where she moved up the ladder quickly to a Recruiting role and spent the majority of her career in Talent Acquisition where she led a team of hiring managers, and managed full cycle recruiting process. Chief Executive Officer and Chairman Nate Davis and other members of Stride’s executive management team will provide an in-depth review of the company’s long-term vision and growth strategies, capital allocation framework, and operational and financial objectives. Resources. Presentations, including a question and answer session, will begin promptly at 10:30 am ET and conclude by approximately 2:30 pm ET. Acquirer Name . Based on these estimates, updated guidance for fiscal 2021, including both the Tech Elevator and MedCerts contribution, and assuming a late fiscal second quarter close of both transactions is as follows: Stride executives will host a Virtual Investor Day, November 18, 2020. Expands Ability to Meet Demands of IT Skills Gap with Acquisition of Tech Elevator K12 Inc. (NYSE: LRN) “ to be Stride, Inc. effective December 16, 2020 “ today announced that it has entered into a definitive agreement to acquire Tech Elevator , a proven innovator in supporting individuals and companies seeking to develop in-demand coding skills and talent. Tech Elevator is an intensive in-person education provider helping individuals and companies acquire in-demand technology skills for the modern workforce. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When it comes to 2020, if January i Tech Elevator is an intensive education provider helping individuals and companies acquire in-demand technology skills for the modern workforce. Despite the recession, the employment outlook for software engineers remains strong, likely due to the growth in mobile technology and cyber security. Through its 14-week, full-time, in-person and national live remote immersive online coding bootcamps, we teach students from a wide variety of backgrounds to become software developers while helping them build necessary career-readiness skills and career connections through its Pathway Program™ to land a meaningful job in tech. The programs are offered in the spring, summer, and fall. Allison is excited to join Tech Elevator as the Pathway Program Director in Philly! Last year marked a slight decrease in the global tech mergers and acquisitions (M&A) activity as compared to the previous year, 2018. In addition to providing an outlook for revenue and capital expenditures, adjusted operating income is provided as a supplemental non-GAAP financial measure as management believes that it provides useful information to our investors. K12 Becoming Stride, Diversifies with Second Bootcamp Purchase. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . 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