Investcorp, a global provider and manager of alternative investment products, announced its acquisition of a controlling stake in Revature, a US-based leading technology talent development company. The terms of the transaction were not disclosed.
Revature, one of the largest employers of university graduates in the US, offers no-cost coding immersion programmes that are the first in the industry to address the growing technology skills gap. Revature’s unique model provides turn-key talent acquisition services for its Fortune 500 and consulting clients. For customers, Revature recruits, develops and deploys enterprise-ready technology talent that enables these corporates to succeed. For university graduates, Revature provides coding immersion programmes that offer pathways to building careers as technology professionals.
Software engineers trained by Revature go on to work at leading companies across the globe. The company is based in Reston, Virginia, but serves clients and candidates across the country. Revature has also built academic partnerships with top universities including Arizona State University, the City University of New York, the University of South Florida, the University of Texas at Arlington, George Mason University, and West Virginia University.
“Investcorp has so far been very successful in the investments made in the education and IT staffing sectors. Through our prior investments in US companies we have built a strong knowledge base and solid understanding on the demand drivers and this is why we see great potential with a company like Revature,” said Hazem Ben-Gacem, Co-CEO of Investcorp.
“Revature has achieved tremendous progress over the last several years and we look forward to support its healthy growth trajectory.”
Investcorp has a strong history of investing in the education and information technology staffing industries, through past investments such as Nobel Learning Communities and PRO Unlimited. Investcorp’s past and present portfolio includes more than 150 investments totaling over $36 billion in transaction value.