Friday, May 27, 2016

With recent deals, Capella moves into job-skills training, particularly software coding - Evan Ramstad, STAR TRIBUNE

Last month, Capella spent $18 million to buy Hackbright, one of three deals this year that have pushed the Minneapolis-based for-profit education firm into a new business. Capella in the early 1990s was one of the first companies to offer accredited college degrees via online courses and has grown into one of the biggest, with about 38,000 active students and $430 million in annual revenue. Now, it is teaching job-ready skills that will get people into today’s most in-demand professions. “Employers can’t find the right skilled workers and academia isn’t keeping up,” said Kevin Gilligan, Capella’s chief executive. “We recognize a big opportunity to be an institution that can upskill and reskill 21st century workers.” In addition to Hackbright, Capella bought DevMountain, a Provo, Utah, firm that teaches even more specific tech skills, such as creating apps, in classrooms in the Salt Lake and Dallas metro areas.

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