Simplilearn takes over US-based Fullstack Academy, targets $200 Million revenue

Edtech company Simplilearn on Monday announced that it has acquired a US-based bootcamp education company, Fullstack Academy, for an all-cash transaction. The company, however, did not disclose the acquisition amount. The acquisition, said the company, will help it drive revenue growth to $200 million by FY24, of which 70 per cent is likely to come from global markets.