Tech: New York-based coding boot camp General Assembly is getting acquired for $412.5 million

General Assembly Jake Schwartz

Adecco, a European staffing company, is acquiring the coding school General Assembly for over $400 million.

  • Coding boot camp General Assembly is getting acquired for $412.5 million by workforce staffing agency Adecco, Axios reports.
  • Adecco and GA have been in talks about how they could best work together since last fall.

Coding boot camp General Assembly is getting acquired for $412.5 million by the European human resources and staffing firm Adecco, Axios reported on Monday.

The New York-based coding school, which has 22 campuses in six countries, offers courses on data analytics, UX design, and coding languages to both individuals and company teams. GA largely focuses on recruiting workers and re-training them in coding-specific career paths, often at an expedited pace with the goal of getting them hired by outside companies quickly. While anyone can apply to the program, Axios reports that General Assembly's enterprise-focused offerings are expected to bring in a majority of the company's revenue by the end of 2018.

General Assembly co-founder and CEO Jake Schwartz told Axios that GA and Adecco have been in talks about how the two companies could best work together since fall of 2017. Schwartz said that GA will still continue to run as an independent entity.

As TechCrunch points out, Adecco Group, which works with more than 100,000 businesses, could provide an integral asset to General Assembly's expansion.

General Assembly started out as a New York co-working space in 2011 by Jake Schwartz, Matthew Brimer, Brad Hargreaves, and Adam Pritzker. Since it was founded, the company has raised $120 million, and it estimates that more than 35,000 students have graduated from its program.

Source: Tech

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