Bahrain-based Investcorp has announced its acquisition of a controlling stake in Revature, a US-based technology talent development company.
The terms of the transaction were not disclosed by Investcorp.
Revature, one of the largest employers of university graduates in the US, offers no-cost coding immersion programs that are the first in the industry to address the growing technology skills gap.
Revature said its unique model provides turn-key talent acquisition services for its Fortune 500 and consulting clients.
It added that 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.
He added: “Revature has achieved tremendous progress over the last several years and we look forward to support its healthy growth trajectory.”
Yusef Al Yusef, Investcorp’s managing director in Kuwait and Abu Dhabi, said: “Part of investing in any company is believing in its mission, and we are firm believers in Revature’s mission of empowering the next generation of technology professionals, which has redefined this business.”
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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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