Clearsight Advises Revature on its Growth Capital Investment Led by University Ventures
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in the education technology and professional services industry. Clearsight served as the exclusive strategic and financial advisor to Revature on its highly successful growth capital investment led by University Ventures, an investment firm focused exclusively on the global higher education sector.
An IT training and staffing firm focused on high-demand coding and software development professionals, Revature blends accelerated learning with labor market intelligence to provide job seekers with the skills and competencies required to succeed in the workforce. Founded in 2003, Revature delivers coding and software development engineers to the Fortune 500, government organizations, and top systems integrators competing for tech talent. Unique to IT professional services organizations, the company’s model incorporates free pre-hire training for candidates who meet aptitude benchmarks, allowing job seekers with or without any technology or computer science background to develop foundational coding skills and receive mentoring from seasoned professionals in one of the company’s 22 enterprise-driven online training pathways.
“We are delighted to partner with University Ventures, Eden Capital and USA Funds to help our clients close critical skills gaps and help more job seekers reach their potential,” said Srikanth Ramachandran, founder and CEO of Revature. Revature’s approach also requires that all candidates, regardless of their background, attend free intensive 10-week on-ground bootcamps, where they receive custom training on enterprise technologies required by employers, as well as key soft skills. Upon completion, candidates are hired by Revature and staffed at industry-leading clients. Revature currently employs over 500 software engineers, trained on high-demand enterprise technologies that are critical for client success.
“The team at Revature has built a highly unique business focused on bridging the widening gap between young IT talent and potential employers who are demanding relevant and dynamic IT competencies in the face of the rapidly evolving technology landscape,” said Bhavin Patel, Director at Clearsight.