Shared Vision, Key to Investcorp Acquisition of Revature
Investcorp acquires controlling stake in Revature
RESTON, Va., Feb. 14, 2019 /PRNewswire-PRWeb/ -- Revature, a leading technology talent development company, announced that Investcorp, a leading global provider and manager of alternative investment products, has acquired a controlling interest in the company. The terms of the transaction were not disclosed.
Revature's recent growth has been significant and the Investcorp acquisition positions the company for major expansion over the next few years. The two companies have a shared vision of how a disruptive talent development model can have a major impact on technology teams around the globe.
"We are fortunate that client demand for custom trained software engineers has exceeded our capacity in recent months," said co-founders Srikanth Ramachandran and Ashwin Bharath. "We expect the synergies with Investcorp to allow us to significantly scale our operations across the U.S. and globally." Revature CEO Ashwin Bharath will stay on to continue to help oversee the growth and direction of the company as part of the transaction.
Revature is a global company with locations in five states across the U.S. and is in the process of expanding to the West Coast. Justin Vianello, President and Joe Mitchell, COO added that, "Our strategic partnerships with top Universities have been invaluable in supporting our expansion. Revature has become one of the largest employers of recent technology graduates in the country and expect to be the largest this year." Revature's network of University Partners have created an exclusive pool of talent in a highly competitive recruiting environment. Programs such as Revature's "SPARK" have also created pathways for non-tech graduates by providing industry leading coding training to individuals regardless of their college major.
About Revature
Revature is a technology talent development company providing a turn-key talent acquisition solution for corporate and government partners and no-cost coding immersion programs for university graduates. Revature recruits, develops and deploys enterprise-ready technology talent, enabling its corporate partners to succeed and grow. Through in-person, online and on-campus coding immersion programs, Revature creates a pathway for university graduates with diverse backgrounds to build the knowledge, skills and abilities to reach their potential as technology professionals. With its unique talent development strategy, Revature successfully serves a wide range of Fortune 500 enterprises, government organizations and top systems integrators. Learn more at https://revature.com.
About Investcorp
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at December 31, 2018, the Investcorp Group had US$22.5 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 185 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please refer to:
http://www.investcorp.com
http://www.twitter.com/Investcorp @investcorp
http://www.linkedin.com/company/Investcorp
SOURCE Revature
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