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’s unique model provides turn-key talent acquisition services for its Fortune 500 and consulting clients. For customers, Revature recruits, develops and deploys enterprise-ready technology talent that enables these corporates to succeed. For university graduates, Revature provides coding immersion programs that offer pathways to building careers as technology professionals.

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.

“Given our expertise in the education as well as IT staffing sectors through our prior investments in the US, we see an incredible partnership opportunity with Revature,” said Rishi Kapoor, Co-CEO of Investcorp. “This investment also underscores our continued focus on services driven businesses using innovative approaches and business models to better serve core industry verticals across the US.”

“Through Revature’s mission of empowering the next generation of technology professionals, it has completely redefined the way companies find, train and retain technology talent,” said Maud Brown, Managing Director in Private Equity at Investcorp. “With the race for computer science talent continuing to gather pace, we are excited to help Revature accelerate its remarkable growth and further expand its Fortune 500 client base.”

Revature’s CEO Ashwin Bharath will stay on to continue to help oversee the growth and direction of the company as part of the transaction.  “For us, there is nothing more important than our mission of creating pathways for university graduates to reach their full potential as technology professionals,” said Bharath. “With Investcorp, we’re excited and confident that this partnership will enable us to better serve our clients and maximize our growth in the coming years.”

Ryan Craig, Managing Director of University Ventures, which exited its investment, added, “It has been an honor to support the development and rapid growth of Revature’s pioneering Employer-Pay model for Last-Mile Training. By eliminating education friction for candidates and hiring friction for employers, Revature demonstrates the revolutionary potential for frictionless pathways to employment to close America’s skills gap.”

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. More broadly, Investcorp’s past and present portfolio includes more than 150 investments totaling over $36 billion in transaction value.

Jefferies LLC served as exclusive financial advisor to Revature.

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:

www.investcorp.com  
www.twitter.com/Investcorp @investcorp 
www.linkedin.com/company/Investcorp

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.