Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . Talent Acquisition Manager, Data Governance, Project Management, Business/Data Analyst Denver, CO. Nathan Rudd. These statements reflect our current beliefs and are based upon information currently available to us. “Tech Elevator creates a unique virtual environment that provides us the opportunity to collaborate online with other students and allows for live instruction that extends outside the classroom in 1-on-1 settings. Below we look at three noteworthy trends and how they are changing the industry.Trend #1: More Elevators, Fewer ShaftsThe TWIN elevator system, more common in Europe, is now a growing trend in the US. Where Galvanize bootcamps enroll advanced beginners in software engineering and data science bootcamps, Tech Elevator expands Stride’s total addressable market by admitting students across the country with no coding experience. The company is a proud sponsor of the Future of School, a nonprofit organization dedicated to closing the gap between the pace of technology and the pace of change in education. Senior Vice President, Corporate Communications Media Contact The acquisition, which was approved by the boards of directors of Stride and Tech Elevator, is expected to close by the end of second quarter fiscal year 2021, subject to customary closing conditions. Acquisition search results. Acquired Organization: Tech Elevator 14-week coding school and hiring network. The elevator industry is in the midst of several game-changing advancements that could revolutionize the way elevators operate in your buildings. Ed Tech Industry News. Stride expects, assuming a December 2020 close of both the Tech Elevator and MedCerts acquisitions, the impact to fiscal 2021 revenue and adjusted operating income will be as follows: The company expects these acquisitions to be accretive to adjusted operating income in fiscal 2022. We have tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “continues,” “likely,” “may,” “opportunity,” “potential,” “projects,” “will,” “expects,” “plans,” “intends” and similar expressions to identify forward looking statements, whether in the negative or the affirmative. - US Otis Full Year and Q4 2020 Earnings Advisory | Monday, February 1st, 2021, at 10:00 a.m. EST | View more details -> All information in this presentation is as of today’s date, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations, Non-GAAP Financial Measure Reconciliation. Vice President, Investor Relations HERNDON, Va.--(BUSINESS WIRE)--K12 Inc. (NYSE: LRN) – to be Stride, Inc. effective December 16, 2020 – today announced that it has entered into a definitive agreement to acquire Tech Elevator, a proven innovator in supporting individuals and companies seeking to develop in-demand coding skills and talent. Resources. Today’s announcement coincides with the company’s acquisition of MedCerts, a leader in healthcare industry workforce development and education. For reference, Tech Elevator’s revenue for the last twelve View Jasmine Joseph’s profile on LinkedIn, the world’s largest professional community. These statements reflect our current beliefs and are based upon information currently available to us. Tech Elevator boasts industry-leading job placement rate of 92%, as grads go on to Accenture, JP Morgan Chase, PNC, and more. mkraft@k12.com Save Search . Stride expects to acquire Tech Elevator for $23.5 million in an all-cash transaction. I spent almost 15 years at the Technology Council working with the Pittsburgh technology community and helping companies large and small with their workforce and talents needs. Tech Elevator boasts a job placement rate of 94%. WINNIPEG, MB , July 7, 2020 /CNW/ -- thyssenkrupp Elevator Canada has acquired Winnipeg Elevator Group (WEG), a leading service provider in the Winnipeg area for more than 50 years. Chief Executive Officer and Chairman Nate Davis and other members of Stride’s executive management team will provide an in-depth review of the company’s long-term vision and growth strategies, capital allocation framework, and operational and financial objectives. But the company says it has been planning a foray into Europe as the region accounts for over 30% of the global market. Alongside Stride’s subsidiary Galvanize, Tech Elevator will help more individuals gain access to careers in technology by expanding on the company’s student demographic profile, geographic footprint, and hiring partner portfolio. These risks, uncertainties, factors and contingencies include, but are not limited to: inability to consummate the acquisition of MedCerts and Tech Elevator, and to integrate the acquired businesses; potential departure of management and key employees given the uncertainties associated with the acquisitions; inability to realize the expected benefits of the acquisitions; reduction of per pupil funding amounts at the schools we serve; inability to achieve a sufficient level of new enrollments to sustain our business model; failure to replace students who have graduated from the terminal grade in a school or have left our programs for other reasons with new students of a sufficient number; inability to maintain our current rate of retention of students enrolled in our courses; an increase in the amount of failures to enter into new school contracts or renew existing contracts, in part or in their entirety; the failure of perceived industry trends and projections resulting from the expected effects of COVID-19 on virtual education; failure of the schools we serve or us to comply with federal, state and local regulations, resulting in a loss of funding, an obligation to repay funds previously received or contractual remedies; governmental investigations that could result in fines, penalties, settlements, or injunctive relief; declines or variations in academic performance outcomes of the students and schools we serve as curriculum standards, testing programs and state accountability metrics evolve; harm to our reputation resulting from poor performance or misconduct by operators or us in any school in our industry and/or in any school in which we operate; legal and regulatory challenges from opponents of virtual public education or for-profit education companies; changes in national and local economic and business conditions and other factors such as natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19; discrepancies in interpretation of legislation by regulatory agencies that may lead to payment or funding disputes; termination of our contracts, or a reduction in the scope of services with schools; failure to develop the career learning education business; entry of new competitors with superior technologies and lower prices; unsuccessful integration of mergers, acquisitions and joint ventures, failure to further develop, maintain and enhance our technology, products, services and brands; inadequate recruiting, training and retention of effective teachers and employees; infringement of our intellectual property; disruptions to our Internet-based learning and delivery systems, including but not limited to our data storage systems, resulting from cybersecurity attacks; misuse or unauthorized disclosure of student and personal data; and other risks and uncertainties associated with our business described in the Company’s filings with the Securities and Exchange Commission. Stride expects, assuming a December 2020 close of both the Tech Elevator and MedCerts acquisitions, the impact to fiscal 2021 revenue and adjusted operating income will be as follows: The company expects these acquisitions to be accretive to adjusted operating income in fiscal 2022. Tech Elevator provides the highest quality Learn To Code and Career Prep experience delivered in both in-person and virtual classroom models. Stride expects to acquire Tech Elevator for $23.5 million in an all-cash transaction. Stay charged with the most interesting and most important news covering’ 4G, LTE, WiFi and more. Otis Elevator Company - When you rise, we shine. The acquisition, which was approved by the boards of directors of Stride and Tech Elevator, is expected to close by the end of second quarter fiscal year 2021, subject to customary closing conditions. Allison is excited to join Tech Elevator as the Pathway Program Director in Philly! More information can be found at stridelearning.com, K12.com, destinationsacademy.com, galvanize.com, techelevator.com, and medcerts.com. All information in this presentation is as of today's date, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations, Non-GAAP Financial Measure Reconciliation. For Stride: These reconciliations are the same for both the previous and updated outlook. With Tech Elevator’s average graduation rate of 95% and a 92% job placement rate, Tech Elevator has a proven track record of succeeding in placing talent in Fortune 500 companies nationwide, including Accenture, PNC Bank, and Progressive insurance. Stride, Inc. “Bringing the Tech Elevator team, their passion, and expertise into the Stride ecosystem will strengthen our ability to address the nation’s technology skills gap,” said Nate Davis, Stride’s CEO and Chairman of the Board of Directors. 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