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Capella Buys Coding Academy for $18 Million

April 26, 2016

Capella Education Co. last week announced the purchase of Hackbright Academy, a nondegree coding boot camp for women, for $18 million. Capella, a publicly traded for-profit chain, said in a written statement that the San Francisco-based Hackbright’s "mission to increase female representation in the tech workforce through education, mentorship and community is a strategic fit with Capella’s focus on providing the most direct path between learning and employment, and Capella’s historic base of largely female students."

The purchase is the fourth major investment by a for-profit in a boot camp, which tend to offer postcollege training in immersive, 12-week sessions that cost around $12,000. Kaplan Inc. two years ago bought Dev Bootcamp. Apollo Education Group made a "significant" investment in the Iron Yard last year. And Strayer Education Inc. bought the New York Code and Design Academy this year.

BMO Capital Markets, which analyzes the for-profit sector, said boot camps could help for-profit chains lessen their reliance on federal financial aid while also reaccelerating the companies' growth.

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Paul Fain

Paul Fain, Contributing Editor, came to Inside Higher Ed in September 2011, after a six-year stint covering leadership and finance for The Chronicle of Higher Education. Paul has also worked in higher ed P.R., with Widmeyer Communications, but couldn't stay away from reporting. A former staff writer for C-VILLE Weekly, a newspaper in Charlottesville, Va., Paul has written for The New York Times, Washington City Paper and Mother Jones. He's won a few journalism awards, including one for beat reporting from the Education Writers Association and the Dick Schaap Excellence in Sports Journalism Award. Paul got hooked on journalism while working too many hours at The Review, the student newspaper at the University of Delaware, where he earned a degree in political science in 1996. A native of Dayton, Ohio, and a long-suffering fan of the Cincinnati Bengals, Fain plays guitar in a band with more possible names than polished songs.

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