Codecool to Merge With Polish Peer
Photo by Neomaster / Shutterstock.com
Hungarian coding school Codecool said on Tuesday that it is merging its business with its Polish peer Software Development Academy (SDA), according to a report by state news wire MTI.
The digital skills training company created after the merger will operate in Hungary, Poland, Romania, Austria, Slovakia, Czechia, Estonia, and Albania serving nearly 400 companies and handling 15,000-20,000 private clients.
The combined company will have 300 employees, 1,600 mentors and will offer 17 digital retraining courses.
Codecool and SDA will retain their own brands on their respective domestic markets.
During the last business year Codecool's Hungarian unit had a HUF 2.4 billion revenue and the group consolidated revenue was EUR 7.8 million. SDA had a consolidated revenue of EUR 6.7 mln in 2021.
Codecool expects its revenue to rise to EUR 10 mln this year and SDA expects to have a similar amount.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.