MidOcean Partners Acquires Pragmatic Institute, an Industry Leading Provider of Professional Training in Fast Growing Product Management, Data and Digital Design Fields
Summary
Product management is one of the fastest growing roles in the global economy, with double digit demand growth and resulting talent supply challenges projected in the decade ahead. Based in Scottsdale, AZ, the Company rapidly responded to client needs during the COVID-19 pandemic to launch fully virtual and asynchronous offerings. Pragmatic has built an impressive platform, and we believe there are numerous growth vectors for the business ahead – client roster expansion and penetration, new course offerings, and further global expansion to name a few.” David Kieselstein, Operating Partner at MidOcean and Chairman of the Pragmatic Board of Directors, added: “ First and foremost, MidOcean looks to invest behind great leaders and teams. Mr. Babbrah, who brings over 25 years of experience leading innovation and growth strategy in the education space, concluded: “ A certificate from Pragmatic carries weight in the professional world for both individual learners and corporations. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors.