John Wiley & Sons Buys mthree, for Approx. $129M
Summary
In 2020, there will be over 1.8 million unfilled computer-related job opportunities in the US and EMEA, yet only 100,000 computer science grads, according to industry statistics. With Gartner reporting a global IT spend of $3.7 trillion, technology is among the most in-demand disciplines for students, professionals, universities and corporations. Led by Alex Headley, Chief Executive Officer and Founder, mthree is an education services provider that addresses the IT skills gap by finding, training and placing job-ready technology talent in roles with leading corporations worldwide. mthree also works with its clients to retrain and retain existing employees so they can continue to meet the changing demands of today’s technology landscape. The company’s revenue for calendar year 2019 is expected to be over $50 million, with a projected annual growth rate of over 20%.