Merger Creates Central Europe’s Largest Technology Training and Supply Hub, Providing US and European Businesses with a New Talent Pool of IT Professionals as Skills Shortages Continue
15-20,000 students are expected to train each year on B2B and B2C courses, including software development, testing and cybersecurity
cool code and Software Development Academy (SDA), two leading Central European EduTech companies, today announced a merger to create one of Europe’s largest digital skills and procurement powerhouses.
The merged company is present in eight countries (Poland, Hungary, Romania, Austria, Slovakia, Czech Republic, Estonia and Albania) and will train 15,000 to 20,000 people annually and work with nearly 400 global and local brands from the Central Europe region, with key partners such as Accenture, Microsoft, Motorola, Morgan Stanley, Ericsson and Vodafone.
With more than 300 employees, 17 digital career paths and a network of 1,600 mentors, the combined company offers training, upskilling and career transitions to individuals, businesses and governments. For the public sector, Codecool and SDA have undertaken two successful retraining programs: 10,000 ICT specialists in Albania and 600 engineers in Hungary. The merged company will also continue to encourage and support women in ICT through various programs.
Michał Mysiak, CEO of SDA, who will lead the merged company as stated by the CEO:
“There is a global battle for digital talent, especially coders and programmers, so our primary focus remains on delivering high-quality digital skills to employees and employers – but on a much larger scale. We believe that the combination of Codecool and SDA – with distinct regional and category strengths – will raise the skill level of Central Europeans with a thirst for learning and will be key to the digital transformation of Europe and beyond.
József Boda, CEO of Codecool said:
“This is an exciting new chapter for both companies where we create a true powerhouse for digitalization. Through our consolidated digital skills programs, we continue to meet the needs of individuals, businesses and governments. Graduates of our courses are in high demand, especially as organizations in Western Europe and the United States seek to outsource or source additional talent while reducing costs.
Acquiring digital skills is a global requirement and the merged company can help EU and UK upskill workers or fill recruitment gaps, especially as it has an annual growth rate of 50% of student enrolments. Additionally, more businesses will need digital retraining programs, adding new, scalable knowledge to their existing workforce. Today, the newly merged entity is able to support both upskilling and large-scale retraining.
The EU is currently struggling with a shortage of around 1.8 million ICT experts, with both missing skills and under-qualification. While the pandemic has led to an increased demand for cybersecurity skills, there is still a cybersecurity workforce gap of over 2.72 million positions globally. In the UK, job opportunities in technology have reached their highest level in a decade, with the demand for skilled workers outstripping the level of available digital skills.
In addition, an important target of the European Commission’s Digital Decade program is to employ 20 million ICT specialists by 2030, with an equal proportion of men and women. To achieve this goal, €161 billion will be allocated to innovation and digitization of EU markets in line with the European recovery plan. For example, Germany will spend 13.3 billion euros on digital transformation, for France it will be almost 8 billion euros and 48 billion euros for Italy. There will be significant resources for the countries of central Europe: for example in Poland, 21.3% of the total 35.4 billion euros of the recovery fund, so more than 7 billion euros will be spent on the digital transformation alone, in Romania it is about 6 billion euros while Austria will spend about 1.8 billion euros.
This European vision can only be achieved with strong industry upskillers, such as the merged company Codecool and SDA, which focuses on the continent’s largest digital talent pool – the Central European region. In these countries, people’s interest in sustainable and well-paid digital jobs is the highest in the EU.
Michał Mysiak added: “To encourage even more investors in the region, there is a need to provide highly qualified ICT professionals in an accelerated mode and the merged company is a response to this need as well as a unique chance for the region. to become an emerging ICT service center on a global scale.
Both companies will continue to use their strong consumer brands in their local markets like Codecool and SDA in the near future and will offer new digital skills trainings reflecting the rapidly changing technological environment. Alongside the current eight countries, the combined company will continue to expand into new geographies, further strengthening its leadership position in the digital skills training industry.
Codecool is a seven-year-old private company based in Budapest, present in four countries (HU-PL-RO-AT), with nearly 150 employees, already counting more than 2,000 graduates and more than 300 partner companies.
Software Development Academy (SDA) is a seven-year-old private company based in Gdynia (Poland) and present in six countries (PL-RO-EE-CZ-SK-AL), nearly 150 employees, counting more than 15,000 already graduated and more than 100 partner companies.
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