By StartupChi Team | November 4, 2024

Introduction

CompTIA, the Computing Technology Industry Association, has announced a significant private equity funding round as it gears up to amplify its influence in the fast-evolving landscape of information technology education. This latest funding will further enhance the organization’s mission to advance the growth of the IT industry, focusing primarily on expanding its educational programs and services.

Background

Founded in 1982, CompTIA has continuously been at the forefront of the IT industry, providing educational resources, certifications, and advocacy for technology professionals. Amidst the increasing demand for a skilled workforce in the IT sector, CompTIA effectively addresses challenges such as skills gaps and workforce shortages. The organization plays a pivotal role in shaping industry standards through its various programs, which have transformed thousands of careers globally.

Funding Details

On November 4, 2024, CompTIA successfully secured a total of $70,000 in a private equity funding round, marking its second round of financing. Although pre-money valuation details were not disclosed, the lead investor, Thoma Bravo, a notable private equity firm, reinforces the confidence in CompTIA’s future growth and the potential for substantial impact in the IT education sector. This infusion of capital follows earlier funding efforts that have supported its rich array of educational programs.

Competitive Landscape

In a competitive arena where organizations like ISC² and Microsoft Learning are also vying for dominance in IT education, CompTIA stands out due to its diverse certification offerings and commitment to professional development. With over $100 million in annual revenue, CompTIA thrives on a robust membership and deep-rooted partnerships within the industry, which positions it favorably against its counterparts.

Future Plans

The funding will be crucial in enabling CompTIA to expand its educational offerings, enhance online platforms, and provide additional resources that prepare tech professionals for the evolving demands of the industry. Moreover, CompTIA aims to utilize these resources to expand geographically, ensuring that its services can be accessed by a broader audience in an increasingly digital world.

As CompTIA continues to drive growth in the information technology sector, the combined expertise and endorsement from Thoma Bravo provide a solid foundation for innovation and expansion.

To learn more about CompTIA’s initiatives and future endeavors, visit their official website at www.comptia.org.

Private Equity Round – CompTIA:

• Organization Name: CompTIA
• Organization Description: Computing Technology Industry Association focuses on advancing the growth of the information technology industry.
• Website: www.comptia.org
• Funding Type: Private Equity
• Funding Round: Private Equity Round – CompTIA
• Money Raised: —
• Announced Date: Nov 4, 2024
• Funding Stage: Private Equity
• Pre-Money Valuation: —
• Equity-Only Funding: Yes
• Industries: Education, Information Services, Information Technology, Non Profit
• Revenue: $100M to $500M
• Total Funding: $70,000
• Funding Status: M&A
• Number of Funding Rounds: 2
• Lead Investor: —
• Investors: , , ,
• Number of Investors: 1
• Number of Partner Investors: 1