Galvanize has been bought by K12, a publicly traded learning company based in Herndon, Va., for $165 million in cash.

The deal, which closed on Monday, includes Galvanize’s campus in downtown Austin in the Northshore building at Second and Nueces and seven other campuses across the country.

In the deal, K12 gets Denver-based Galvanize’s management, brand recognition, network of alumni, Galvanize campuses and programs in data science and software development, said Nate Davis, Chief Executive Officer and Chairman of K12’s Board of Directors, during the company’s earnings call Monday afternoon.

K12 expects Galvanize to contribute $50 million in revenue this year, Davis said. K12 had more than $1 billion in revenue in 2019.

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