06 March 2019

Puls Biznesu: SDA’s programming bootcamp is ARIA’s fourth investment

Guided by market trends, the Polish fund decided to count on Software Development Academy. It will help the company to develop training programmes for IT specialists – informed “Puls Biznesu”.

SDA is a leading company on the market of programming bootcamps in Central and Eastern Europe. It conducts programming courses for individuals, companies, and institutions. It is present in Poland, as well as in Romania, Estonia, Lithuania, and Latvia. In 2018, SDA ‘released’ 1,500 programmers onto the market – this is more than some Polish universities. ARIA invested between 1 and 5 million euros in SDA as part of a ticket. The capital will be allocated for:

  • international expansion – strengthening the leading position in Romania (achieved within 12 months of operations), further development of operations in the Baltic markets, as well as entering new markets in Central and Eastern Europe (SDA is already an entity that performs its services the most extensively within this region of Europe),
  • diversification of business by starting to provide the services online.

– This is Aria’s fourth investment. The fund’s portfolio already includes System 3E (an innovative method for building detached and row houses, which, among other solutions, uses jointless wall construction), Survicate (a company developing a tool for collecting information about customers and ideas for improving websites), and Livespace (CRM aiming to increase the productivity of sales teams) – noted “Puls Biznesu”. – We started the company eight years ago, completely from scratch, financing the business by ourselves. Also today, we act in accordance with Western European and American trends and invest – purely at arms’ length – private money in promising technological projects. In Poland, however, the market looks different. Most funds use public grants and invest up to 1 million złoty. We support companies at the stage of rapid growth and offer them more. We fill the so-called equity gap that has arisen on the Polish market – said Dariusz Lewandowski, CEO of ARIA, in the article. The full text of the article can be found at this link.