Indian Land, S.C.-based Red Ventures this week said it’s made a “strategic investment” in Treehouse, an online technology learning platform it uses.
Red Ventures, an Internet marketing firm, will join The Social+Capital Partnership and Kaplan as a shareholder in Treehouse. According to a statement from Treehouse, Red Ventures will act as an adviser to Ryan Carson, Treehouse’s founder and CEO.
Terms of the deal were not disclosed.
Based in Portland, Treehouse teaches students how to build websites, create apps and code in languages like Java, Ruby and HTML. Treehouse accounts cost $25 a month, the company said, and students can become ready for a job within six to 12 months, after which point the Treehouse Career Team helps find them in a job.
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Red Ventures has used Treehouse’s platform for “several years” in its training and professional development programs, Treehouse said, including one called Code2Hire, which helps high school graduates without a college degree break into web design and development.
“Red Ventures thrives in a fast-paced, technology-driven world, and like us, they see the value in disrupting the educational system by providing non-traditional avenues for continued learning and career development,” Treehouse’s Carson said in the statement.
Last week, Red Ventures completed a $310 million purchase of Imagitas, a Stamford, Conn.-based e-commerce company that facilitates change of address requests for the U.S. Postal Service.
Red Ventures employs about 2,300 people between its Indian Land headquarters and its office in the University City area.