u/lawschoolredux wrote (the comment Michael replied to):
1) I wonder how education quality will change… it looks like it’s the new part time program all over again where people on the fence had to wait and see how the first few cohorts were doing 2) I’m guessing the Hack Reactor name is the one that will stay, as that has more alumni
u/michaelnovati replied ·
I could go into each school and what I think would happen to it. Hack Reactor will probably survive as a brand.
So Stride Inc is a public company worth about $1.7B that owns Galvanize and Tech Elevator. Galvanize owns Hack Reactor.
This announcement is basically merging two independent subsidiaries, but really Hack Reactor has just been a brand on top of Galvanize's operations for years now and this merging will make Tech Elevator another brand under Galvanize's operations.
What does this mean "operations"?
It means Galvanize has all the corporate business operations stuff, it has the sales people, the marketing, payment processing, legal reviews, etc... Consolidation is when these companies can merge so that all of the humans doing duplicate work can be laid off and the combined programs are more profitable as a result.