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Second-quarter revenue rose 78.8 percent at The Training Associates to $26.1 million from $14.6 million in the second quarter of last year. The Westborough, Mass.-based firm provides learning and development consultants for information technology and professional business skills training.
“During the second quarter, we increased our high volume of deployments of training professionals and consultative services both with our partners across multiple training channels and also with industry verticals including financial, healthcare, technology, consulting, academic and other major markets,” said CEO Vic Melfa. “In addition, we have had a strong penetration into the government and international markets with key personnel placements and investments.”
The firm also announced it is searching for a private equity investor that can provide appropriate minority investment.