We have traveled a fantastic journey with Green Fox over the past nearly 8 years. We have encountered truly special people and (career) stories that propelled us forward every single day. However, now we have to close the chapter of the Green Fox story.
We are proud that we could assist thousands of students in building their IT careers and connect many talents with our partner companies. From the very first moment of our foundation, we have been immensely proud of our students, who time and again have proven that dedication, hard work, and motivation can achieve anything, even a new career. We have encountered fantastic people and stories that propelled us forward every single day.
Now, however, we must bring the Green Fox story to a close. The past year has brought about many changes not only in the IT sector but globally, affecting our lives as well. The consequences of war, high inflation, and other economic challenges continuously presented us with difficulties. These deteriorating economic conditions have also slowed down the labor market, which has had a significant impact on our business model. We tried to adapt until the last moment, but the owners ultimately had to make the toughest decision: Green Fox is closing.
Our ongoing courses will be completed, but we will not launch new ones. We will discuss the details of the continuation directly with our current students.
We still believe that the IT industry needs talents emerging from bootcamps. We also believe that IT is a future-proof sector that offers opportunities for employees in various positions and areas.
Thank you for being with us for the past 8 years, and we wish you to fulfill your career dreams.
The official press release from the owner is as follows:
*****************************************************
Official press release:
Green Fox Academy, whose majority shareholder is the Luxembourg alternative investment fund Sandberg Investment Fund II SCSp managed by the Slovak private equity company Sandberg Capital, ends its operations today. As a result of market developments in the CEE region, it has faced liquidity problems in recent months. Following an agreement between the shareholders, Green Fox Academy filed for insolvency.
"The past year has been marked by extreme changes that have had a negative impact on both the B2B and B2C sectors. Economic volatility has led to a significant cooling of the labour market and declined interest in retraining courses in the IT segment. At the same time, many corporate clients were forced to postpone projects and suspend the hiring of new or junior employees, which had a negative impact on Green Fox's growth and sales," said Richard Flimel, Partner at Sandberg Capital.
IT Bootcamp Green Fox Academy provided courses for junior programmers. The Academy focused on retraining courses, continuing education programs and corporate training programs in the IT sector. So far, it has trained more than 5,000 students.
"We continue to believe that the programs provided by Green Fox Academy are important for the digital transformation of the region. Since joining the company, Sandberg has made several operational improvements. However, these have not yet materialized, and combined with a rapid decline in the number of students and corporate clients, the company has run into liquidity problems. Sandberg chose not to provide further financing to the company. We regret the situation, but we see filing for insolvency as the only responsible solution for our investors," said Flimel.
Ongoing courses will be completed.
ABOUT SANDBERG CAPITAL
Sandberg Capital is a Slovak private equity company established in 2014. It focuses on investing in small and medium-sized firms in Slovakia and the CEE region in the areas of IT, telecommunications, agriculture, education, and retail. Sandberg Capital manages more than €340 million on behalf of private and institutional investors.
Mozga Anna frissdiplomás bölcsészként vágott bele a programozásba nem sokkal a diplomaosztója után. Miután elvégezte a Green Fox Junior programozó képzését, 1-2 évig kereste a helyét új szakmájában, most pedig úgy érzi, hogy Salesforce-fejlesztőként végre megtalálta. De mit csinál egy Salesforce-fejlesztő, és milyen készségekre van szüksége? Ismerd meg jobban a Salesforce területet Anna történetén keresztül!
Az informatikushiány egy több évtizedes probléma Magyarországon. Ennek kapcsán az aktuális IT munkaerőpiaci trendekről, megoldási lehetőségekről beszélgetett Bogyó Péter, a HRTV adásszerkesztő műsorvezetője Fachs Anitával, a Green Fox Academy magyarországi operációjának vezetőjével. Az alábbiakban a beszélgetés legfontosabb részeit foglaltuk össze.
COVID made Zsolt Náday start a course at Green Fox in 2020, but he was going to do it sooner or later anyway. The epidemic period after the course was less suitable for job hunting, but Zsolt was finally able to choose from several companies and found a job as a Salesforce developer. How does he spend a working day and what skills does he need? Read our interview and get to know the world of Salesforce developers.
Evosoft Hungary Kft. is a leading IT company in Hungary which has a presence in our country since 1995. Today, they operate with nearly 2000 employees but the number is increasing every year. They have been cooperating with Green Fox Academy almost since the start of the bootcamp. Thus, they have gained great knowledge and experience not only on the tech side but the HR side as well. This time we talked about the effective onboarding process and the integration of career changers.
The rapid change in development needs and technologies, a shortage of quality workforce, and the difficulty of retaining colleagues with valuable professional skills are major challenges for companies worldwide. How to give a unique answer to a global problem? Who is responsible for the management of this problem, and where should you start? We discussed all these questions with Anita Fachs, who is the managing director in charge of corporate services at Green Fox.
The lack of professionals in the IT sector has clearly become one of the biggest challenges in the labour market. In this situation, solutions tailor-made for a company’s needs are gaining ground. The corporate bootcamp is a training specifically designed to meet a company's needs and expectations. Its graduates are professionals who are ready to join a project immediately. Now we explain the practical operation and the advantages through the example of our co-operation with Lufthansa Systems Hungária.
In cooperation with our corporate partner, Morgan Stanley Budapest, we are launching an exceptional scholarship program in April 2022. Within the framework of Java Academy corporate boot camp, we are choosing 15 talented students interested in Java and server-side programming and giving them the chance to restart their careers as back-end developers – for free.