Catalyte, the code training and placement service, based in Baltimore, has launched a new software service.
The service is created to take its machine learning-based skills-evaluation and coaching program to organisations around the country.
Funds are already addressing almost $100 million for its outsourced software development services.
Catalyte is aspiring to take the teachings and tools it has studied and grown in its 18-year history as a staffing and training company for the tech industry.
They sell them to businesses that are seeking to retrain or give added skills development possibilities for their employees.
The Mission of the Company
Catalyte’s chief executive, Jacob Hsu, feels that the company’s mission is to provide a crucial step for companies. They aim to recognise the employees in their workforce with the abilities to become coders.
It also allows those employees to obtain the training that they require to move into higher-paying roles as software takes over low-skilled, monotonous labour.
At Catalyte, the company’s progress has added on practising what it teaches and now what it is selling.
The Story of Catalyte
It started in 2000 as a staffing service in Baltimore which was called Catalyst Devworks by a prior White House economist, Michael Rosenbaum.
The company further extended to locations in Chicago and Portland and provides training and workforce growth through contracted consulting plans with companies.
The company’s volunteers come from everywhere and anywhere and selecting hinges on a skills test.
Where potential employees have to perform that is observed by software that tracks how test-takers reply to the company’s questions.
Once a candidate clears the test, they are taken in for training and offered a two-year contract
During this time, they are put to work on development projects Catalyte has gained from clients like Under Armor, Aetna, AT&T and Microsoft.
The growth of Catalyte’s across the past three years has been nothing less of explosive.
The company progressed from 50 employees in 2016 to approximately 800 people on staff presently.
As the company is expanding its product pipeline, it also plans to increase the number of development and training centres it manages.
According to an interview, Hsu told the local technology news site Technically Baltimore in February, that the idea is to have 20 development centres throughout the country by 2020.
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