For four years, The Iron Yard has trained would-be computer coders at its home campus in Greenville and campuses across the nation. Today, the company announced it was shutting its doors at all locations.
A statement issued by the Greenville-based technology education company via its blog said it planned to cease operations at all of its campuses after teaching out its remaining summer cohorts.
“Over the last four years, The Iron Yard has led the code school industry in preparing students for careers as software developers,” the company said in the statement. “The industry as a whole is still young and its leaders face the challenge of a nascent market, as well as the demands facing all institutions in the higher education marketplace. In considering the current environment, the board of The Iron Yard has made the difficult decision to cease operations at all campuses after teaching out remaining summer cohorts. We will finish out summer classes completely, including career support. While our journey is coming to an end, we will always take pride in the thousands of people our staff helped to launch new careers.”
Peter Barth, a former Wall Street broker and computer guru, founded the Iron Yard in May 2012 as a business accelerator.
The company held its first accelerator cohorts, coding schools for kids, and co-working spaces in downtown Greenville and downtown Spartanburg.
Barth could not immediately be reached for comment Thursday.
According to the company’s website, it has 15 campuses in Greenville, Atlanta, Austin, Houston, Indianapolis, Las Vegas, Charleston, Dallas, Nashville, Orlando, Washington D.C., Tampa Bay, and Raleigh, Durham and Charlotte, N.C.
The company did not specify how many, if any, employees will be impacted by the announcement.
It was also unclear whether the decision will affect the company’s seed stage investment firm Iron Yard Ventures.