The purpose of this deal is a revenue growth opportunity driven by cross-selling, international growth, and the opportunities to combine products and create new value, particularly at the data level. Once the deal closes, Blackboard will no longer exist as a standalone EdTech company.Sep 13, 2021
Though previously a public company, following its 2011 buyout by Providence Equity Partners Blackboard now operates as a private company.
Blackboard's current owner, Providence Equity Partners, bought it in 2011 for $1.64 billion, and Blackboard was shopped (but not sold) in 2015 for about $3 billion.Sep 14, 2021
Anthology, a relatively new higher education software and services company, is acquiring Blackboard, long one of the most prominent companies in the educational technology space.Sep 13, 2021