WASHINGTON, April 30, 2019 /PRNewswire/ -- Blackboard Inc. (Blackboard) today announced that the company has completed the sale of its Blackboard Transact business unit ("Transact") to Reverence Capital Partners, LP ("Reverence").Apr 30, 2019
In March 2019 Blackboard announced that Transact was to be spun off, having been acquired by Reverence Capital Partners. Blackboard Analytics was developed after the company acquired iStrategy, a data analysis firm, in December 2010.
Blackboard Mobile Credentials were technically launched by Blackboard Transact, an arm of Blackboard Inc. focused on offering campus-based transaction processing solutions. Not even a year after the rollout of Blackboard Mobile Credentials, however, Blackboard Inc. has announced that it is selling Transact.Mar 14, 2019
These days, most chalkboards are sold to restaurants, not to schools. The link between whiteboards and digital culture helped many U.S. schools adopt smartboards. By 2014, 60 percent of K-12 classrooms had interactive whiteboards, a figure that's expected to increase to 73 percent by 2019.Oct 13, 2016
The companies did not share any financial data, but the combined entity is likely to be among the sector's biggest educational technology firms. 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
Transact Campus has an overall rating of 3.6 out of 5, based on over 35 reviews left anonymously by employees. 60% of employees would recommend working at Transact Campus to a friend and 57% have a positive outlook for the business.Mar 5, 2022
Cashnet is Now Transact Payments Product functionality and support remain the same, with a roadmap of innovative enhancement under development. Transact Payments (formerly Cashnet) is a powerful ecosystem capable of streamlining campus operations and improving student experiences.