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.
Providence Equity PartnersBlackboard'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
Moodle partner companies owned by Blackboard currently provide Moodle's largest revenue stream among more than 80 partners. ... Moodle has the largest worldwide LMS market share, with Blackboard second.Aug 1, 2018