Blackboard, the maker of software used by schools and colleges to manage online learning, said on May 6 that it expects to acquire another of its main competitors, Angel Learning of Indianapolis, reports the Washington Post. The Washington, D.C.-based company, whose eLearning software is ubiquitous on many university campuses, will pay about $95 million—$80 million in cash and $15 million in stock—for its rival, excluding transaction costs and including the cash it will acquire from privately held Angel. The deal is expected to close this month, Blackboard said. In an interview, Blackboard chief executive Michael L. Chasen said that combining the two companies, whose technologies are similar, will allow his firm to continue to grow quickly and improve its customer service and technology. Chasen said some staff cuts will be made where there are redundancies in the two companies, but no large layoffs are planned for the immediate future. Blackboard has expanded its core services in recent years. Last year, the company bought NTI Group for $182 million, adding technology that sends emergency alerts to school stakeholders…

Click here for the full story

About the Author:

eSchool News


Add your opinion to the discussion.