Class Technologies, the Zoom-enabled learning platform founded in the United States during the pandemic, has announced that it will purchase Blackboard Collaborate, a video conferencing software owned by Anthology.
Anthology, founded in 2020 from the merger of three educational administrative software companies with roots dating back to the 1980s, bought Blackboard in a merger last year. Blackboard is one of the world’s largest edtech brands.
Class technologiesoperators of a Zoom-enabled synchronous virtual learning platform announced on May 19 that they had agreed an agreement with Anthology to purchase Blackboard Collaborate.
Blackboard Collaborate currently serves 10 million users in 1,300 institutions and 75 countries around the world. The combined business will serve over 1,750 institutions.
The deal is reportedly worth $ 210 million. Class Technology founder Michael Chasen co-founded and led Blackboard between 1999 and 2012. Blackboard software was, said Class, “a leader in the synchronous space of virtual classrooms with deep integration into Blackboard Learn Ultra.”
Combining these two products and teams allows us to deliver the next generation hybrid and virtual learning environment – better, faster and stronger than we could as two separate entities.
– Michael Chasen, Class Technologies
The class works by adding teaching and learning tools to the Zoom platform. Upon completion of the agreement, the platform will be known in the future as “Class Collaborate”.
The acquisition would allow Anthology to “focus more resources on accelerating innovation within its flagship learning management system, Blackboard Learn Ultra, and other areas of the business,” according to a statement on behalf of the company. agency.
Jim Milton, president and chief executive officer of Anthology, said expectations have “changed” in a period of “transformational change that requires a renewed focus on pedagogical best practices.” The sale, Milton said, would allow Anthology to “build our momentum and deep investment in Learn Ultra and expand the impact it can have on multiple learning environments for our customers.”
Class will retain full support for its current customers and Blackboard Collaborate. The company said it aimed to build a “tight integration” between the two platforms to “bring the best of both”. A statement on behalf of the company states that Class has experience of “large and stable synchronous video experiences” and Blackboard has “a large global user base”. The class would employ “a number” of the current Blackboard Collaborate staff.
“Covid has forced millions of students and instructors online overnight and has fundamentally changed the face of education and training,” said Michael Chasen, co-founder and CEO of Class. “In Class, our vision is to change the way the world learns, both in education and in the workforce. Combining these two products and teams allows us to deliver the next generation hybrid and virtual learning environment – better, faster, and stronger than we could as two separate entities. “
The deal is expected to close in the second quarter of 2022.
Class Technologies acquires Anthology’s Blackboard Collaborate
Source link Class Technologies acquires Anthology’s Blackboard Collaborate