Last Friday Instructure celebrated its long-awaited IPO. The market bid the LMS provider a rather warm welcome, closing around 8% up in afternoon trading that day. CEO Josh Coates stated that there was a huge renaissance in education technology.
Keeping its pace of edtech acquisitions, Blackboard announced that the company has acquired Nivel Siete, a Moodle provider based in Colombia. Terms of the deal have not been disclosed.
Founded in 2002, Nivel Siete has over 200 customers reaching over 400.000 learners in Latin America. The company will continue to operate under the Nivel Siete brand.
Interestingly, as EDUKWEST reported in July, Blackboard itself might be up for sale for up to $3 billion.
Reuters reports that Blackboard might be on the market with a $3 billion price tag attached to it. According to sources, majority owner Providence Equity Partners LLC, who took Blackboard private in 2011, hired Deutsche Bank and Bank of America to run an auction for the company.
Blackboard announced the acquisition of Requestec, a startup that creates web conferencing and real time communication gateways for computers and mobile devices. Financial terms of the deal have not been disclosed.
Requestec’s technology has already been implemented in part of Blackboard’s product line, further implementation and updates are planned for later this year.
Blackboard and Discovery Education announced a partnership under which faculty and students in universities and community colleges can access Discovery Education’s digital content through Blackboard’s LMS and mobile platform.
Discovery Education’s higher ed library contains of over 90,000 learning resources, including videos, images, audio learning guides and writing prompts.
The launch of a similar partnership for the K-12 space is planned for later this year and will give teachers access to more than 151,000 standards-aligned resources that address multiple learning styles and support the Common Core State Standards.
Blackboard had also just announced a partnership with Brazilian education company Grupo Positivo.
Full Release after the break.