The LMS, as we currently know it, is a relic from a long-gone era. An era where the internet was in its infancy, where static, text-heavy content was the norm, and where the web was accessed from the desktop. Where services like AOL, Yahoo and MSN tried to be everything to everybody.
Ellucian announced that private equity firms TPG Capital and Leonard Green Partners acquired a majority stake in the higher education SaaS provider from its current owners Hellman & Friedman LLC and JMI Equity.
University Ventures, an investment firm focused on the higher education market, announced its $5 million seed portfolio.
The fund already made initial seed investments in a couple of edtech companies, namely technology distribution network Entangled Ventures, job skills platform ProSky, ePortfolio company Portfolium, and SaaS platform CampusLogic.