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New Deal


Announced

Class Technologies to acquire Blackboard from Anthology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Single Bidder

Pending

Domestic

Private

Friendly

Software

software development

EdTech software

United States

Synopsis

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Class Technologies, a leader in the synchronous virtual classroom space, agreed to acquire Blackboard, a company in the synchronous virtual classroom space with deep integration into Blackboard Learn Ultra, from Anthology, a provider of education solutions that support the entire learner lifecycle. “COVID forced millions of learners and instructors online overnight and fundamentally changed the face of education and training. At Class, our vision is to change the way the world learns - both in education and the workforce. Bringing together these two products and teams allows us to deliver the next generation virtual and hybrid learning environment -better, faster, and stronger than we could as two separate entities,” Michael Chasen, Class co-founder and CEO.

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