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Blackboard: A Tale Of 2 Companies

Despite actively marketing Blackboard 9.1, many university technology administrators view Blackboard as having skimped on research and development to focus on growth via acquiring LMS competitors like WebCT and Angel at the expense of expanding and refining their products. (There is also a mounting body of snafus that has given momentum to an anti-Blackboard movement on the Internet and among university technology staffers.)

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Providence to Buy Blackboard for $1.64 Billion, Gain Educational Software

By Douglas MacMillan – Jul 1, 2011 8:15 AM ET Providence Equity Partners Inc. agreed to buy Blackboard Inc. (BBBB), a maker of online educational software, for $1.64 billion. Providence will pay $45 a share in cash for Washington- based Blackboard, the companies said in a statement today. The price represents a 21 percent premium

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