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$80 Million Invested – Desire2Learn: Leading the Renaissance in Education

Desire2Learn, one of the largest and fastest growing cloud learning platforms for the education industry. The $80 million financing is the first ever for the company and is one of the largest investments we’ve made out of our new $2.6 billion fund. Over $1 trillion is spent on K-12 and higher education globally, and schools are in the midst of a technology renaissance that is reinventing the classroom as we know it.

Blackboard, Desire2Learn Announce Patent Cross License Agreement and Settlement of Litigation

Blackboard Inc. (Nasdaq: BBBB) and Desire2Learn Incorporated (Desire2Learn) announced today that the companies have reached an agreement to license each other's worldwide e-learning patent portfolios and settle all outstanding litigation between them.