This is just a quick post to note the fact of two pretty big announcements coming out of Blackboard. First, the acquisition of the company by Providence Equity has been completed. Second, Providence immediately turned around and executed a merger between Blackboard and Edline, makers of an LMS-like product aimed at the K12 market. I haven’t had time to look into the details of this latest move, but it may suggest that Providence believes the K12 market is ready to experience a growth spurt.
October 5, 2011