M&A Deal Summary

Class Acquires Blackboard Collaborate

On May 19, 2022, Class acquired information technology company Blackboard Collaborate from Blackboard

Acquisition Highlights
  • This is Class’ 1st transaction in the Information Technology sector.
  • This is Class’ 1st transaction in the United States.
  • This is Class’ 1st transaction in Virginia.

M&A Deal Summary

Date 2022-05-19
Target Blackboard Collaborate
Sector Information Technology
Buyer(s) Class
Sellers(s) Blackboard
Deal Type Divestiture

Target

Blackboard Collaborate

Virginia, United States
Blackboard Collaborate is a synchronous virtual classroom space serving over 10 million users across more than 1,300 institutions in over 75 countries worldwide.

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Buyer(S) 1

Buyer

Class

Washington, District of Columbia, United States

website


Category Company
Founded 2020
Sector Software
DESCRIPTION

Class is software company that adds teaching and learning tools to zoom. It helps instructors take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, talk one-on-one with a student, track student progress, and more all within the zoom platform. Class was founded in 2020 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 CoSo Cloud

Oakland, California, United States

CoSo Cloud provides a secure private cloud platform as a managed service for distributed businesses and government agencies to conduct reliable virtual training and engage in high-consequence virtual meetings. The company also offers software applications and professional services to customize virtual meeting rooms for specific use cases whenever requirements demand more than cloud meetings. It is an authorized Adobe Connect Gold partner and a leading eLearning services provider. CoSo Cloud was formed in 2007 and is based in Oakland, California.

Buy -

Seller(S) 1

SELLER

Blackboard

Reston, Virginia, United States

website


Category Company
Founded 1997
Sector Software
Employees1,780
DESCRIPTION

Blackboard is a global educational software company that allows thousands of higher education, K-12, professional, corporate and government organizations to extend teaching, learning and campus communication online to millions of students, parents and teachers. Blackboard was founded in 1997 and is based in Reston, Virginia.


DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Divestiture) 3 of 4
State (Virginia) 1 of 2
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Blackboard - Open LMS Business

District of Columbia, United States

Blackboard, Inc.'s Open LMS Business is a moodle-based SaaS LMS used to increase its focus on the innovations and services that are core to its client base.

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Blackboard K-12

Reston, Virginia, United States

Blackboard K-12 Engagement solutions include Blackboard Web Community Manager, Blackboard Connect, Blackboard Reach, Blackboard Mass Notifications, and the Blackboard Mobile Communications App, which primarily serves public K-12 districts and schools. Blackboard K-12 is based in Reston, Virginia.

Sell -