M&A Deal Summary

Anthology Acquires Blackboard

On September 13, 2021, Anthology, Inc. acquired software company Blackboard, Inc. from Providence Equity Partners

Acquisition Highlights
  • This is Anthology’s 4th transaction in the Software sector.
  • This is Anthology’s 4th transaction in the United States.
  • This is Anthology’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-09-13
Target Blackboard, Inc.
Sector Software
Buyer(s) Anthology, Inc.
Sellers(s) Providence Equity Partners
Deal Type Merger
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Milbank, Tweed, Hadley & McCloy LLP
Weil Gotshal & Manges LLP (Legal)

Target

Blackboard, Inc.

Reston, Virginia, United States
website
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.

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Buyer(S) 1

Buyer

Anthology, Inc.

Boca Raton, Florida, United States

website


Category Company
Founded 1988
SectorSoftware
DESCRIPTION

Anthology is a provider of administrative software solutions to higher education, nonprofit organizations, and other learning industries. Anthology's product suite includes student information systems, constituent relationship management, enterprise resource planning, student and alumni engagement, retention, and compliance solutions. Anthology was founded in 1988 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 5 of 5
Sector (Software) 4 of 4
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 iModules Software, Inc.

Overland Park, Kansas, United States

iModules is an online Constituent Engagement Management provider for educational institutions. iModules' interconnected suite of modules transforms how institutions create relevant constituent experiences and achieve fundraising success through web content management, marketing communications, online giving, event management, e-commerce, and social media integration. iModules integrates data, content, and strategy to drive participation and financial growth while increasing operational efficiency. iModules was founded in 1999 and is based in Overland Park, Kansas.

Buy -

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 57.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 88 of 90
Sector (Software) 7 of 8
Type (Merger) 6 of 6
State (Virginia) 5 of 5
Country (United States) 63 of 64
Year (2021) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Marlink AS

Paris, France

Marlink is a provider of business-critical communication solutions for customers operating in remote environments. Marlink’s maritime and land commercial satcom business is present in 14 countries across Europe, Asia, Middle East, and the Americas, and has a distribution network of approximately 400 re-sellers worldwide. The company serves all maritime sectors in the world and thousands of users operating in challenging environments in the mining, energy and humanitarian sectors that need highly reliable satcom mobile and fixed connectivity services. Marlink was formed in 2002 and is based in Paris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Tenstreet LLC

Tulsa, Oklahoma, United States

Tenstreet is a web-based provider of driver recruiting software and workflow solutions for the trucking and transportation industry. The company provides web-based tools to nearly 1,000 motor carriers and private fleets to help recruit, hire and manage drivers. Over the last decade, the platform has been used by 3 million drivers and offers drivers the easiest way to find their next job. Tenstreet is based in Tulsa, Oklahoma.

Buy -