Blackboard Mergers and Acquisitions Summary

Software Company

Blackboard has acquired 27 companies of its own, including 3 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 2 assets.

Blackboard’s largest acquisition to date was in 2016, when it acquired Higher One Holdings for $260M. It’s largest disclosed sale occurred in 2020, when it sold Blackboard - Open LMS Business to Learning Technologies Group for $32M. Blackboard has acquired in 15 different US states, and 5 countries. The Company’s most targeted sectors include information technology (50%) and software (21%).

Join Mergr and gain access to Blackboard’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the software sector.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity24
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 15
  • M&A Advisors 3

Blackboard, Inc. (Blackboard)

11720 Plaza America Drive, 11th Floor ,
Reston, Virginia 20190
United States,
www.blackboard.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 24 - - - - - 24
vol $748M $748M
Sell (0.4/yr) # - - - 1 1 - 2
vol $32M $32M
  26

Most Recent M&A

Company Date Value Type
Blackboard, Inc. - Open LMS Business 2020-03-10 32M USD Divestiture
, District of Columbia
Blackboard, Inc. - Transact Business Unit 2019-03-07 - Divestiture
Phoenix, Arizona
Fronteer Ltd. 2016-10-26 - Add-on Acquisition
, United Kingdom · www.fronteer.io
Higher One Holdings, Inc. 2016-06-30 260M USD Add-on Acquisition
New Haven, Connecticut · www.higherone.com
Sequoia Retail Systems, Inc. 2016-05-31 - Add-on Acquisition
Mountain View, California · www.sequoiars.com
Blue Canary 2015-12-01 - Add-on Acquisition
Chandler, Arizona · www.bluecanarydata.com
Nivel Siete 2015-08-13 - Add-on Acquisition
Bogota, Colombia · www.nivel7.net
X-Ray Analytics, Inc. 2015-07-02 - Add-on Acquisition
, United States
Remote-Learner UK Ltd. 2015-04-10 - Add-on Acquisition
Bloxham, United Kingdom · www.remote-learner.co.uk
Schoolwires, Inc. 2015-03-20 - Add-on Acquisition
State College, Pennsylvania · www.schoolwires.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 12 (50%) 182M (24%) - -
Software 5 (21%) 273M (36%) 1 (50%) -
Internet Software and Services 4 (17%) 33M (4%) 1 (50%) 32M (100%)
Business Services 1 (4%) 260M (35%) - -
Communications 1 (4%) - - -
Education 1 (4%) - - -
Total 24 $748M 2 $32M

By Geo

State/Country Buy Value Sell Value
United States 18 748M 2 32M
  Massachusetts 2 178M - -
  California 2 - - -
  District of Columbia 1 182M 1 32M
  Arizona 1 - 1 -
  Virginia 1 - - -
  Texas 1 - - -
  South Carolina 1 - - -
  Pennsylvania 1 - - -
  North Carolina 1 33M - -
  New York 1 - - -
  Maryland 1 - - -
  Indiana 1 95M - -
  Illinois 1 - - -
  Connecticut 1 260M - -
United Kingdom 3 - - -
Australia 1 - - -
Canada 1 - - -
  Alberta 1 - - -
Colombia 1 - - -
Domestic 18 (75%) 748M (100%) 2 (100%) 32M (100%)
Cross-border 6 (25%) - - -
Total 24 $748M 2 $32M

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Dechert LLP
1
Dewey & LeBoeuf LLP
1

Deal Values

buy # Total
$100M to $1B 3 $620M
< $100M 2 $128M
TOTAL $748M
Largest Higher One Holdings, Inc.
$260M (2016-06-30)
sell # Total
< $100M 1 $32M
TOTAL $32M
Largest Blackboard, Inc. - Open LMS Business
$32M (2020-03-10)

M&A Connections

Deals
Acquired from
Investor(s)
33%
8 (33%)
Strategic(s)
4%
1 (4%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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