M&A Deal Summary

Learning Technologies Group Acquires Blackboard - Open LMS Business

On March 10, 2020, Learning Technologies Group acquired internet software and services company Blackboard - Open LMS Business from Blackboard for 32M USD

Acquisition Highlights
  • This is Learning Technologies Group’s 3rd transaction in the Internet Software and Services sector.
  • This is Learning Technologies Group’s 3rd largest (disclosed) transaction.
  • This is Learning Technologies Group’s 4th transaction in the United States.
  • This is Learning Technologies Group’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2020-03-10
Target Blackboard - Open LMS Business
Sector Internet Software and Services
Buyer(s) Learning Technologies Group
Sellers(s) Blackboard
Deal Type Divestiture
Deal Value 32M USD

Target

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.

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Buyer(S) 1

Buyer

Learning Technologies Group

London, United Kingdom

website

Category Company
Founded 1986
Sector Internet Software and Services
Employees1,100
Revenue 132M GBP (2020)
DESCRIPTION

Learning Technologies Group is a provider of e-learning services and technologies to corporate and government clients in the United Kingdom. Learning Technologies Group was founded in 1986 and is based in London, the United Kingdom.

DEAL STATS #
Overall 7 of 12
Sector (Internet Software and Services) 3 of 6
Type (Divestiture) 1 of 2
State (District of Columbia) 1 of 1
Country (United States) 4 of 6
Year (2020) 1 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-25 PeopleFluent

Waltham, Massachusetts, United States

PeopleFluent, Inc. is an independent provider of cloud based integrated talent solutions focusing on all aspects of the employee lifecycle: recruitment, development, performance and compensation. PeopleFluent, Inc. was established in 1997 and is based in Waltham, Massachusetts.

Buy £107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 eCreators Pty

Melbourne, Australia

eCreators Pty Ltd. provides learning management systems software (platform), lms training, lms hosting, rapid e-learning development, and moodle training. eCreators is based in Melbourne, Australia.

Buy CA$3M

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 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 4
State (District of Columbia) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Transact

Phoenix, Arizona, United States

Transact is a provider of campus engagement and payments solutions and a first-mover innovator in NFC mobile credentials, Transact enables institutions to identify and engage students, elevating the student experience through mission-critical transactions. Transact is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 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.

Sell -
Mergr

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