M&A Deal Summary

Blackboard Acquires ANGEL Learning

On May 11, 2009, Blackboard acquired software company ANGEL Learning for 95M USD

Acquisition Highlights
  • This is Blackboard’s 2nd transaction in the Software sector.
  • This is Blackboard’s 4th largest (disclosed) transaction.
  • This is Blackboard’s 4th transaction in the United States.
  • This is Blackboard’s 1st transaction in Indiana.

M&A Deal Summary
Date 2009-05-11
Target ANGEL Learning
Sector Software
Buyer(s) Blackboard
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

ANGEL Learning

Indianapolis, Indiana, United States
ANGEL Learning, Inc. is a developer of e-learning software to the U.S. education industry. ANGEL Learning's flagship products are the ANGEL Learning Management Suite and the ANGEL ePortfolio system.

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Buyer(S) 1

Buyer

Blackboard

Reston, Virginia, United States
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 4 of 24
Sector (Software) 2 of 5
Type (Add-on Acquisition) 4 of 22
State (Indiana) 1 of 1
Country (United States) 4 of 18
Year (2009) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-31 The NTI Group

Washington, District of Columbia, United States

The NTI Group makes and distributes Connect-ED, an affordable emergency communication, attendance notification, and community outreach solution designed specifically for K-12 schools. For as little as One Penny per Student per Day, Connect-ED can assist districts to efficiently improve student safety, parental involvement, staff communications, and student attendance.

Buy $182M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-08 Saf-T-Net

Raleigh, North Carolina, United States

Saf-T-Net, Inc. is a software as a service (SaaS) company providing rapid communication services for schools with its AlertNow services.

Buy $33M
Mergr

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Company

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