Blackboard to Pay $116 Million for Elluminate and Wimba
July 9, 2010 1 Comment
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Blackboard, the DC-based provider of software and services to educational institutions will pay $116 million cash to acquire Calgary-based Elluminate and New York-based Wimba, both developers of virtual classroom technology.
The acquired companies will form the backbone of Blackboard Collaborate, a new, standalone platform that will allow educational institutions to hold synchronous live courses over the web, including audio, video, white board and social learning capabilities. Read more of this post








