Blackboard to Pay $116 Million for Elluminate and Wimba

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.

According to the Blackboard, the two companies allow them to accelerate development of their technologies to better realize the full potential for impacting education — at a rate much faster than any of our organizations could have achieved independently. Together, Elluminate and Wimba serve more than 2,600 institutions in the U.S. K-12, U.S. higher education, international and professional education markets.

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One Response to Blackboard to Pay $116 Million for Elluminate and Wimba

  1. Good catch, this will continue the growth of the Blackboard platform, and looks to be for the right price. It makes sense.
    I am sure Elluminate/Wimba customers will also feel good about the acquisition!

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