Yup. New about the largest Moodle Partner worldwide, with the combined clientele of Netspot, Moodlerooms and Remote-Learner UK being up for sale has just been released by Reuters news source. Purportedly the current owners of one of the largest education technology companies in the world, Providence Equity Partners, LLC has enlisted Deutsche Bank and Bank of America to run an auction for the company. Read the full article here: http://www.reuters.com/article/2015/07/28/us-blackboard-providence-idUSKCN0Q226R20150728
Annual earnings of the company are around 200 million dollars per year and insiders suggest that it could fetch a valuation as high as 17 times earnings before interest, tax, depreciation and amortization (EBITA): or roughly $3.4 billion dollars. With a B.
Based in Washington D.C., Blackboard provides custom software to help students collaborate on assignments and communicate with teachers. It serves 19,000 clients in 100 countries including 1,900 international institutions, with 80 percent of the top academic institutions using its software, according to its website.
Obviously the price tag is a little high for just anyone to make a purchase, but a large company facing an economic downturn (think Pearson or McGraw Hill) could make a play for the company. Interesting times in education technology for sure!