e-Literate

Present is Prologue

Tag: Instructure

  • Unizin RFP For LMS: An offering to appease the procurement gods?

    Well this was interesting:

    In a blog post from Monday, Unizin announced a public Request For Proposals (RFP) to solicit bids for an enterprise and multitenant LMS. The RFP states its purpose:

    We seek to identify a qualified vendor (“vendor”) to make available an enterprise and multitenant learning management system and related services (collectively, the “LMS”) to Member Institutions.

    Say what? (more…)

  • New Visual From LISTedTECH Shows LMS Market By New Implementations

    Justin Menard and his team at ListEdTech have produced a great new visual on the LMS market in North America. Using his wiki-based data with 4,000+ institutions, he shows the percentage of LMS implementations per year (scaled to 100% for each year). While we are used to seeing LMS market share in terms of number or percentage of institutions using each LMS as primary system, this view highlights the dynamics of the market – which systems are getting adopted. See original post for full chart and additional description.

    LMS-Providers-Market-Share-by-Year1

    A few notes: (more…)

  • Interview with Josh Coates, CEO of Instructure, on today’s IPO

    Instructure, maker of the Canvas (higher ed and K-12 markets) LMS and Bridge (corporate learning market) LMS, held their Initial Public Offering today. Prior to the IPO, Wall Street analysts focused on the company’s growth, its large losses, and the challenges of the education market. The company was priced on the lower end of its range ($16.00), and closed up 12.5% at $18.00.

    This IPO and its lead up have been highly watched, particularly given the rapid growth in ed tech investments and questions on whether there are real businesses to emerge based on the investments. I had the opportunity to interview CEO Josh Coates today. What follows is an edited version of the interview, focusing mostly on how Instructure’s IPO will impact education markets and existing customers. I tried to capture as much of the Q&A verbatim as was feasible, but treat the answers below as a paraphrase.

    Q. What are your impressions on how the IPO has gone so far?

    A. The market in general has been a blood bath [ed. Dow down 585, or 3.3%, for the week], but we’re doing well so far. Given market conditions right now, we’re pleased as punch. We priced in range [ed. $16 – $18], and the market responding well. We’re really focused as a company 6-12 months down the road, but it is nice to get this IPO feedback. (more…)

  • Instructure Dodges A Data Bullet

    Last week’s EDUCAUSE conference was relatively news free, which is actually a good thing as overall ed tech hype levels have come down. Near the end of the conference, however, I heard from three different sources about a growing backlash against Instructure for their developing plans for Canvas Data and real-time events. “They’re Blackboarding us”, “the honeymoon is over”, “we’re upset and that is on the record”. By all appearances, this frustration mostly by R1 institutions was likely to become the biggest PR challenge for Instructure since their 2012 outage, especially considering their impending IPO.

    The first complaint centered on Instructure plans to charge for daily data exports as part of Canvas Data, which Instructure announced at InstructureCon in June as:

    a hosted data solution providing fully optimized data to K-12 and higher education institutions capturing online teaching and learning activity. As a fundamental tool for education improvement, the basic version of the service will be made available to Canvas clients at no additional cost, with premium versions available for purchase.

    What that last phrase meant was that monthly data access was free, but institutions had to pay for daily access. By the EDUCAUSE conference, institutions that are part of the self-organized  “Canvas R1 Peers” group were quite upset that Instructure was essentially selling their own data back to them, and arguments of additional infrastructure costs were falling flat. (more…)

  • Why Is Blackboard Laying Off Staff Despite Improved Market Share Position?

    Over the past two weeks Blackboard had another round of layoffs, likely due to the company missing financial targets. While one estimate places the number at roughly 200, from what I have heard the number is closer to 90 – 100 people let go. I asked the company for commentary on the layoffs and associated reorganization. By email they declined to comment on the number of employees let go but added this comment:

    These changes included the elimination of select positions across the company. We deeply appreciate the contributions made by the affected employees and are supporting them in their transition.

    This is not the first layoff at Blackboard since they were taken private in 2011; rather this is the latest in a series of cuts that have gone well beyond “trimming the fat”. Posts on thelayoff.com and glassdoor paint a picture of high attrition due to routine layoffs and many staff leaving by their own choice. We have written on several of these events here at e-Literate. 90 here, 100 there, 74 . . . it adds up, especially when combined with staff departures.

    To get another view into the company downsizing, consider that Blackboard recently signed a lease that will trim its corporate headquarters by 37%:

    Founded in a Dupont Circle row house in 1997, Blackboard, which has occupied 111,895 square feet at 650 Massachusetts Ave. since 2008, will move into Ogilvy Public Relations Wordwide’s former space on the eighth through 10th floors [70,482 square feet] beginning in December 2015.

    This follows a recent move in its Reston, Virginia facility that cuts its office space there by over 50%.

    In an ironic turn of events, the new headquarters move will put the company into the same building it occupied before 2008, and their neighbors in the building will include former CEO Michael Chasen’s SocialRadar and CBE provider FlatWorld.

    Why More Layoffs When US Market Share Finally Stabilizes?

    (more…)

  • State of the US Higher Education LMS Market: 2015 Edition

    I shared the most recent graphic summarizing the LMS market in October 2014, and thanks to revised data sources it’s time for an update. As with all previous versions, the 2005 – 2009 data points are based on the Campus Computing Project, and therefore is based on US adoption from non-profit institutions. This set of longitudinal data provides an anchor for the summary.

    The primary data source for 2013 – 2015 is Edutechnica, which not only does a more direct measurement of a larger number of schools (viewing all schools in IPEDS database with more than 700 FTE enrollments), but it also allows scaling based on enrollment per institution. This means that the latter years now more accurately represent how many students use a particular LMS. This post at Edutechnica provides the most recent data for Fall 2015.

    A few items to note:

    • The most important recent feature of the market – the rapid rise of Canvas, surpassing D2L and quickly closing in on Moodle – is quite visible now.
    • Blackboard Learn appears to have stopped its well-documented losses in US higher ed and has even risen in the past year. Its market share is far smaller than at its 2009 peak, but the company is no longer losing large numbers of clients each year.
    • D2L, Sakai, and Moodle have risen ever so slightly, but in effect have hit a plateau.
    • ANGEL and eCollege have lost market share.
    • There is a growing area of “Alternative Learning Platforms” that includes OpenEdX, 2U, Helix and Motivis (the newly commercialized learning platform from College for America).
    • While the data is more solid than 2012 and prior years, keep in mind that you should treat the graphic as telling a story of the market rather than being a chart of exact data.
    • Update (10/16): Removed “Curtin University as origin of Moodle based on Martin’s comments. Mea culpa – should have caught this earlier.
    • Update (10/23): Changed graphic title to refer to US and not North America.

    LMS_MarketShare_20151023

  • Reuters: Instructure has filed for IPO later this year

    Reuters is on a breaking news roll lately with ed tech. This time it is about Instructure filing for an initial public offering (IPO).

    Instructure is planning an initial public offering later this year that could value the education software company at $500 million to $800 million, according to people familiar with the matter.

    Instructure, based in Salt Lake City, has hired Morgan Stanley (MS.N) and Goldman Sachs (GS.N) to help prepare for the IPO, which has been filed confidentially, the people said. They requested anonymity because the news of the IPO was not public.

    Under the Jumpstart Our Business Startups Act, new companies that generate less than $1 billion in revenue can file for IPOs with the U.S. Securities and Exchange Commission without immediately disclosing details publicly.

    Instructure has long stated its plans to eventually IPO, so the main question has been one of timing. Now we know that it is late 2015 (assuming Reuters story is correct, but they have been quite accurate with similar stories). (more…)