With the long-term rise in Ed Tech investments – starting in roughly 2007 – many analysts have been predicting a fall for several years. Maybe not a bubble burst like we saw in 2001, but a real drop in activity and volume. Now we also find out that there is also a 70% drop in mergers and acquisition […]
M&A
The Massive Decline In Larger Education Company Market Caps
After our coverage of Blackboard’s CEO change last week, we were both interviewed by the Washington Business Journal, with the following lede: Analysts and sources I spoke with Monday, both on and off the record, said the decision to bring on Bill Ballhaus as CEO was a combination of Bhatt failing to make progress building […]
Blackboard Potential Sale: Market timing, financials, and some thoughts on potential buyers
With Reuters’ story last week that Blackboard is putting itself up for sale through an auction, one question to ask is ‘why now?’. As Michael has pointed out, Blackboard is in the midst of a significant, but incomplete and late, re-architecture of its product line. Bottom line: If you think that Ultra is all about […]
Reuters: Blackboard up for sale, seeking up to $3 billion in auction
As I was writing a post about Blackboard’s key challenges, I get notice from Reuters (anonymous sources, so interpret accordingly) that the company is on the market, seeking up to $3 billion. From Reuters: Blackboard Inc, a U.S. software company that provides learning tools for high school and university classrooms, is exploring a sale that […]
Why LinkedIn Matters
A few folks have asked me to elaborate on why I think LinkedIn is the most interesting—and possibly the most consequential—company in ed tech. Imagine that you wanted to do a longitudinal study of how students from a particular college do in their careers, or the effect of social media for brick and mortar in […]
LinkedIn: I Told You So (Sorta)
In December 2012, I tweeted: https://twitter.com/mfeldstein67/status/276406235564220416 At the time, Coursera was the darling of online ed startups. Since then, it has lost its way somewhat, while Lynda.com has taken off like a rocket. Which is probably one big reason why LinkedIn chose to acquire Lynda.com (rather than Coursera) for $1.5 billion. I still think it’s […]
Education M&A Activity in 2013: Still growing, but changing
Like it or not, education is an industry, and much of the change we see affecting higher ed and K-12 institutions is driven by investment from the private sector. It can be useful to get a high-level view of the trends in private investments to help understand where private companies (edtech vendors, publishers, for-profit institutions, […]