Just over four years since Providence Equity Partners acquired Blackboard and three years after they brought in Jay Bhatt to replace co-founder Michael Chasen, the company announced another change in CEO. Blackboard has removed Jay Bhatt and replaced him with Bill Ballhaus. The official reason from the announcement: Today, we are fortunate to be joined […]
Providence Equity Partners
Exclusive: University of Phoenix moving from homegrown platform to Blackboard Learn Ultra
The University of Phoenix has a history of using its scale to develop and rely on homegrown platforms, including the adaptive learning platform branded as “Classroom”. I wrote about this investment in 2013. The full significance of the University of Phoenix bet on adaptive learning platforms goes beyond pure dollars and became clear when the […]
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 […]
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 […]
Blackboard Inc.: The Rise of the New “Online Learning” and the Race for Profits
In organizing the resignation of University of Virginia President Theresa Sullivan, Rector Helen E. Dragas may have expressed the concerns of many higher education boards of directors about the impact and effective use of education technology. Other Presidents and Chancellors may now have a similar career-threatening incentive. History in technology suggests a wave of implementation […]