Blackboard’s VP of Teaching and Learning, Valerie Schreiner, was kind enough to give Phil and me a fairly thorough update on the Ultra strategy on Wednesday. Their strategy is clearer to me now. That strategy, which I am about to share with you, is fairly coherent, reasonably interesting, and practically plausible in principle. There are still big execution questions that won’t be answered until we see what is released at BbWorld and talk to some customers. (More on this later.) But at least we have a better sense of what they are trying to do now.
We don’t usually spend this much sustained time focusing on one company and product, but since we are getting a lot of feedback from readers that it is helpful and timely for them, and since Blackboard has been extremely responsive in providing us with clarifications, we’re going to stay on this one until we feel that it’s been adequately covered.