BOCA RATON, Florida and RESTON, Virginia, 25 October 2021 / PRNewswire / – Anthology, a leading provider of higher education software solutions that support the entire learner lifecycle, and Blackboard Inc., one of the world’s leading EdTech software and solutions companies, today completed the previously announced merger.
By bringing Blackboard and Anthology together, the combination will create the world’s most comprehensive and modern EdTech ecosystem for education. The company is uniquely positioned to enable deeper insight into the learner so that institutions can deliver unparalleled personalized experiences and outcomes throughout the learner lifecycle.
The parent company of the new merged organization will be Anthology, with the Blackboard name continuing to be an integral part of its brand portfolio. The Anthology brand represents the collection of the best and signifies the continued focus on creating the next chapter of EdTech. The company will leverage its position as a global leader – with more than 150 million users in 80 countries – and a comprehensive portfolio of innovative solutions, to enable institutions to remove historic barriers between administrative and learning ecosystems and drive success. learners and institutions.
Led by the President and CEO Jim milton, a senior management team has been identified in both organizations to lead the combined business. The company’s head office will be at Boca Raton, Florida. The company will also maintain the footprint of its global facilities, including Blackboard’s main office in Reston, Virginia.
“Closing the deal represents the next chapter for Anthology and Blackboard as our collective offerings can deliver unparalleled personalized experiences and insights throughout the learner lifecycle,” said Milton. “Our vast set of combined capabilities – including teaching and learning, student information systems, enterprise resource planning, community engagement, student success, and student engagement – will provide our customers with a full suite of enterprise-level products and services that enable institutions to focus not only on data-driven decisions, but completely transform student and institution success . “
Customers in higher education, K-12 schools, government and business sectors of the combined companies will benefit from:
- Accelerated investments and innovation in current solutions: Anthology will continue to support the solutions of both companies with key strategic investments and with a focus on accelerating innovation. He will also ensure that the different solutions fit into a heterogeneous EdTech ecosystem.
- The world’s largest modern EdTech ecosystem and an extensive portfolio of solutions: Customers will have access to an expanded product portfolio and global reach to meet the learning and administration needs of institutions.
- A commitment to confidentiality, security and openness: Ensuring the privacy and security of customer data is a fundamental tenet and the combined company will continue to uphold high standards of privacy globally. The combined company believes openness is a critical element for innovation and will continue to integrate and connect with other solutions.
“With this combination, Anthology is poised to accelerate the data-driven higher education ecosystem that the market demanded,” said Ramzi musallam, CEO and Managing Partner of Veritas Capital. “Under the direction of Jim milton and the company’s proven senior leadership team, Anthology will serve as an industry force to improve student and institutional outcomes and ensure the advancement of connected knowledge. “
The combined entity is majority owned by Veritas Capital (“Veritas”), a longtime technology investor focused on companies operating at the intersection of technology and government. Leeds Equity Partners (“Leeds“), a private equity firm focused exclusively on partnering with companies in knowledge industries, owns a minority stake in the company as well as Providence Equity Partners LLC (“Providence“), the former majority owner of Blackboard.
Milbank LLP acted as legal counsel to Anthology and Veritas. Deutsche Bank acted as financial advisor to Blackboard, and Weil, Gotshal & Manges LLP acted as legal advisor to Blackboard. Debevoise & Plimpton LLP acted as legal counsel to Providence.
Anthology exists to help higher education advance and thrive using modern cloud technology and services that keep the learner at the forefront. Powered by a fully connected data experience, Anthology solutions create operational efficiencies, deliver insights to staff and administrators, and empower institutional leaders to support and guide students on the path to success.
The full suite covers admissions and enrollment management; student success and retention; institutional and learning effectiveness; alumni and advancement; and enterprise applications and infrastructure, providing solutions to the challenges facing campuses today. Working with over 2,000 colleges and institutions in over 30 countries, Anthology is constantly discovering new ways to revolutionize higher education. For more information visit www.anthologie.com.
About the blackboard
Blackboard is a leading EdTech company, serving clients in higher education, K-12, businesses and governments around the world. We combine a deep understanding of education with the power of technology to continually push the boundaries of learning. Our mission is to advance learning with the global educational community, so that all learners, educators and institutions can achieve their goals today and prepare for tomorrow. For more information visit www.blackboard.com.
About Veritas Capital
Veritas is a long-time technology investor focused on companies operating at the intersection of technology and government. The company invests in companies that provide essential products, software and services, primarily technology and technology-based solutions, to governments and business customers around the world. Veritas seeks to create value by strategically transforming the companies it invests in through organic and inorganic means.
Leveraging technology to make a positive impact in vitally important areas, such as healthcare, education and national security, is at the heart of Veritas. We are the proud stewards of national assets, improving the quality of healthcare while reducing costs, advancing our education system and protecting our nation and our allies. For more information visit www.veritascapital.com.
About Providence Equity Partners
Providence Equity Partners is a leading global private equity firm with approximately $ 45 billion in aggregate capital commitments. Providence pioneered a sectoral approach to private equity investing with the vision that a dedicated team of industry experts could create exceptional businesses of lasting value. Since the creation of the company in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence has its seat at Providence, RI, and also has offices in new York and London. For more information visit www.provequity.com.
About Leeds Equity Partners
Leeds Equity Partners is a new YorkPrivate equity company based exclusively on partnership with management teams in the education, training and information services sectors (the “Knowledge Industries”). The company was founded in 1993 and currently manages $ 3.9 billion of capital across a wide range of firms within knowledge industries. Leeds Equity seeks to leverage its industry expertise and market knowledge to create long-term value for its partner companies. For more information visit www.leedsequity.com.
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SOURCE Blackboard Inc.