Wednesday, July 07, 2010

Blackboard buys Elluminate and Wimba

According to an article by By Kathy Shwiff of Dow Jones Newswires, "Blackboard Inc. (BBBB) said it agreed to acquire Elluminate Inc. and Wimba Inc., both providers of technology to the education market, for a total of $116 million in cash." Shwiff reports:

President and Chief Executive Michael Chasen said Elluminate's and Wimba's technologies are expected to grow "as institutions look for cost-effective ways to encourage social learning and support learning interactions of all kinds."

The two companies serve more than 2,600 institutions in U.S., international and professional education markets. [Read More]

According to a report by David Nagel of THE Journal, "Elluminate and Wimba products will continue to be shipped and supported without change for the foreseeable future," [Read More]

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