Dubai, United Arab Emirates – Class Technologies Inc., a leader in synchronous virtual classroom space, and Anthology, a provider of education solutions that support the entire learner lifecycle, announced today today signed a definitive agreement for Class to acquire Anthology’s Blackboard Collaborate virtual classroom. tool.
Anthology’s Blackboard Collaborate is a leader in the synchronous virtual classroom space with deep integration into Blackboard Learn Ultra, serving over 10 million users at over 1,300 institutions in over 75 countries around the world. Class brings the classroom online by adding teaching and learning tools to the Zoom platform, which is used by hundreds of thousands of institutions and businesses around the world. Together, Class and Blackboard Collaborate will serve more than 1,750 institutions representing higher education, K-12, and corporate learning and development teams around the world.
“COVID has forced millions of learners and instructors online overnight and fundamentally changed the face of education and training,” said Michael Chasen, co-founder and CEO of Class. “At Class, our vision is to change the way the world learns – both in education and in the workplace. Bringing these two products and teams together enables us to deliver the virtual learning environment and next generation hybrid, better, faster and stronger than we could as two separate entities.”
This transaction will allow Anthology to focus more resources on accelerating innovation within its flagship learning management system, Blackboard Learn Ultra, and other areas of the business where Anthology holds a position. unique to support the global education community.
“Learner expectations have shifted, and education is experiencing transformational change that calls for a refocus on educational best practices,” said Jim Milton, president and CEO of Anthology. “This strategic partnership allows us to leverage our momentum and deep investment in Learn Ultra and expand the impact it can have across more learning environments for our customers, driving learner success. and establishments. It will also give us the opportunity to partner more broadly with other synchronous providers in the EdTech ecosystem. »
Class Technologies will continue to provide full support to Class customers for Zoom and Blackboard Collaborate. The companies will also partner to establish tight integration between Blackboard Learn and Class to promote student success. The future combination will bring together the best of both products:
Class brings its expertise in leveraging the scalability of Zoom and the extensibility of the Zoom SDK to create large, stable, synchronous video experiences enriched with teaching and learning tools.
Blackboard Collaborate brings industry-leading integration with Blackboard Learn and a broad user base to help shape and guide future product development.
With the addition of the Blackboard Collaborate team, Class will bring together industry-leading teams of educators and technologists to create the next-generation learning platform for hybrid, hyflex, and online learning.
Class will become Blackboard’s preferred virtual meeting technology partner.
Class raised a combination of equity and debt from new and existing investors to fund the acquisition, including SoftBank Vision Fund 2, Insight Partners, Salesforce Ventures, Owl Ventures, Emergence Capital, Educational Testing Services (ETS), Arizona State University (ASU), Maven Ventures, Revolution’s Rise of the Rest Fund, SWaN & Legend, Chimera Investment, Sound Ventures, Catalysis Capital Management, Guy Oseary, Bill Tai, and Super Bowl champion and entrepreneur Tom Brady.
The transaction, which is subject to customary conditions and approvals, is expected to close in the second quarter of 2022. Blackboard Collaborate became part of the Anthology product suite following the company’s merger with Blackboard last year. Post-closure, Blackboard Collaborate will be known as Class Collaborate. A number of Anthology employees who currently support Blackboard Collaborate are expected to join Class. Until then, the two companies will continue to operate as usual and as separate entities.
To learn more about the proposed combination of Class and Blackboard Collaborate, please learn more at www.class.com/collaborate
About Class Technologies Inc.
Class is software developed by Class Technologies Inc., a company founded by educational software pioneer Michael Chasen. The class adds teaching and learning tools to Zoom. It helps instructors to take attendance, distribute homework, give quiz or test, grade work, review exams, talk one-on-one with student, track student progress , and more on the Zoom platform. The class is based in Washington, DC with staff around the world. Schedule a demo on class.com and follow us on Instagram, Twitter and TikTok at @WeAreClassTech.
About the anthology
Anthology offers the world’s largest EdTech ecosystem for education, recently partnering with Blackboard to support over 150 million users in 80 countries. With a mission to deliver dynamic, data-driven experiences to the global education community, Anthology helps learners, leaders, and educators achieve their goals through more than 60 SaaS products and services designed to advance education. ‘learning. Find out how we fulfill our mission for K-12, higher education, business and government institutions at www.anthology.com.
Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its class of products are not sponsored, endorsed or otherwise affiliated with Zoom.