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Class Technologies Closes Acquisition Of Blackboard Collaborate

Jun 30, 2022•about 3 years ago

Acquiring Company

Class Technologies

Acquired Company

Blackboard Collaborate

Washington

Description

Class Technologies Inc., a leader in synchronous virtual learning, today announced it has closed on the acquisition of Blackboard Collaborate. Prior to the acquisition by Class, Blackboard Collaborate was part of the Anthology product suite, following Anthology's merger with Blackboard last year.

Company Information

Company

Class Technologies

Location

Washington, United States

About

Class is software developed by Class Technologies Inc., a company founded by education software pioneer Michael Chasen. Class adds teaching and learning tools to Zoom and makes the virtual classroom feel like a real classroom. It helps teachers take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, talk one-on-one with a student, and more. Class is headquartered in Washington, DC with staff around the world. Schedule a demo at class.com and follow us on Instagram and Twitter at @WeAreClassTech. Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its product Class are not sponsored, endorsed, or otherwise affiliated with Zoom. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies. The information included herein is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any fund, including SVF 2. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed