• Educated Buy? Providence Equity Partners To Acquire Blackboard For $1.64 Billion In Cash

    Blackboard, the maker of learning and education software for enterprises and schools, announced Friday that it is being acquired by a group of investors led by Providence Equity Partners, a private equity firm that specializes in media, entertainment, communications and information investments. Providence has also invested in several for-profit educational companies, like Education… Read More

  • Penn Students Leave School to Launch CourseKit With $1 Million Seed Round

    Penn Students Leave School to Launch CourseKit With $1 Million Seed Round

    Three students at the University of Pennsylvania—Joseph Cohen, Dan Getelman, and Jim Grandpre—are quitting school to launch a new education startup called Coursekit, and they’ve raised $1 million in a seed round to do it. (Peter Thiel would be proud). The New York City startup just closed a seed round from Founder Collective, IA Ventures, Shasta Ventures and some… Read More

  • Blackboard Buys Mobile Messaging Company Saf-T-Net For $33 Million

    Blackboard, a company that designs an education software for school groups, has acquired mobile messaging provider Saf-T-Net for $33 million. Saf-T-Net develops AlertNow, which is a mobile messaging technology aimed to the K-12 marketplace. AlertNow’s technology delivers voice, e-mail and emergency SMS messages at a rate up to 2.5 million per hour to parents, students and school… Read More

  • 2tor Raises $20 Million Series B To Go After The High End Of Online Education

    Every year as broadband reaches more people, online education keeps growing and growing. So far, though, most online education focusses on vocational courses, test preparation, or supplemental tutoring. One startup trying to bring entire degree programs online is 2tor, which just closed a $20 million Series B funding at a rumored valuation of around $100 million. Highland Capital Partners… Read More