Blackboard Buys Elluminate, Wimba in Nine-Figure Deal

Jul 13, 2010


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Blackboard Inc. entered into an agreement to acquire learning and collaboration technology providers Elluminiate Inc. and Wimba Inc. Elluminate and Wimba, which serve 2,600 educational institutions between them, between them, were purchased for the combined price of $116 million in cash.

Technology from Elluminate and Wimba will be incorporated into a new standalone collaboration platform, Blacboard Collaborate, designed to facilitate greater collaboration and synchronization in the educational space.

(www.blackboard.com; www.wimba.com; www.elluminate.com)