Thursday, July 08, 2010
Blackboard to purchase Elluminate and Wimba
Blackboard Inc. yesterday announced plans to buy Elluminate and Wimba. Both companies sell products that support online videoconferencing and audioconferencing in support of online learning and student collaboration. The purchase is awaiting approval by the boards of both companies. Blackboard plans to pay a total of $116-million for the pair.
There is a detailed description of the planned purchase here. Blackboard promises continued support for both products. "We’ll honor all existing contracts for Elluminate and Wimba clients," the company adds in the fact sheet.
Posted by David Booker at 8:01 AM