July 5, 2011
Blackboard, maker of the dominant online learning platform among nonprofit colleges, has been sold to Providence Equity Partners, the company announced on Friday. The announcement prompted hand-wringing from campus technology officials and reassurances from Blackboard that there are no significant changes in the offing.
“We have some concerns,” says Sam Segran, chief technology officer at Texas Tech University. “Any time somebody goes into private equity, one of the concerns we have is profit motivation and less motivation in terms of meeting educational needs.”