[corporate press release] Blackboard, Formerly Anthology, Emerges Debt-Free and Focused on Enabling Transformational Teaching and Learning
Blackboard to operate on a stand-alone, debt-free basis following completion of recapitalization
Bruce Dahlgren to continue as CEO; Dr. Matthew Pittinsky to re-join as CEO at a future date
Anthology (the “Company”), a leading software as a service (“SaaS”) educational technology provider, announced today that it has successfully emerged from Chapter 11 to finalize its financial restructuring process, completing a comprehensive recapitalization. Rebranded as Blackboard, the Company’s core Teaching & Learning business (comprised of Blackboard LMS, Ally, Illuminate, Evaluate, and Institutional Effectiveness solutions) will operate on a stand-alone, debt-free basis that positions the new Blackboard to focus on transformational teaching and learning.
@agoldst 😂