Completes the Acquisition of Blackboard Collaborate

IBL News | New York will be the new proprietor of Blackboard Collaborate, once the transaction process is completed this week.

Class Technologies ( acquired the virtual conferencing tool from Anthololgy, paying $210 million last May.

The tool will be renamed Class Collaborate. About 1,750 educational institutions and organizations were using it as Blackboard’s clients.

Michael Chasen, co-founder and CEO of Class and former CEO of Blackboard, announced that the tool will be changing with new features. “Educators and learners expect innovative and advanced solutions that enhance the online and hybrid learning experience,” he said.