News: Blackboard CEO Resigns

Blackboard announces that CEO Michael Chasen, who co-founded the company, will resign in December. From a post in the EdWeek blog:

Since being purchased in July 2011 for $1.6 billion by private-equity firm Providence Equity Partners, Blackboard, based in Washington, D.C., has been through a series of dramatic changes, perhaps culminating in Chasen’s exit.

In February, William Raduchel stepped down from Blackboard’s board of directors citing disagreements with the company’s direction. In March, the company surprised the education-technology world by acquiring Moodlerooms and NetSpot, two companies that built learning-management systems and provided services around the open-source (free and open to outside developers) Moodle software. Both of those companies were seen as competitors to Blackboard, which was not viewed as being friendly to the open-source software community.

I am not sure what this means for Blackboard or the broader LMS market, but it will be no doubt be interesting to watch what happens next.

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