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Blackboard Inc. (NASDAQ:BBBB) CEO Michael Chasen talks about the latest deal activity in online education in this episode of The Deal's Behind the Money video show.
Blackboard announced it is buying privately-held Angel Learning for $95 million. The news came late Wednesday, when the company reported its earnings, which beat analysts' predictions slightly.
Other recent deals that demonstrate just how hot the education market is include successful IPOs of private equity-backed Rosetta Stone Inc. (NYSE:RST) and venture capital-backed Bridgepoint Education Inc. (NYSE:BPI) in April and Grand Canyon Education Inc. (NASDAQ:LOPE) in November.