"After years of chasing growth through mergers and acquisitions, the education-technology behemoth Anthology Inc. has more than $1 billion in debt and declared Chapter 11 bankruptcy last week. The breakup of this big company isn't expected to affect institutions that contract with Anthology, since it's spinning off its products to other buyers. But it's the latest sign of a changing education-technology market that's resetting in the years after the pandemic spurred low interest rates and boosted interest in online education."
"Market analysts say they aren't particularly surprised by Anthology's unraveling, which was driven by the company's incorrect speculation that colleges and universities would want to buy its entire suite of software products and services. That included its learning management, student information and customer relationship management systems. "Anthology assumed that by combining the LMS, SIS and CRM that they would get a lot more cross-selling," said Phil Hill, an education-technology market analyst, told I"
Anthology Inc. has more than $1 billion in debt and filed for Chapter 11 bankruptcy. The company is spinning off products to buyers so contracted institutions should not be affected. Oaktree Capital Management and Nexus Capital Management are providing $50 million to support Anthology’s focus on Blackboard, the learning management system acquired in 2021. Anthology is selling its enterprise operations, life-cycle engagement, and student success businesses, with Encoura and Ellucian lined up as stalking-horse bidders. Bruce Dahlgren said a recapitalized Teaching & Learning platform can invest in capabilities and drive efficiency to deliver better student outcomes. Analysts attribute the collapse to failed cross-selling assumptions about bundling LMS, SIS, and CRM.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
Unable to calculate read time
Collection
[
|
...
]