Providence Equity Partners' Blackboard acquires MyEdu
Washington, DC-based Blackboard Inc has bought MyEdu, a company that provides a platform that helps students finish college and look for internships. A worldwide leader in enterprise technology and innovative solutions, Blackboard seeks to improve the experience of learners around the world. It is a portfolio company of private equity firm Providence Equity Partners. The firms did not disclose the terms of the deal.
Based in Austin, Texas, MyEdu has already aided a million students in more than 800 schools manage their college experience, showcase their skills and capabilities and link with potential employers. MyEdu's main offering helps students simplify academic planning and course scheduling, a statement about the deal said. Using the information taken from a database of degrees, courses, schedules and teachers from more than 800 schools, the platform enables them to chart their personal education plan with ease. As more students try to attain their academic goals by taking courses at different institutions, MyEdu makes the complex process of course and degree planning more streamlined.
Through the platform, students are able to create unique profiles containing information about their majors, courses and experiences that highlight their interests and skills. Employers using MyEdu to find talent can find them if students opt to make their profile and data visible. In fact, recruiters from major firms have worked with MyEdu to hire qualified students.
Partnerships have already been established by MyEdu together with the biggest institutions of higher education in the US. This includes the University of Texas System and the University of Louisiana System.
Blackboard Chief Executive Officer Jay Bhatt said in a statement about the deal, "Everyone is looking for ways to help more students obtain degrees more quickly. MyEdu has created user-friendly tools that help students succeed and create a stronger connection between higher education and the workforce. MyEdu is highly complementary to our current solution set and will help us drive more value and a higher quality experience for learners and enable new paths to support student goals. This strengthens the focus we have on learner success, which is a big priority for us going forward."