E-Learning Service Leaders Blackboard and WebCT Merge

Blackboard (http://www.blackboard.com) and WebCT (http://www.webct.com), the two leading providers of course management software for e-learning services to the education market, announced plans to merge their companies. The merger is expected to be finalized later this year or early next year, provided the companies pass regulatory and other approvals. The combined company will be named Blackboard and will be led by Blackboard’s current president and CEO, Michael Chasen...