WebCT bought by e-learning competitor Blackboard

Blackboard Inc. plans to acquire WebCT, Brown's course-management software provider, in a $180 million transaction that will create an e-learning powerhouse serving more than 3,700 clients. The announcement was made Oct. 12.
According to the firm's Web site, the company, which will use Blackboard's name, eventually plans to provide one "new, standards-based product set that incorporates the best features of each company's product line." This combined platform will be accessible to both current Blackboard and WebCT clients through future upgrades. More...