A New Chapter for Blackboard
Bill Ballhaus,
Blackboard Blog,
Mar 07, 2019
Blackboard is divesting its Transact business line, which includes the Cashnet suite, in order to, it says, focus on "a pure SaaS business model... allowing us to increase capacity for innovation and accelerate bringing new capabilities to market." As CEO Bill Ballhaus writes, "For us at Blackboard, this means a shift from a product mindset where we think about building individual products like a Learning Management System to a cloud-based platform approach, where we bring together a wide range of educational capabilities, and make them available across multiple modalities."
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