I won't do too much post-mortem on the end of Blackboard, but I would like to reference Phil Hill's post, since he has paid more attention to companies like Blackboard over the years than most. "Today's news has the potential to be the latest nonlinear impact on the LMS market," he writes, "and it matters." Hill isn't crystal clear about why it matters, but I extract from Blackboard CEO Bill Ballhaus' blog post (quoted by Hill) this telling snippet: "Combining the two companies... will enable us to break down data silos, and surface deeper insights about the learner so we can deliver unmatched personalized experiences across the full learner lifecycle."
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