A dose of Moodle reality by Matt Bury
Blackboard was bought out by Providence Equity Partners venture (vulture?) capitalists, who specialise in leveraged buyouts, last year. Presumably they borrowed the $1.64 billion they paid and need to see a significant return on that ASAP. Leveraged buyouts are usually about a fast turnaround and how to extract the biggest possible return in the shortest possible time regardless of the long-term outcomes. If they destroy Moodle and/or Blackboard in the process, that’s just business.