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Blackboard, the learning management system company, has signed an agreement to sell its Transact business, which helps institutions with campus identification systems and other technology infrastructure.
The Phoenix-based Transact provides services including "campus access, mobile credentials, stored value and point-of-sale solutions, security management, attendance automation, events authorization, electronic tuition payments, and bookstore management," according to the press release announcing the sale. Transact was sold to a private investment firm that will operate it as an independent business.
Blackboard, meanwhile, plans to focus on growing its higher education learning platforms. Blackboard currently sits at a close second place for U.S. market share among higher education institutions.
The transaction will be complete by the end of June, according to the release.
