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Blackboard Sells Campus Services Unit

March 8, 2019
 
 

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.

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