Blackboard makes major investment to support online learning in China
Acquisition of CerBibo Enhances Company’s Ability to Invest in One of the World’s Fastest-Growing Markets
Excerpt:
WASHINGTON—November 9, 2011—Blackboard has made a major investment to support online learning in China, by acquiring full ownership of CerBibo, a company that has brought its online learning solution to hundreds of institutions in China, the company announced today. The move enhances the company’s ability to make deeper investments to support greater use of online learning in one of the world’s fastest-growing markets.
Blackboard has seen strong momentum in China with CerBibo, a joint venture launched in 2003 in partnership with CERNET, a public-private organization that provides technology and information services to Chinese education institutions. The venture has brought Blackboard’s online teaching and learning solution to over 270 Chinese higher education and K-12 institutions including Peking University, Renmin University, Sun Yat-Sen University and the China-Europe International Business School (CEIBS).
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