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Blackboard to Sell Open LMS Product for $31.7 Million

Edsurge

LTG bought the company to grow its presence in the market of LMS software built off Moodle, launched in 2002 as a grassroots, open-source and more affordable option to Blackboard. The company has 733 clients on Learn and 259 clients on Learn Ultra, and claims to serve 100 million users worldwide.