Library Technology Guides

Current News Service and Archive

March 24, 2020

Instructure Thoma Bravo Completes Acquisition of Instructure. Thoma Bravo, LLC, a leading private equity firm focused on the software and technology-enabled services sectors, and Instructure announced today that they have completed a transaction in which Thoma Bravo has acquired Instructure in an all-cash transaction that valued the company at an aggregate equity value of approximately $2 billion. With the completion of the acquisition, Instructure's common stock ceased trading and the company is no longer listed on the New York Stock Exchange. [Full Announcement].

December 4, 2019

Instructure Instructure enters into a definitive agreement to be acquired by Thoma Bravo. Instructure announced that it has agreed to be acquired by Thoma Bravo, a leading private equity investment firm, in an all-cash transaction that values Instructure at an aggregate equity value of approximately $2 billion. As part of the terms of the agreement, Instructure stockholders will receive $47.60 in cash per share. The price per share represents an 18% premium to the Company's 3-month volume-weighted average price as of October 27, 2019, the day prior to the Company's third quarter earnings call at which it announced a strategic review for its Bridge business. [Full Announcement].

February 19, 2015

Instructure Instructure Secures $40 Million in a Pre-IPO Series E Round. Instructure, a software-as-a-service company that created the Canvas learning management system, today announced it has raised $40 million in a Series E round of funding. The pre-IPO investment is led by Insight Venture Partners with Bessemer Venture Partners and EPIC Ventures participating. The investment will finance the launch of Bridge, a cloud-based corporate learning and engagement platform that signals Instructure's expansion into the learning segment of the enterprise market. [Full Announcement].