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Instructure
American technology company From Wikipedia, the free encyclopedia
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Instructure Holdings, Inc. is an educational technology company based in Salt Lake City, Utah, United States. It is the developer and publisher of Canvas, a web-based learning management system (LMS).
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The company was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley.[3] Its initial funding came from Mozy founder Josh Coates, who served as Instructure's CEO from 2010 to 2018 and chairman of the board through 2020.[4]
In December 2010, the Utah Education Network (UEN), a representative of a number of Utah colleges and universities, announced that Instructure would be replacing Blackboard.[5] By 2013, the company's customer base had increased to 9 million users.[6]
In 2011, Instructure launched Canvas, a learning management system.[7] The company announced that Canvas would be made freely available under an Affero General Public License (AGPL) license as open-source software.[8][9][10] Canvas became available on iOS in 2011, and on Android in 2013.[11] As of 2020, Canvas was used in approximately 4,000 institutions worldwide.[12]
In 2015, Instructure launched Bridge, a cloud-based corporate learning management system.[13] It was acquired by Learning Technologies Group (LTG) in 2021.[14]
As of 2015, the company had raised $90 million in funding from investors.[15] On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange.[16]
In 2020, Thoma Bravo acquired the company for $2 billion.[17] In June 2021, Instructure again filed for an IPO,[18] and began trading under the symbol INST.[19]
In 2024, it was announced that KKR and Dragoneer had completed their purchase of the company for $4.8 billion.[20]
In 2024, Instructure announced the acquisition of Parchment, a credential management platform.[21]
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