Milbank LLP advised Veritas Capital, a longstanding investor in companies operating at the intersection of technology and government, and its portfolio company, Anthology, in connection with the successful merger of Anthology and Blackboard, a leading global EdTech software and solutions company.
The merger of Blackboard and Anthology, a leading provider of enterprise software and solutions around enrollment management, student engagement, alumni fundraising and institutional effectiveness, will create a comprehensive and modern EdTech ecosystem across academic, administrative and student engagement applications.
The parent company of the newly combined organization will be Anthology, with the Blackboard name continuing as an integral part of its brand portfolio.
Led by Chairman and Chief Executive Officer Jim Milton, a team of top-tier executives has been identified across both organizations to lead the combined company. The company's headquarters will be in Boca Raton, Florida. The company also will maintain its global facility footprint, including its main Blackboard office in Reston, Virginia.
The Milbank deal team was led by Global Corporate partners Richard Presutti and Iliana Ongun, along with associate Lowell Dyer. The team also included Global Capital Markets partner Antonio Diaz-Albertini, Executive Compensation and Employee Benefits partner Mike Shah and Tax partner Max Goodman.
