Instructure Holdings, Inc. is an

educational technology Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning and teaching. When referred to with its abbreviation, "EdTech" ...

company based in

Salt Lake City Salt Lake City, often shortened to Salt Lake or SLC, is the capital and most populous city of the U.S. state of Utah. It is the county seat of Salt Lake County, the most populous county in the state. The city is the core of the Salt Lake Ci ...

, Utah, United States. It is the developer and publisher of Canvas, a web-based learning management system (LMS).

History

The company was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley. 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. In December 2010, the

Utah Education Network The Utah Education Network (UEN) is a broadband and digital broadcast network serving public education, higher education, applied technology campuses, libraries, and public charter schools throughout the state of Utah. The Network facilitates inte ...

(UEN), a representative of a number of Utah colleges and universities, announced that Instructure would be replacing

Blackboard A blackboard or a chalkboard is a reusable writing surface on which text or drawings are made with sticks of calcium sulphate or calcium carbonate, better known as chalk. Blackboards were originally made of smooth, thin sheets of black or da ...

. By 2013, the company's customer base had increased to 9 million users. In 2011, Instructure launched Canvas, a learning management system. The company announced that Canvas would be made freely available under an

Affero General Public License The GNU Affero General Public License (GNU AGPL) is a free, copyleft license published by the Free Software Foundation in November 2007, and based on the GNU GPL version 3 and the ''Affero General Public License'' (non-GNU). It is intended for ...

(AGPL) license as

open-source software Open-source software (OSS) is Software, computer software that is released under a Open-source license, license in which the copyright holder grants users the rights to use, study, change, and Software distribution, distribute the software an ...

. Canvas became available on iOS in 2011, and on Android in 2013. As of 2020, Canvas was used in approximately 4,000 institutions worldwide. In 2015, Instructure launched Bridge, a cloud-based corporate learning management system. It was acquired by Learning Technologies Group (LTG) in 2021. As of 2015, the company had raised $90 million in funding from investors. On November 13, 2015, the firm began trading as a publicly held company on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. In 2020,

Thoma Bravo Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130billion in assets under management . It ...

acquired the company for $2 billion. In June 2021, Instructure again filed for an IPO, and began trading under the symbol INST. In 2024, it was announced that KKR and Dragoneer had completed their purchase of the company for $4.8 billion. In 2024, Instructure announced the acquisition of Parchment, a credential management platform.

References

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External links

Official website
2008 establishments in Utah 2015 initial public offerings 2019 mergers and acquisitions 2024 mergers and acquisitions American companies established in 2008 Companies based in Salt Lake City Companies formerly listed on the New York Stock Exchange Education companies established in 2008 Educational software companies Educational technology companies of the United States Learning management systems Learning management systems Software companies based in Utah Software companies established in 2008 Software companies of the United States Virtual learning environments Thoma Bravo companies

History

See also

References

External links