Instructure to Leave Corporate LMS Market with Sale of Bridge -- Campus Technology
By Dian Schaffhauser 02/23/21 Instructure is selling the corporate side of its learning management system business for $50 million. The buyer will be Learning Technologies Group plc (LTG), a UK company with multiple businesses that produce services and technologies for digital learning and talent management. The Bridge software-as-a-service platform provides functionality for managing learning, performance and skills development. While the division generated $21 million for Instructure in the last fiscal year, it saw a loss of $1.3 million during the same period. According to the companies, t...