At 2i we read a wide range of financial resources, from the standard print media to the blogosphere to subscription databases. Depending on what you read and who you follow, there seems to be some consensus that the general economy may have bottomed, and although it may be a long tunnel, there could be some light at the end of it in Q4-2009 and Q1-2010. The Dow Jones Industrial Average, a leading economic indicator, is only down 3.5% since the beginning of the year. The unemployment rate, a lagging indicator, continues to rise to 8.9% currently. While the broad economy is a fundamental driver of the internet industry, we like to maintain our focus on the Internet-Reliant industry.
We’re posting four blogs over the next few days on the Q-1 State of the Internet Industry. Once all the blogs are posted, we’ll put them all into a PDF document and include it on our Reports page.
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Along with tracking stocks by functional category (i.e. applications, content/media, merchandising), we’re in the process of selecting companies to track by vertical. Regular readers of 2i will know that we pay particular attention to the eHealth, eGov, and eLearning industries. One eHealth company we will be tracking is BioClinica, which announced on May 5 that it signed an agreement to acquire eTrials Worldwide, Inc.
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Blackboard’s acquisition of ANGEL Learning further solidifies its commanding position as the leading Learning Management System (LMS) provider in the market. For the roughly $95M cash and stock that Blackboard (NASDAQ: BBBB – $29.16) paid for ANGEL, they acquired a rapidly growing, well-regarded competitor. But the market does not seem to like the deal – shares are off nearly 12% since the announcement. What is the motivation for this acquisition?
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Please click here to see the press release.
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