Instructure

{{Infobox company

| name = Instructure, Inc.

| logo = 2019_InstructureLogoHorizontal_Color.svg

| image_alt = Educational Technology Company

| type = Private

| traded_as = {{NYSE was|INST}}

| location_city = Salt Lake City, Utah

| hq_location_country = United States

| num_locations = 7

| foundation = {{Start date and age|2008}}

| founder = Brian Whitmer and Devlin Daley

| area_served = Worldwide

| key_people = {{Plainlist|

Steve Daly
(CEO)

}}

| num_employees = 1,466 (2022){{cite web | url=https://s28.q4cdn.com/381552498/files/doc_financials/annual/2022/INST-2022-10-K-wrap-eBook.pdf | title=Instructure 2022 Annual Report | access-date=March 6, 2024}}

| revenue = $475.2 million (2022){{cite web |url=https://craft.co/instructure |title=Instructure Company Profile |work= Craft |access-date=September 8, 2023}}

| homepage = {{URL|https://instructure.com/}}

| industry = Educational Technology
Learning Management Systems
Assessment Management Systems
Assessment

| products = Canvas, Catalog, Studio, Portfolium, MasteryConnect, Videri, CASE Benchmarks and Item Bank, Navigate Item Bank, Academic Benchmarks, Certify, DataConnect, Program Assessment, Pathways, Canvas for Corporate Education|

}}

{{Infobox software

| name = Canvas

| logo =

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| screenshot alt = The interface of Canvas

| caption = The interface of Canvas

| collapsible =

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| developer = Instructure

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| programming language = Ruby on Rails

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| license = AGPLv3

| alexa =

| website = https://www.instructure.com/canvas

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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).

History

The company was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley.{{Cite web |last=Kim |first=Joshua |title=An Instructure Canvas LMS Timeline |url=https://www.insidehighered.com/blogs/technology-and-learning/instructure-canvas-lms-timeline |access-date=2025-03-17 |website=www.insidehighered.com |language=en}} 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.{{cite web |last1=Neely |first1=Karissa |title=Instructure CEO change, Survey shows affordable housing concern, Powerful U Experience event |url=https://www.heraldextra.com/business/local/instructure-ceo-change-survey-shows-affordable-housing-concern-powerful-u/article_756e5fc3-af52-5db4-b1fb-36c50deaba9b.html |website=The Daily Herald |access-date=25 January 2019 |archive-date=31 October 2018 |archive-url=https://web.archive.org/web/20181031201759/https://www.heraldextra.com/business/local/instructure-ceo-change-survey-shows-affordable-housing-concern-powerful-u/article_756e5fc3-af52-5db4-b1fb-36c50deaba9b.html |url-status=dead }}

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.{{cite web|url=http://www.uen.org/news/article.php?id=190|title=New Statewide Learning Management System Selected|work=UEN News|publisher=Utah Education Network|date=December 14, 2010|access-date=June 14, 2017}} By 2013, the company's customer base had increased to 9 million users.{{cite web|last=Empson|first=Rip|title=With 4.5M Users, Instructure Takes On The Courseras & Udacities Of The World With Its Own Open Course Network|date=November 2012 |url=https://techcrunch.com/2012/10/31/instructure-canvas-network/|publisher=TechCrunch}}

In 2011, Instructure launched Canvas, a learning management system.{{Cite web |last=Tate |first=Emily |date=2018-07-16 |title=How Canvas came to unseat Blackboard as the leading LMS |url=https://edscoop.com/how-canvas-came-to-unseat-blackboard-as-the-leading-lms/ |access-date=2025-03-17 |website=EdScoop |language=en-US}} The company announced that Canvas would be made freely available under an Affero General Public License (AGPL) license as open-source software.{{cite web|url=https://techcrunch.com/2011/01/31/instructure-blackboard-universities-coates/|title=Instructure Launches To Root Blackboard Out Of Universities|author=Michael Arrington|date=January 31, 2011|work=TechCrunch.com|publisher=Interserve dba TechCrunch|access-date=February 22, 2011}}{{cite web|url=http://chronicle.com/blogs/wiredcampus/upstart-course-management-provider-goes-open-source/29391|title=Upstart Course-Management Provider Goes Open Source|author=Josh Keller|date=January 31, 2011|work=Wired Campus|publisher=The Chronicle of Higher Education|access-date=February 22, 2011}}{{cite web|url=http://www.zdnet.com/blog/education/there-are-alternatives-to-blackboard-and-moodle-instructure-canvas-goes-open-source/4475|archive-url=https://web.archive.org/web/20110204192154/http://www.zdnet.com/blog/education/there-are-alternatives-to-blackboard-and-moodle-instructure-canvas-goes-open-source/4475|url-status=dead|archive-date=February 4, 2011|title=There are alternatives to Blackboard and Moodle: Instructure Canvas goes open source|author=Christopher Dawson|date=February 1, 2011|work=ZDNet Education|publisher=CBS Interactive|access-date=February 22, 2011}} Canvas became available on iOS in 2011, and on Android in 2013.{{cite web |title=Instructure Releases Canvas for Android |url=https://www.instructure.com |url-status=dead |archive-url=https://web.archive.org/web/20180208123437/https://www.instructure.com/ |archive-date=8 February 2018 |access-date=7 February 2018 |website=canvaslms}} As of 2020, Canvas was used in approximately 4,000 institutions worldwide.{{Cite web |date=2018-10-24 |title=Why Colleges and Universities Are Adopting Canvas |url=https://news.elearninginside.com/why-colleges-and-universities-are-adopting-canvas/ |access-date=2020-09-02 |website=eLearningInside News}}

In 2015, Instructure launched Bridge, a cloud-based corporate learning management system.{{cite web |author=Buhr, Sarah |date=2015-02-18 |title=On The Way To An IPO, Education Technology Startup Instructure Is Close To Raising A Big New Round |url=https://techcrunch.com/2015/02/18/on-the-way-to-an-ipo-education-technology-startup-instructure-is-close-to-raising-a-big-new-round/ |publisher=TechCrunch}} It was acquired by Learning Technologies Group (LTG) in 2021.{{Cite web |date=2021-06-28 |title=Behind the Deal: Why LTG acquired Bridge |url=https://www.ltgplc.com/news/behind-the-deal-why-ltg-acquired-bridge/ |access-date=2022-08-20 |website=Learning Technologies Group plc |language=en-US}}

As of 2015, the company had raised $90 million in funding from investors.{{cite web | url=https://www.edsurge.com/n/2015-02-24-headed-for-ipo-and-corporate-users-instructure-s-next-move | title=Instructure Plots Path to IPO, Corporate Customers After $40M Series E | publisher=Edsurge | date=2015-02-24 | author=Locke, Charley}} On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange.{{cite web | url=http://www.thestreet.com/story/13365356/1/instructure-ipo-debuts-on-nyse-with-double-digit-gain.html | title=Instructure IPO Debuts on NYSE With Double-Digit Gain | publisher=TheStreet | date=2015-11-13 | author=Schaffler, Rhonda}}

In 2020, Thoma Bravo acquired the company for $2 billion.{{Cite news |title=Instructure files for U.S. IPO after 2020 take-private deal with Thoma Bravo |url=https://www.reuters.com/technology/thoma-bravo-backed-instructure-files-us-ipo-2021-06-28/ |archive-url=http://web.archive.org/web/20230424050527/https://www.reuters.com/technology/thoma-bravo-backed-instructure-files-us-ipo-2021-06-28/ |archive-date=2023-04-24 |access-date=2025-03-17 |work=Reuters |language=en-US}} In June 2021, Instructure again filed for an IPO,{{cite web |last1=Bamforth |first1=Emily |title=Instructure, creator of Canvas, files for initial public offering |url=https://edscoop.com/instructure-canvas-initial-public-offering/ |website=edscoop.com |date=28 June 2021 |publisher=Scoop News Group |access-date=14 July 2021}} and began trading under the symbol INST.{{Cite web |last1=Saleh Rauf |first1=David |url=https://marketbrief.edweek.org/marketplace-k-12/another-education-company-goes-public-instructure-ipo-gives-ed-tech-firm-2-9-billion-valuation/ |website=marketbrief.edweek.org |date=4 July 2021 |title=Another Education Company Goes Public: Instructure IPO Gives Ed-Tech Firm $2.9 Billion Valuation |access-date=24 January 2023}}

In 2024, it was announced that KKR and Dragoneer had completed their purchase of the company for $4.8 billion.{{Cite web|url=https://www.pehub.com/kkr-and-dragoneer-complete-4-8bn-take-private-acquisition-of-edtech-firm-instructure/|title=KKR and Dragoneer complete $4.8bn take-private acquisition of edtech firm Instructure|work=PE Hub|date=14 November 2024 |access-date=2024-11-21|language=en}}

In 2024, Instructure announced the acquisition of Parchment, a credential management platform.{{Cite web |date=July 25, 2024 |title=KKR to take edu-tech firm Instructure private for $4.8 billion |url=https://www.reuters.com/markets/deals/kkr-take-edu-tech-firm-instructure-private-48-billion-2024-07-25/ |website=Reuters}}