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Online Learning News and Research
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Wednesday, October 24, 2001
http://chronicle.com/free/2001/10/2001102401u.htm 3 Companies That Sell Course Software Say They Are Raking in Money By MICHAEL ARNONE The top three providers of course-management software -- Blackboard, eCollege, and WebCT -- have either seen their first profits or soon will, their chief officers announced Tuesday. Blackboard saw its first profits in September, said Matthew S. Pittinsky, the company's chairman. Oakleigh Thorne, eCollege's chairman and chief executive officer, said the company expects to be in the black in the first quarter of next year. WebCT forecasts it will turn a profit sometime next year, said Peter Segall, the executive vice president for information and management practice at the company....
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