Deals
Activist Investor Calls for Sale of Software Maker Instructure
- Investor says Canvas business could be worth $2.5 billion
- Praesidium’s Oram says dozens of potential buyers identified
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Activist investor Praesidium Investment Management Co. has joined a push for education software company Instructure Inc. to explore a sale.
The New York-based hedge fund has identified dozens of strategic and private equity buyers that might be interested in the company’s learning management platform, Canvas, said Kevin Oram, Praesidium’s co-founder and managing partner. Canvas, which owns about 38% of the market now, could be worth $2.5 billion, he said.