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Instructure Holdings

#3371

Rank

$3.45B

Marketcap

US United States

Country

Instructure Holdings
Leadership team

Mr. Stephen M. Daly (CEO & Director)

Mr. Dale E. Bowen (Chief Financial Officer)

Mr. Matthew A. Kaminer (Chief Legal, People Officer & Sec.)

Products/ Services
Cloud Management, EdTech, Education, Information Technology, SaaS
Number of Employees
1,000 - 20,000
Headquarters
Salt Lake City, Utah, United States
Established
2008
Company Registration
SEC CIK number: 0001841804
Revenue
100M - 500M
Traded as
INST
Social Media
Overview
Location
Summary
Instructure Holdings, Inc. provides cloud-based learning, assessment, development, and engagement systems worldwide. It offers Canvas Learning Management System that includes assessments, analytics, and learning content for K-12 and higher education institutions; Canvas Studio, an online video platform; Canvas Catalog, a course catalog and registration system; Canvas Assessment, a solution for assessments that include MasteryConnect, a robust student assessment management system, and Certica, which provides assessment content solutions and analytics to inform daily instruction in the classroom and data; Canvas Network that allows access to open online courses; Impact that helps K-12 and higher education institutions to improve technology adoption and evaluate impact of educational technology; and Elevate Data Sync, a solution that allows edtech vendors to share learning data between K-12 and higher education applications. The company was founded in 2008 and is headquartered in Salt Lake City, Utah.
History

Founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley, Instructure's 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, as well as from Epic Ventures.In December 2010, the Utah Education Network , which represents a number of Utah colleges and universities, announced that Instructure would be replacing Blackboard as their preferred learning management system supplier. By January 2013, Instructure's platform was in-use by more than 300 colleges, universities, and K-12 districts; the company's customer base had increased to 9 million users by the end of 2013.In February 2011, Instructure announced they were making their flagship product, Canvas, freely available under an Affero General Public License license as open-source software, a move which garnered press coverage due to its threat to then market leader Blackboard. As of 2020, while the core Canvas remains open-source, according to its GitHub frequently asked questions , some Canvas functions and add-ons are proprietary.In June 2013, Instructure secured $30 million in Series D Funding, bringing their lifetime funding total to $50 million. In February 2015, it raised another $40 million in Series E Funding, raising their lifetime funding total to $90 million. CEO Josh Coates described it as "a pre-IPO round." On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange.In 2016, Glassdoor named the firm #4 on its 'Best Places to Work' list. In 2018, the Salt Lake Tribune named it its #6 'Top Work Places' for large businesses.In December 2019, Instructure announced that Thoma Bravo would acquire the company for $2 billion. Thoma Bravo completed the acquisition of Instructure in March 2020.In June 2021, Instructure again filed for an Initial Public Offering.

Mission
Our mission is to inspire everyone to learn together. We work toward this goal by focusing on openness, relationships, equality, ownership, and simplicity. These values apply across the board: to our software and services; our coworkers, customers, and partners; and our company culture and work ethic.
Vision
Our vision is to build a world where everything we do together is better because we do it together.
Key Team

Mr. Mitch Lee Benson Jr. (Chief Strategy Officer)

Mr. Frank Daniel Maylett (Chief Revenue Officer)

Ms. Joanna Fankhauser (Sr. VP of Bus. Intelligence & Operations)

Mr. Roshan Popal (Chief Information Officer)

Ms. Michelle Suzuki (Sr. VP of Marketing)

Becky Frost (Sr. Director of Corp. Communications)

Cory Edwards (VP of Corp. Communications)

Recognition and Awards
Instructure won 4 awards in 2022 and 2 awards in 2021. In 2022, Instructure won for Best Company Work-Life Balance, Best Leadership Teams 2022, Best Product & Design Team 2022 and Best Company Outlook 2022. In 2021, Instructure won for Best Company Culture 2021 and Best Company Work-Life Balance. Based on 10,052 ratings and 347 participants, employees at Instructure are very satisfied with their work experience. The overall culture score, 82/100 or A+, incorporates employee ratings based on their feedback on the Work Culture, Leadership, Meetings and more.
References
Instructure Holdings
Leadership team

Mr. Stephen M. Daly (CEO & Director)

Mr. Dale E. Bowen (Chief Financial Officer)

Mr. Matthew A. Kaminer (Chief Legal, People Officer & Sec.)

Products/ Services
Cloud Management, EdTech, Education, Information Technology, SaaS
Number of Employees
1,000 - 20,000
Headquarters
Salt Lake City, Utah, United States
Established
2008
Company Registration
SEC CIK number: 0001841804
Revenue
100M - 500M
Traded as
INST
Social Media