Blackboard Acquires Austin-based MyEdu

screen-shot-2012-10-10-at-1-37-54-amBlackboard announced Wednesday that is has acquired MyEdu, an Austin-based educational site tailored to college students.
The Washington, D.C.-based Blackboard did not disclose the terms of the acquisition.
MyEdu, founded in 2008, focuses on helping students create a study plan geared to the career they wish to pursue. It’s like LinkedIn for college students. The site helps them create “professional profiles” to find jobs and internships.
MyEdu has helped one million students at more than 800 schools, according to a news release.
“Everyone is looking for ways to help more students obtain degrees more quickly,” Jay Bhatt, CEO of Blackboard said in a news release. “MyEdu has created user-friendly tools that help students succeed and create a stronger connection between higher education and the workforce. MyEdu is highly complementary to our current solution set and will help us drive more value and a higher quality experience for learners and enable new paths to support student goals. This strengthens the focus we have on learner success, which is a big priority for us going forward.”
MyEdu has partnerships with the University of Texas, the University of Louisiana and other institutions.
The company, which has 20 employees, has raised more than $20 million in venture funding, with the majority coming from Bain Capital Ventures, according to its Crunchbase profile.

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