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Instructure

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Instructure, Inc.
Company type
Private
Private
IndustryEducational Technology
Learning Management Systems
Assessment Management Systems
Assessment
Founded2008; 18 years ago (2008)
FounderBrian Whitmer and Devlin Daley
Headquarters
Salt Lake City, Utah
,
United States
Number of locations
7
Area served
Worldwide
Key people
  • Steve Daly
  • (CEO)
ProductsCanvas, Catalog, Studio, Portfolium, MasteryConnect, Videri, CASE Benchmarks and Item Bank, Navigate Item Bank, Academic Benchmarks, Certify, DataConnect, Program Assessment, Pathways, Canvas for Corporate Education
Revenue$530.2 million (2023)[1]
Owner
[2]
Number of employees
1,466 (2022)[3]
Websiteinstructure.com
Canvas
DeveloperInstructure
Written inRuby on Rails
LicenseCore AGPLv3, Some official plugins proprietary[4]
Websiteinstructure.com/canvas
Repositorygithub.com/instructure/canvas-lms

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.

History

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The company was founded in 2008 by two BYU graduate students, Brian Whitmer and Devlin Daley.[5] 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.[6]

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.[7] By 2013, the company's customer base had increased to 9 million users.[8]

In 2011, Instructure launched Canvas, a learning management system.[9] The company announced that Canvas would be made freely available under an Affero General Public License (AGPL) license as open-source software. However, the company continued to sell Canvas management as a service.[10][11][12] Canvas became available on iOS in 2011, and on Android in 2013.[13]

In 2015, Instructure launched Bridge, a cloud-based corporate learning management system.[14] It was acquired by Learning Technologies Group (LTG) in 2021.[15]

As of 2015, the company had raised $90 million in funding from investors.[16] On November 13, 2015, the firm began trading as a publicly held company on the New York Stock Exchange.[17]

In 2017, the company acquired Philadelphia-based video learning startup Practice XYZ, formerly known as ApprenNet, and merged the offerings into its own products.[18][19]

In 2020, Thoma Bravo acquired the company for $2 billion.[20] As of 2020, Canvas was used in approximately 4,000 institutions worldwide.[21] In June 2021, Instructure again filed for an IPO,[22] and began trading under the symbol INST.[23]

In 2024, it was announced that KKR and Dragoneer had completed their purchase of the company for $4.8 billion.[2]

In 2024, Instructure announced the acquisition of Parchment, a credential management platform.[24]

2026 Canvas security incident

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Main article: 2026 Canvas security incident

On 2 May 2026, Instructure confirmed that a security incident had occurred with Canvas.[25] According to the company's status page, identifying information about students, including names, email addresses, student ID numbers, and messages exchanged with other students and instructors, was potentially compromised. By 6 May, Instructure stated that it believed the incident had been contained.[25] However, a day later, users reported seeing a message on the Canvas website, purportedly from ShinyHunters, warning of a 12 May deadline for universities and Instructure to pay a ransom.[26] The message contained a link to a list of affected universities and K–12 schools. ShinyHunters claimed that the data of 275 million users across 9,000 schools had been compromised.[27][28][29]

See also

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References

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  1. ^ "Instructure Company Profile". Craft. Retrieved May 7, 2026.
  2. ^ a b "KKR and Dragoneer complete $4.8bn take-private acquisition of edtech firm Instructure". PE Hub. 14 November 2024. Retrieved 2024-11-21.
  3. ^ "Instructure 2022 Annual Report" (PDF). Retrieved March 6, 2024.
  4. ^ "FAQ". Instructure. May 19, 2020 – via GitHub.
  5. ^ Kim, Joshua. "An Instructure Canvas LMS Timeline". www.insidehighered.com. Retrieved 2025-03-17.
  6. ^ Neely, Karissa. "Instructure CEO change, Survey shows affordable housing concern, Powerful U Experience event". The Daily Herald. Archived from the original on 31 October 2018. Retrieved 25 January 2019.
  7. ^ "New Statewide Learning Management System Selected". UEN News. Utah Education Network. December 14, 2010. Retrieved June 14, 2017.
  8. ^ Empson, Rip (November 2012). "With 4.5M Users, Instructure Takes On The Courseras & Udacities Of The World With Its Own Open Course Network". TechCrunch.
  9. ^ Tate, Emily (2018-07-16). "How Canvas came to unseat Blackboard as the leading LMS". EdScoop. Retrieved 2025-03-17.
  10. ^ Michael Arrington (January 31, 2011). "Instructure Launches To Root Blackboard Out Of Universities". TechCrunch.com. Interserve dba TechCrunch. Retrieved February 22, 2011.
  11. ^ Josh Keller (January 31, 2011). "Upstart Course-Management Provider Goes Open Source". Wired Campus. The Chronicle of Higher Education. Retrieved February 22, 2011.
  12. ^ Christopher Dawson (February 1, 2011). "There are alternatives to Blackboard and Moodle: Instructure Canvas goes open source". ZDNet Education. CBS Interactive. Archived from the original on February 4, 2011. Retrieved February 22, 2011.
  13. ^ "Instructure Releases Canvas for Android". canvaslms. Archived from the original on 8 February 2018. Retrieved 7 February 2018.
  14. ^ Buhr, Sarah (2015-02-18). "On The Way To An IPO, Education Technology Startup Instructure Is Close To Raising A Big New Round". TechCrunch.
  15. ^ "Behind the Deal: Why LTG acquired Bridge". Learning Technologies Group plc. 2021-06-28. Retrieved 2022-08-20.
  16. ^ Locke, Charley (2015-02-24). "Instructure Plots Path to IPO, Corporate Customers After $40M Series E". Edsurge.
  17. ^ Schaffler, Rhonda (2015-11-13). "Instructure IPO Debuts on NYSE With Double-Digit Gain". TheStreet.
  18. ^ "Practice got acquired by Instructure. Here are the details". Technical.ly. November 29, 2017.
  19. ^ "We're Talkin' About Practice: Instructure Acquires Video-Based Learning Platform". Ed Surge. December 2, 2017.
  20. ^ "Instructure files for U.S. IPO after 2020 take-private deal with Thoma Bravo". Reuters. Archived from the original on 2023-04-24. Retrieved 2025-03-17.
  21. ^ "Why Colleges and Universities Are Adopting Canvas". eLearningInside News. 2018-10-24. Retrieved 2020-09-02.
  22. ^ Bamforth, Emily (28 June 2021). "Instructure, creator of Canvas, files for initial public offering". edscoop.com. Scoop News Group. Retrieved 14 July 2021.
  23. ^ Saleh Rauf, David (4 July 2021). "Another Education Company Goes Public: Instructure IPO Gives Ed-Tech Firm $2.9 Billion Valuation". marketbrief.edweek.org. Retrieved 24 January 2023.
  24. ^ "KKR to take edu-tech firm Instructure private for $4.8 billion". Reuters. July 25, 2024.
  25. ^ a b "Confirmed Security Incident". status.instructure.com. Archived from the original on 2026-05-07. Retrieved 2026-05-07.
  26. ^ Franceschi-Bicchierai, Lorenzo; Whittaker, Zack (2026-05-07). "Hackers deface school login pages after claiming another Instructure hack". TechCrunch. Retrieved 2026-05-07.
  27. ^ Palmer, Kathryn. "'PAY OR LEAK': Hackers Target Big Higher Ed Vendor". Inside Higher Ed. Retrieved 2026-05-07.
  28. ^ Maruf, Ramishah (2026-05-07). "Canvas hack strands university students during finals week". CNN. Retrieved 2026-05-07.
  29. ^ Ziegler, Hannah (2026-05-08). "Canvas Online Learning Platform Disabled After Breach by Hackers". The New York Times. ISSN 0362-4331. Retrieved 2026-05-08.
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