Side-by-side comparison of AI visibility scores, market position, and capabilities
$450M revenue FY2025; 2,000+ higher education institutions; Blackboard LMS + Anthology Student SIS/ERP; Chapter 11 restructuring 2025; 4.8K employees across 6 continents
Anthology was formed through the 2021 merger of Blackboard, the dominant legacy LMS provider in higher education, with Campus Management, a student information system and ERP vendor. The combined entity brought Blackboard's thousands of institutional LMS customers together with Anthology Student SIS and administrative ERP systems — creating one of the few vendors positioned to serve the full spectrum of higher education technology from classroom to back office. The company rebranded to Anthology while retaining Blackboard as a product brand.\n\nAnthlogy's portfolio includes Blackboard Learn LMS (with its Ultra experience redesign), Anthology Student for enrollment management, Anthology Finance and HCM for institutional ERP, Anthology Ally for accessibility compliance, and analytics tools for engagement. The platform serves 2,000+ higher education institutions globally — community colleges, liberal arts colleges, and research universities. Anthology also offers professional services, managed hosting, and implementation support alongside software subscriptions.\n\nAnthlogy reported approximately $450 million in revenue for FY2025 with approximately 4,800 employees. The company filed for Chapter 11 bankruptcy protection in early 2025 to reduce debt obligations accumulated through its acquisition-driven growth strategy, while preserving operations and customer relationships. Its large installed base in higher education creates strong switching cost protection, as LMS and SIS migrations are multi-year, high-friction institutional projects that most universities undertake infrequently.
NYSE: SHOP e-commerce platform at $8.88B FY2024 revenue with $292.28B GMV across 4.82M stores; Black Friday $11.5B processing competing with WooCommerce and BigCommerce for small-to-enterprise direct-to-consumer commerce.
Shopify Inc. is an Ottawa, Canada-based e-commerce platform — listed on NYSE (NYSE: SHOP) — providing 4.82+ million active merchant stores of all sizes (from solo entrepreneurs to enterprise brands) with tools for online store creation, multi-channel selling (web, mobile, social, in-person), payment processing (Shopify Payments, Shop Pay), inventory management, fulfillment, and marketing analytics, generating $8.88 billion in revenue in fiscal year 2024 (+26% year-over-year) with $292.28 billion in gross merchandise volume (GMV, +24%) and 875+ million customers who have purchased from Shopify merchant stores. Founded in 2006 by Tobias Lütke, Daniel Weinand, and Scott Lake (started as a snowboard equipment store, pivoted to become the platform), Shopify has become the operating system for independent commerce — the default e-commerce infrastructure for the direct-to-consumer brand economy.
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