Sana Labs vs Anthology
Side-by-side comparison of AI visibility scores, market position, and capabilities
AI enterprise learning platform. Acquired by Workday for $1.1B (Sep 2025). Founded 2016, Stockholm by Joel Hellermark (started in high school). $136M raised. Private.
About
Sana Labs is an AI-native enterprise learning and knowledge management platform founded in 2016 by Joel Hellermark and Anna Nordell Westling in Stockholm, Sweden. Hellermark started the company while still in high school. Provides corporate training, onboarding, compliance, and enterprise knowledge search powered by proprietary AI.
$450M revenue FY2025; 2,000+ higher education institutions; Blackboard LMS + Anthology Student SIS/ERP; Chapter 11 restructuring 2025; 4.8K employees across 6 continents
About
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.
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