Today, Instructure became a public company (we’re INST on the NYSE).
So what does that mean exactly? Well, it really just means that instead of having a handful of venture firms and employees own stock it now means that a whole bunch of new people (“the public”) also own stock in us. It also means that we disclose financial information every quarter that we didn’t used to disclose. Aside from that, it’s business as usual.
So, how’d we go from the launch of Canvas in 2011 to IPO? It all started in 2008 with a vision to make software that makes people smarter. Since then, we’ve built two native cloud learning platforms that focus on user experience and continuous innovation: Canvas for higher ed and K-12 and Bridge for corporate learning and training.
Today we have offices on four continents, with more than 700 employees. A team that I’m proud to work with each day. We’ve served millions of individual users through contracts with more than 1,600 colleges, universities, K-12 school districts, and companies in 25 countries. These customers have been at the heart of our focus as a company. Through it all, I’m grateful to everyone who has helped us get to where we are today.
So what’s next? For our customers and their users, we expect our shift from private to public company to be seamless. We’ll still provide the same awesome software, support, and professional services. We’ll still make teaching and learning easier. We’ll still change the way employees think about corporate training. We’ll still have a roving panda at InstructureCon. We’ll still keep doing all the things that make us Instructure.