Instructure Completes Previously Announced CEO Transition
SALT LAKE CITY, Jan. 2, 2019 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), the leading provider of software-as-a-service (SaaS) technology solutions to the education, learning and employee development markets, announced that Dan Goldsmith assumed the role of Chief Executive Officer on January 1, 2019.
"I am delighted to take on the role of CEO of Instructure at a time of great transformation in the education, learning and employee development markets," said Goldsmith. "With innovative cloud-based technology and deep domain expertise, Instructure is ideally positioned to enable education and professional communities - from the first day of school to the last day of work."
Goldsmith succeeds Josh Coates, who has assumed the role of Executive Chairman of the Board, effective January 1, 2019.
"I am very proud of everything we have achieved at Instructure," said Coates. "In Dan Goldsmith, I know we have a leader with the vision and the experience to build on that work and to deliver even greater success for our customers, our people and our shareholders."
Goldsmith went on to thank Coates for his leadership over the past 10 years.
"I take on a company with passionate, knowledgeable people committed to providing innovative solutions and an outstanding customer experience," he said. "That is Josh's legacy and I want to thank him as we look forward to building on the foundation he created."
This press release contains "forward-looking" statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Instructure's product strategy and growth. These statements are not guarantees of future performance or achievements, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, such as Instructure's growth, product development, and international expansion, and other risks and uncertainties detailed in Instructure's filings with the Securities and Exchange Commission, including, without limitation, its Form 10-K and other reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Instructure assumes no obligation to update or revise publicly any forward-looking statements contained in this release, except as required by law.
Instructure, Inc. is a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter. With a vision to help maximize the potential of people through technology, Instructure created Canvas and Bridge to enable organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. To date, Instructure has connected millions of instructors and learners at more than 4,000 educational institutions and corporations throughout the world. Learn more about Canvas for higher ed and K-12, and Bridge for the corporate market at www.Instructure.com.
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