Anthology Restructures, Focuses on Teaching and Learning BusinessAnthology has announced a strategic restructuring, divesting its Enterprise Operations, Lifecycle Engagement, and Student Success businesses and filing for Chapter 11 bankruptcy in an effort to right-size its finances and focus on its core teaching and learning products. The company's Teaching & Learning arm, comprised of Blackboard, Ally, Illuminate, and Institutional Effectiveness, will be reorganized into a stand-alone business. Ellucian has stepped up as the "stalking horse" bidder for the Enterprise Operations business, including Anthology Student, Finance & HCM, Student Verification, and Enterprise Ops Legacy. Encoura has agreed to serve as the stalking horse bidder for the Lifecycle Engagement business, including Anthology Encompass, Reach, Advance, as well as the Student Success business. Stalking horse bidders set the baseline offer in a bankruptcy auction and can be superseded by higher, competitive bids.