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Instructure

Instructure sells Canvas and its other products as SaaS subscriptions under an Order Form, Master Terms and Conditions and product Supplements, counts Users against a Contracted User Count that it may verify from the customer's student information system, and separately publishes the Canvas LMS source under the AGPL-3.0 with a free Canvas Lite tier for individual educators.

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Overview articleInstructure licensingInstructure sells Canvas and its other products as SaaS subscriptions under an Order Form, Master Terms and Conditions and product Supplements, counts Users against a Contracted User Count that it may verify from the customer's student information system, and separately publishes the Canvas LMS source under the AGPL-3.0 with a free Canvas Lite tier for individual educators.Cited · Edited 2026-10-08 · 19 references

Guides

Canvas LMS open source and Canvas Lite licensingCited · Edited 2026-10-08Instructure Master Terms and user count verificationCited · Edited 2026-10-08Instructure AI, Mastery, Parchment and Elevate supplementsCited · Edited 2026-10-08Instructure support, API and partner termsCited · Edited 2026-10-08

Licensing Data

From the Instructure catalog: how usage is counted, the rules that apply, the programs licences are bought through and the SKUs. Backed by 62 verbatim excerpts from 31 Instructure documents.

Products

All 21 Products

Education Software 9

All Instructure subscription Services, Canvas Career, Canvas Catalog, Canvas Lite, Canvas LMS, Impact, Mastery Connect, Mastery Item Bank, and 1 more

Document Management Software 3

Digitary, Digitary Receive Service, Parchment

API Platforms 2

Canvas API, DAP Query API

Data Integration Tools 2

Elevate, Elevate Standards Alignment

Generative AI Software 2

IgniteAI, IgniteAI Agent

Analytics Platforms 2

Intelligent Insights, LearnPlatform

1 more categories

Releases and Lifecycle

Full Version History

21 products: 1 continuously updated, 20 no published lifecycle; 0 versions with release and support dates as published by Instructure. Retrieved 2026-10-13.

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Product History

All acquisitions
  1. KKR and Dragoneer Investment Group acquired InstructureAnnounced 2024-07-25 · Closed 2024-11-13 · Enterprise value of approximately USD 4.8 billion, USD 23.60 per share in cash (as announced)

    Investment funds managed by KKR, with participation from Dragoneer Investment Group, acquired Instructure, the maker of Canvas, from public shareholders including its majority owner Thoma Bravo. Instructure's stock ceased trading on completion and the company became privately held.

    Legacy productBecame
    CanvasKept Canvas · Instructure said KKR would support investment in its core Canvas and Parchment products
    ParchmentKept Parchment
    Licensing impact
    • Instructure agreed on 25 July 2024 to be acquired for USD 23.60 per share in cash, an enterprise value of about USD 4.8 billion, a 16 percent premium to its unaffected share price. KKR's acquisition included the shares held by Thoma Bravo, which had taken the company public in 2021.[1]
    • The announcement said the Instructure management team led by CEO Steve Daly would continue in their current roles and that KKR would support increased investment in technology and innovation, including its core Canvas and Parchment products.[1]
    • The transaction closed on 13 November 2024. Instructure's common stock ceased trading and the company is no longer listed on the New York Stock Exchange.[2]
    Sources and full product history
  2. Instructure acquired ParchmentAnnounced 2023-10-30 · Closed 2024-02-01 · Approximately USD 835 million; net purchase price approximately USD 795 million after a tax benefit (as announced)

    Instructure, the maker of Canvas, acquired Parchment, a credential management platform and network, and added it to the Instructure learning platform.

    Legacy productBecame
    Parchment AwardKept Parchment Award · Issues transcripts, diplomas, certificates and other credentials digitally
    Parchment DigitaryKept Parchment Digitary
    Parchment PathwaysKept Parchment Pathways · Transfer and credit mobility platform
    Licensing impact
    • Instructure signed a definitive agreement on 30 October 2023 to acquire Parchment in a transaction valued at about USD 835 million, expected to close in the first quarter of 2024 and financed with cash on hand and incremental debt under its existing credit facility.[1]
    • The announcement described Parchment's Award and Digitary platforms as issuing transcripts, diplomas, certificates, verifications and learner records digitally, and its Pathways platform as supporting student mobility and credit transfer.[1]
    • Instructure completed the acquisition on 1 February 2024 and said it would let customers offer a verifiable digital record of achievement alongside Canvas.[2]
    Sources and full product history
  3. Instructure acquired Concentric Sky (Badgr)Announced 2022-04-14 · Closed 2022-04-14

    Instructure acquired Concentric Sky, the maker of the Badgr digital badge and micro-credential platform, which was already the default micro-credentialing tool within Canvas LMS. Badgr was rebranded for the Instructure learning platform.

    Legacy productBecame
    BadgrRenamed Canvas Badges · Default micro-credentialing tool within Canvas LMS
    Badgr ProRenamed Canvas Credentials · Upgrade offering unlimited badging, leaderboards, analytics and pathway visualisations
    Licensing impact
    • Instructure announced on 14 April 2022 that it had completed the acquisition of its partner Concentric Sky, the makers of Badgr.[1]
    • Badgr, the default micro-credentialing tool within Canvas LMS, was to be rebranded Canvas Badges, and Canvas LMS customers could upgrade to Badgr Pro's tools in the new Canvas Credentials.[1]
    Sources and full product history
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