*Update*

We have implemented a temporary fix to bring performance back to normal.

A permanent fix will be applied tomorrow (April 19, 2012). No disruption of service will be required.
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Previous Description (2012-04-18 11:00:11):

Service Name: Moodle

Description of Problem:
We have identified a technical problem that is causing Moodle to run slower than usual. This problem may be particularly evident when working with the grade book.

We are attempting to resolve the issue as quickly as possible. Another notification will be sent when it has been fixed.