SOURCE: Blackboard Inc.

October 13, 2005 07:00 ET

Blackboard to Discuss Merger at Town Hall-Style Information Sessions at EDUCAUSE 2005

Blackboard & WebCT CEOs to Provide Overview, Followed by Q & A Session at Forums and EDUCAUSE Press Conference

WASHINGTON, DC -- (MARKET WIRE) -- October 13, 2005 -- Blackboard Inc. (NASDAQ: BBBB), a leading provider of software and services to the education industry, announced today that it will host two town hall-style information sessions at the EDUCAUSE 2005 Annual Conference, in Orlando, Florida. The forums will establish an open dialogue between members of the academic community and Blackboard and WebCT CEOs about yesterday's announcement of a planned merger.

The meetings will take place at the Orange County Convention Center, Room W204A, on

--  Wednesday, October 19th   at 11:40 am
    
--  Thursday, October 20th   at 2:20 pm
    
Both sessions are open to the public, with the exception of press.

A separate press conference will be held on Tuesday, October 18th, at 10 am in the Rosen Center Hotel, Salon 4. A live Web-cast of the press conference will be available at www.blackboard.com/mergerwebcast.

"This is a very exciting time for Blackboard and WebCT, as well as for the numerous people who are so passionately committed to education," said Michael Chasen, Blackboard President and CEO. "We recognize that yesterday's announcement may have created more questions than answers. In the coming days, weeks and months, we will do our best to listen to these questions and concerns and respond to them with solutions that will benefit education for the long term. The EDUCAUSE information sessions represent a first step in this process."

The merger of Blackboard and WebCT marks a major milestone for the education industry, creating the category leader in higher education course and content management systems. More than 3,700 academic institutions worldwide (including a sampling in the corporate sector) rely on solutions offered through the combined company to enhance education with technology.

The EDUCAUSE forums will feature opening remarks from Blackboard President and CEO, Michael Chasen and WebCT President and CEO, Carol Vallone, following which the floor will be open to audience questions and comments.

In addition to providing details about its planned merger with WebCT, Blackboard will also unveil its latest product release at EDUCAUSE, offering demonstrations at the Blackboard booth, # 413 in the EDUCAUSE Exhibit Hall. Blackboard has also formed a partnership with GTCO Calcomp, a world leader in computer input peripherals for EDUCAUSE. GTCO Calcomp is a Blackboard Building Block partner offering a solution for a student response system called InterWrite PRS. This solution allows teachers to transform their classrooms by accurately and instantly assessing student comprehension in a dynamic and engaging learning environment.

About Blackboard Inc.

Blackboard Inc. (NASDAQ: BBBB) is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. With two product suites, the Blackboard Academic Suite™ and the Blackboard Commerce Suite™, Blackboard is used by millions of people at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe and Asia.

Blackboard

Educate. Innovate. Everywhere.

Any statements in this press release about future expectations, plans and prospects for Blackboard and other statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the factors discussed in the "Risk Factors" section of our Quarterly Report on Form 10-Q filed on August 3, 2005 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of October 13, 2005. The Company anticipates that subsequent events and developments will cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to October 13, 2005.

Contact Information

  • Blackboard Public Relations Manager:

    Melissa Chotiner
    Blackboard Inc.
    202-463-4860 ext. 2404
    Email Contact

    Media Contact:

    Dan Baum
    DBC Public Relations Experts
    202-298-7600 ext. 205
    Email Contact