SOURCE: Blackboard Inc.

December 01, 2005 11:00 ET

Blackboard Hits New Milestone With More Than 1,000 Enterprise Learning System Licenses

Schools, Community Colleges and Private and Public Universities Upgrade to Enterprise Version of the Blackboard Learning System™

WASHINGTON, DC -- (MARKET WIRE) -- December 1, 2005 -- Blackboard Inc. (NASDAQ: BBBB), a leading provider of software and services to the education industry, announced today that it has reached a new milestone with more than 1,000 licenses of the enterprise edition of the Blackboard Learning System. The Blackboard Learning System is a software application for delivering education online and has powerful capabilities for managing courses and tailoring instruction to enhance student outcomes. It is at the core of the Blackboard Academic Suite™, a suite of three independent yet integrated software products which enable members of academic institutions to learn, connect and share educational resources online.

"It's very exciting to see clients recognizing and leveraging the full benefits of the Blackboard Learning System," said Michael Chasen, CEO and President of Blackboard. "The recent boost in enterprise licenses demonstrates how much schools value and depend on Blackboard to enhance teaching and learning. e-Learning is moving into a new era and it's very exciting to be a part of this evolution."

The enterprise edition of the Blackboard Learning System seamlessly integrates with many other technology tools used by academic institutions, such as student information systems and administrative solutions. Clients rely on the Blackboard Learning System to provide anytime, anywhere access, instructor efficiency, evaluation and outcomes management, student-centered learning and access to high-quality content. These wide-ranging capabilities have fostered tremendous adoption at campuses across the United States and abroad, with millions of students and faculty relying on Blackboard every day.

Many of the clients who recently licensed the enterprise edition of the Blackboard Learning System, upgraded from the Basic Edition, including K-12 schools, community colleges and public and private higher education institutions.

Clients who recently moved from the Blackboard Learning System -- Basic Edition to the full enterprise edition include Tabor Academy College Preparatory School, Coppin State University, Touro College, Wayne County Community College and Universitaet Potsdam in Germany, among many others.

"Moving to the enterprise edition was simply the next logical step for our school community," said Tom Angelo, Technology Director, Tabor Academy. "The Basic Edition opened our eyes to a better way of communicating. The enterprise edition gives our faculty a variety of tools necessary to deliver content in a number of exciting ways. The advances in managing courses, and the adaptive release feature, which allows instructors to establish individualized learning paths for students, have had tremendous impact. Having the ability to release content, tests and quizzes based on a variety of criteria has been huge! We are thrilled with our move to enterprise."

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.

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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 November 7, 2005 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of December 1, 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 December 1, 2005.

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