SOURCE: Blackboard Inc.

July 01, 2008 09:00 ET

Blackboard Launches Release 3.0 of Its Blackboard Transaction System™

New Interface & Integration With Video Surveillance Highlight Release

WASHINGTON, DC--(Marketwire - July 1, 2008) - Blackboard Inc. (NASDAQ: BBBB), a leading provider of educational enterprise technology, announced today the general availability of Release 3.0 of the Blackboard Transaction System™. The Blackboard Transaction System is used by hundreds of colleges and universities as part of the Blackboard Commerce Suite™, a family of applications supporting campus commerce and security management.

"Release 3.0 of the Blackboard Transaction System represents a major landmark for our customers," said David Marr, Blackboard Commerce President & Chief Operating Officer. "Release 3.0 will enable our customers to transform the way they interact with and serve their constituents, by combining the best software functionality and hardware compatibility of previous Blackboard Transaction System releases, along with mission-critical reliability and improved ease of use."

Release 3.0 of the Blackboard Transaction System features a range of new highlights and improved functionality, including:

--  A completely redesigned, intuitive user interface with web-like search
    capability.
    
--  A dramatically enhanced user experience that shortens the learning
    curve for new users, and allows most administrative actions to be performed
    in fewer steps.
    
--  A centralized application that allows the user to access all
    functionality through a single screen.
    
--  The best Unix Edition and Universal Edition functionality, plus
    numerous overall enhancements to previous Universal Edition releases.
    
--  Enhanced data management capability with unlimited customizable data
    fields for ultimate flexibility.
    
--  Support for multiple card formats, easier management of temporary card
    issuance, and unlimited stored value accounts per cardholder.
    
--  Integration with Blackboard Video Surveillance™, allowing campus
    administrators to view live or recorded campus security video from
    anywhere.
    

For more information about Blackboard Commerce solutions, please visit http://www.blackboard.com/commerce.

About Blackboard, Inc.

Blackboard Inc. (NASDAQ: BBBB) is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.

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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 Form 10-Q filed on May 9, 2008 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of July 1, 2008. 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 July 1, 2008.

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