SOURCE: Blackboard Inc.

June 06, 2007 08:00 ET

Community Colleges Turn to Blackboard for Campus Commerce Solutions

Demand for Increased Service and Greater Operational Efficiency Drives Need Among Commuter Populations

WASHINGTON, DC--(Marketwire - June 6, 2007) - Blackboard Inc. (NASDAQ: BBBB), a leading provider of enterprise technology to the education industry, today announced Cape Fear Community College (NC), San Bernardino Community College District (CA), Santa Barbara City College (CA), Bristol Community College (MA) and Hawkeye Community College (IA) have joined hundreds of other colleges and universities who rely on the Blackboard Transaction System™ as their campus commerce solution.

Community colleges today are under increasing pressure to demonstrate operational efficiency while providing higher levels of service to their constituents. Blackboard provides institutions the technology to effectively meet those challenges while managing transactions and facility access on campus, off campus and online. Automating transaction processing enables colleges to reduce errors, eliminate operational redundancies and control labor costs.

"Blackboard understands that we need to ensure the students, who are our customers, receive the best technology available. Through the Blackboard Transaction System, students can use their ID cards as a form of payment, quickly, efficiently and safely," said Carol Cullum, Vice President of Student Development at Cape Fear Community College. "While we did consider using other card systems, only the Blackboard solution offers a wide variety of features, compatibility with our planning system and the ability to change access for certain constituent groups. We've heard numerous success stories from current clients around the country who have increased their revenue stream and savings by hundreds of thousands of dollars. We're enthusiastic about implementing similar initiatives on our campus."

Many colleges and universities rely on the complete Blackboard Commerce Suite™, three separate but integrated applications including the Blackboard Transaction System, for a wide range of campus service needs including, providing students and faculty with secure access to buildings or residence halls, cashless payment on and off-campus, access to laundry services, parking and copy services. In addition, parents and students can deposit and manage their campus card accounts from anywhere in the world with the Blackboard Community System™. Off Campus transactions are enabled through BbOne(SM).

"The significance of community colleges in U.S. Higher Education continues to increase with the growth of 'non-traditional' students and the changing demands of traditional students," said Russ Carlson, President of the Blackboard Commerce Group. "It's a pleasure to work with these institutions and help them increase their service levels in what is a very competitive marketplace."

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, Australia 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 Form 10-Q filed on May 4, 2007 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of June 6, 2007. 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 June 6, 2007.

Contact Information

  • Senior Manager Public Relations at Blackboard:
    Melissa Chotiner
    Blackboard Inc.
    202-463-4860 ext. 2404
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    Fleishman-Hillard Inc.
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