SOURCE: Blackboard Inc.

June 02, 2005 07:00 ET

Southern University and A&M College Selects Blackboard Commerce System

Prestigious Member of Historically Black Colleges and Universities Chooses Blackboard as Sole One Card Provider

WASHINGTON, DC -- (MARKET WIRE) -- June 2, 2005 -- Blackboard Inc. (NASDAQ: BBBB) announced today that Southern University and A&M College, a renowned Historically Black Colleges and Universities member (HBCU), will license the Blackboard Transaction System™ to recover and create revenue while improving security and safety on campus.

The Blackboard Transaction System is used by hundreds of schools in the United States and Canada to manage the administration, processing and reporting functions for all campus transactions. It securely processes millions of transactions involving dollars, data access and authentication, 24 hours a day, seven days a week, 365 days a year.

An estimated 10,000 students and 1,600 faculty and staff members will rely on the Blackboard Transaction System at Southern University and A&M College for facility access, dining options, printing, copying, vending, laundry machine use and other point-of-sale devices. Decision makers at the school attribute return on investment as one of the key reasons for selecting the Blackboard Transaction System.

"The Blackboard Transaction System will allow us to provide a valuable service to our students, which is convenient and secure, and allow us to efficiently manage revenue in an easy streamlined manner," said LaTonya Green-Jones, the Director of Auxiliary Services at Southern University and A&M College. "The University is particularly excited about the added convenience and security this system will provide for ticket sales and admissions to athletic events -- a core part of student life," stated Chancellor Edward R. Jackson.

"We are delighted to help Southern University and A&M College maximize the effectiveness of its campus operations with the Blackboard Transaction System," said Michael Chasen, CEO of Blackboard. "We expect to work closely with them during the set-up and installation and anticipate smooth sailing after that. Because the Blackboard Transaction System is so easy to use and practically runs by itself, our clients can spend their time and energy focusing on their core business -- teaching and learning."

The Blackboard Transaction System is part of the Blackboard Commerce Suite™, a package of three enterprise software applications supporting cashless transactions on-campus, off-campus and online and allowing for identification and security access. By utilizing an existing student debit account at the university, the Blackboard Transaction System provides students with a safe, secure, cashless and convenient way to make transactions and access campus facilities.

About Blackboard Inc.

Blackboard is a leading provider of enterprise software applications and related services to the education industry. The Company's product line consists of five software applications bundled in two suites, the Blackboard Academic Suite™ and the Blackboard Commerce Suite™. Blackboard's clients include colleges, universities, 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 and staff in North America, Europe and Asia.

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 Annual Report on Form 10-K filed with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of June 2, 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 June 2, 2005.

Contact Information

  • Contact:

    Blackboard Public Relations Manager:

    Melissa Chotiner
    Blackboard Inc.
    +1 202-463-4860 ext. 2404

    Media Inquiries:

    Dan Baum
    DBC Public Relations
    +1 202-298-7600 ext. 205