Blackboard Inc. (Nasdaq:BBBB) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Blackboard Inc. (Nasdaq:BBBB)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	1/14/2008 9:13:09 AM
	of 67

Blackboard to Buy Mass Messaging Company NTI Group for $182 Million biz.yahoo.com WASHINGTON (AP) -- Educational software company Blackboard Inc. said Monday it will buy privately held mass messaging company NTI Group Inc. for $182 million to expand its reach in education communication. Blackboard will pay $132 million in cash and $50 million in stock and may pay up to an additional $17 million in stock if NTI reaches undisclosed financial targets over two years. Blackboard said the deal will help it grow as more educational institutions use the Internet to communicate with their students. It said it expected the U.S. alert and notification market to grow to an estimated $1.2 billion in revenue by 2011. Sherman Oaks, Calif.-based NTI provides mass notification systems to schools and has contracts covering about 200 colleges and universities. Messages sent under the NTI system can be instantaneously sent by landline, cell phone, personal organizer, e-mail and other methods.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next