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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Mohan Marette who started this subject7/20/2004 12:54:41 PM
From: bob zagorin  Read Replies (1) of 4187
 
BBBB continues to build its education network. Several releases today. Here's one.

Blackboard Announces Building Blocks Partnership With McGann Software

WASHINGTON, Jul 20, 2004 /PRNewswire-FirstCall via COMTEX/ -- Blackboard Inc.
(Nasdaq: BBBB) announced that McGann Software Systems, Inc has signed a
partnership agreement that will make McGann's Parking Management Software System
and the Blackboard Transaction System(TM) interoperable through Blackboard's
Building Blocks Program(TM), which provides developer services for creating
extensions to Blackboard's product suites.

Under the terms of the agreement, the two companies are developing real- time IP
Transaction and Data Integration Agents to enable debit transaction
interoperability and demographic information exchange between McGann's Parking
Management Software System and the Blackboard Transaction System.

The McGann Parking Management System provides all the functions and reports
required to successfully operate one or more parking facilities. Revenue and
contract parker access is controlled, counted and tracked providing real-time
control over the entire parking enterprise. All manner of credentials (e.g.,
proximity, AVI, barcode, smart card, mag-stripe, etc.) and all types of payments
(credit card, smart card, cash, check, etc.) are accepted. A full-featured,
integrated Accounts Receivable package ensures the integrity of the system.
Connectivity to management stations and external systems is available by
network, telephone and Internet, and data may be presented on a PC, PDA or
browser.

"Our market is telling us that fully integrated systems that provide efficient
data exchange and online payment are becoming mission critical for ensuring
efficient and cost-effective campus parking operations," said Lawrence Feuer,
Vice President of Marketing at McGann Software. "This partnership will enable us
to offer comprehensive parking transaction functionality between our Parking
Management System and the Blackboard Transaction System."

"Our Building Blocks architecture is designed to satisfy our clients'
requirements for effective integration between multiple technologies, with the
vision of creating a seamless campus experience," said Kathy Turany, Vice
President of Corporate Development at Blackboard. "The integration of the McGann
Parking Software System with the Blackboard Transaction System will deliver
significant benefits to our higher education clients, with a positive impact on
increased client satisfaction and operational efficiency for parking operations
at colleges and universities."

About Blackboard Inc.

Blackboard is a leading provider of enterprise software and services to the
education industry. The Company's product line consists of five software
applications bundled in two suites, the Blackboard Academic Suite(TM) and the
Blackboard Commerce Suite(TM). 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.
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