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From: bob zagorin2/17/2005 2:17:52 PM
   of 4187
 
Blackboard and CampusMBA Make for a Winning Combination in e-Learning
Thursday February 17, 7:00 am ET
Corporations Trust Blackboard for e-Training

WASHINGTON, Feb. 17 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq: BBBB - News) is pleased to congratulate one of its corporate clients, CampusMBA, the educational arm of the Mortgage Bankers Association (MBA), for winning first place for Best Virtual Corporate University/Best Use of Technology from the Corporate University Best in Class Award (CUBIC). CampusMBA is one of many organizations using the Blackboard(R) e-Learning platform to enhance continuing education and training for professionals. The Blackboard Learning System(TM) makes it possible for professionals to further their education and expertise through courses and materials that can be accessed from any location and at any time. Other organizations using Blackboard's cutting edge software products and services to provide online education include:

* Stenograph, a leading supplier of productivity tools to the court
reporting profession, uses Blackboard software for the Stenograph
University Online Project, enabling judicial reporters, captioners CART
providers and students to take professional development courses over
the Internet.

* Voyager Expanded Learning, a leading provider of in-school core reading
programs, reading intervention programs and professional development
programs throughout the United States, uses Blackboard software to
deliver online content and provide community management within its
VoyagerU division. VoyagerU's professional development programs combine
web-based online learning, classroom-based practice activities,
building-based study groups, and continuous coaching. This effective
and convenient training model is currently used in the Foundations of
Reading and Reading for Understanding programs, which focus on
improving classroom teacher's knowledge and skills.

* Bank of Montreal, one of Canada's biggest banking and financial
services companies, uses Blackboard software to offer banking and
investment courses to employees in both French and English.

* Colorado Technical University, an institution of higher learning with
four campuses, uses Blackboard software so that its students can gain
professional training from any location and at any time, by accessing
course materials and information online.

"More than 150,000 people have used Blackboard software at CampusMBA, 40,000 of whom are current students taking online courses," said Dan Thoms, vice president of MBA education and business development. "Web-based self study courses allow students to work at their own pace, accommodating their schedules and needs. It enables students at different stages of their careers the convenience to further their education -- whether it is to meet industry continuing education requirements, to enhance professional development or earn a professional designation or certificate. Blackboard makes it possible."

"The trend of corporations using e-Learning is gaining more and more momentum everyday," said Michael Chasen, CEO of Blackboard. "Blackboard's software and services provide reduced training costs for companies while enabling increased reach of traditional training programs. We are very excited about how corporations are leveraging technology for blended learning initiatives, online training and continuing education programs. We expect to see even more of this in the future."

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(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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