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Caribbean University Selects Blackboard Outcomes System(TM) to Assess Student Learning

University Is First in Latin America to Implement Comprehensive Institutional Assessment to Meet Accreditation Standards

PHILADELPHIA--(BUSINESS WIRE)--Dec. 11, 2007--Middle States Commission on Higher Education 2007 Annual Conference: During the annual conference of the Middle States Commission on Higher Education, Blackboard Inc. (NASDAQ: BBBB), a leading provider of enterprise education software and services, announced that Caribbean University in Puerto Rico has selected the Blackboard Outcomes System(TM) to assess student learning across its system of four campuses, and plan for and measure continuous improvement in institutional effectiveness, to help continue to meet the rigorous accreditation standards set by the Commission.

The Middle States Commission on Higher Education is a voluntary and non-governmental membership association dedicated to ensuring the highest levels of performance by education institutions through accreditation via peer evaluation. The Commission accredits degree-granting colleges and universities located in the Mid-Atlantic Region, the Caribbean and several other areas internationally.

Caribbean University, a private university system that offers both undergraduate and graduate courses, has partnered with Blackboard for two years to provide faculty and students with a blended learning environment that combines traditional classroom instruction with innovative e-Learning opportunities. Caribbean has purchased hosting for its system by Blackboard ASP(SM) Services to enable staff members to meet other mission-critical objectives for the university while ensuring system reliability.

With the addition of the Blackboard Outcomes System, Caribbean now licenses the complete and hosted Blackboard Academic Suite(TM), a standards-based product suite comprised of four enterprise software applications which enable the university to teach using advanced e-Learning tools; build community across its four-campus system; share educational content between courses and programs; and improve student outcomes and its institutional effectiveness.

"We are proud to be the first university in Latin America that will install the Blackboard Outcomes System," said Caribbean University's chief information officer, Dr. Gustavo Sanchez, Ph.D. "This opportunity is a great privilege and enables us to serve as a guide to our sister Spanish-speaking schools throughout the region who seek to obtain or maintain accreditation from the Middle States Commission and other agencies in North America."

"Caribbean University is leading the way in terms of using institutional assessment as a tool for continuous improvement and to meet accreditation requirements," said Juan Lucca, president of Blackboard's international business group. "The public depends on accrediting agencies like the Middle States Commission to ensure higher education institutions meet their stated purposes, and the Blackboard Outcomes System will enable Caribbean to demonstrate to the Commission measurable links between the university's core competencies and the abilities of its graduating students."

The Blackboard Outcomes System, launched last January, is a comprehensive platform for managing continuous improvement processes across a higher education institution or a multi-campus system. It enables institutions to streamline the aggregation of assessment data, make evidence-based decisions, and improve student learning outcomes.

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. Millions of people use Blackboard everyday 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, DC, 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 August 7, 2007 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of December 11, 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 December 11, 2007.

CONTACT: Public Relations at Blackboard:
Blackboard Inc.
Brian Cooley, +1-202-463-4860 ext. 2377
brian.cooley@blackboard.com
or
Media Contact, Fleishman-Hillard:
Fleishman-Hillard Inc.
Amy Storey, +1-202-828-8819
storeya@fleishman.com

SOURCE: Blackboard Inc.