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Blackboard Announces Opening of Australian Datacentre Servicing the Asia Pacific Region

Sydney, Australia – February 21, 2008: Blackboard Inc. (NASDAQ: BBBB), a leading provider of enterprise technology for the education industry, today announced the opening of a state-of-the art, enterprise class datacentre in Mascot, New South Wales, Australia. This is Blackboard's fifth datacentre globally, and was built with the specific needs of Asia Pacific clients in mind.

The new datacentre is designed specifically to host Blackboard® software applications and is supported by a full-time team wholly dedicated to serving hosted clients.

With the opening of Blackboard's Asia Pacific datacentre also comes an agreement with Australia's Academic and Research Network (AARNET), owner and operator of one of the world's most advanced and far reaching research networks. AARNET provides research services to 38 Australian universities and this agreement will allow Blackboard ASP services to host AARNET research along with Blackboard applications at no additional cost to mutual clients. “AARNET is pleased to welcome Blackboard to our partner community,” said Chris Hancock, Chief Executive Officer of AARNET. “This partnership ensures inter-institutional benefits for our members should they decide to host the Blackboard Academic Suite™ at Blackboard's datacentre.”

Blackboard has been offering fully-managed hosted services since 1999 and currently has over 520 ASP clients from a variety of market sectors and implementation sizes with environments that range from a few hundred to over 1 million active users. Today, over 5 million students, staff and executives leverage such services from Blackboard. “One of the greatest challenges of implementing global teaching and learning strategies is the ability to ensure course delivery around the clock,” said Jay Robertson, senior vice president of Blackboard ASPSM and Hosted Services. “Utilising hosted services through Blackboard's Datacentres means clients can shift their focus to strategic projects such as professional development courses for staff, initiatives to foster student engagement, and advancing institutional assessment programs. We look forward to partnering with our clients in Asia Pacific to determine how their e-learning programs can benefit from this expanded capability.”

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, D.C., with offices in North America, Europe, Australia and Asia.

Educate. Innovate. Everywhere.(TM)

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-K filed on February 20, 2008 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of February 21, 2008. 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 February 21, 2008.

Public Relations at Blackboard:
Brian Cooley
Blackboard Inc.
202-463-4860 ext. 2377