Blackboard Sees Strong Momentum in Corporate Learning
Blackboard Recognized in Leading Analyst Firm's Magic Quadrant
WASHINGTON, Oct. 19 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq: BBBB), a global leader in education technology, today announced that it has been positioned in Gartner's Magic Quadrant for Corporate Learning Systems, an influential report evaluating the completeness of vision and ability to execute of vendors in the market.
Blackboard has seen significant growth in the corporate learning space where an increasing number of corporations of all sizes have adopted the company's teaching and learning platform to deploy training programs efficiently and cost effectively. In the Magic Quadrant report, Gartner "evaluates vendors based on their ability to articulate current and future market direction, innovation, customer needs and competitive forces."
The report notes that, "In 2009, we evaluated Corporate Learning System vendors for comprehensiveness of their offering. Those that presented more effective components and capabilities generally improved in the areas of analytics, learner ease-of-use and support for structured social and informal learning. The social learning platform has emerged as a key component."(1)
"With deep roots in education, Blackboard knows how to support the expectations instructors and learners have for acquiring and sharing knowledge," said Tim Hill, President of Blackboard Learn, Professional Education. "The corporate and government markets have embraced our solution set because they increasingly need an easy way to allow instructors, subject matter experts and learners to interact in engaging social learning environments. We routinely hear that this kind of collaboration helps directly impact business outcomes and objectives, often in ways beyond initial expectations."
Blackboard's intuitive solutions enable companies, government and professional organizations to upload, update and distribute custom learning content in a wide variety of formats and connect their learning programs to an active user community, regional support groups and training opportunities.
"The Blackboard platform fits within our transformational way of thinking and aligns with our company's values of accountability, commitment, collaboration, innovation and leadership," said Bill Reggio, director of sales training and development at Watson Pharmaceuticals Inc.
"The Blackboard learning environment lets our sales representatives engage with content and with the management team before, during and after the learning event and enables collaborative learning opportunities that increase their belief in the product and passion for success," added Jason Zeman, associate director of sales training and development at Watson Pharmaceuticals Inc.
Blackboard has seen growth for its learning platform in corporate, government, military and professional organizations in the United States and globally. Blackboard's flagship learning platform, Blackboard Learn((TM)), includes a range of powerful capabilities, social learning tools and Web 2.0 innovations to more effectively engage learners. The platform can support secure instant messaging, blogs, journals and enhanced group tools as well as notification dashboards and alerts that help keep learners engaged and on top of their work.
More information about the report, Magic Quadrant for Corporate Learning Systems, is available at http://www.blackboard.com/gartner.
For more information about Blackboard's solutions for corporate learning, please visit: http://blackboard.com/corp.
About Blackboard Inc.
Blackboard Inc. (Nasdaq: BBBB) is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.
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 August 6, 2009 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of October 19, 2009. 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 October 19, 2009.
The Gartner Magic Quadrant is copyrighted (2009) by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
(1) Rozwell, Carol. "Magic Quadrant for Corporate Learning Systems," Gartner. September 10, 2009.
SOURCE Blackboard Inc.
Matthew Maurer, Blackboard Inc., +1-202-463-4860, ext. 2637, email@example.com