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University of Toronto Selects Blackboard for e-Learning

WASHINGTON, DC, Feb 14, 2006 (MARKET WIRE via COMTEX News Network) -- Blackboard Inc. (NASDAQ: BBBB), a leading provider of technology to educational institutions and corporate and government agencies, announces the University of Toronto, a leading teaching and research university in Canada, has licensed the Blackboard Academic Suite(TM), a suite of three integrated software products which support a Networked Learning Environment(TM). A Networked Learning Environment enables students and teachers to learn, connect and share educational materials and resources from practically any location and at any time.

The Blackboard Academic Suite fosters Web-based and Web-enhanced learning and is used by hundreds of universities, colleges and K-12 schools in North America and abroad.

The University of Toronto buying decision included extensive consultation with faculty, students, staff, and other universities.

The university also licenses the Blackboard Commerce Suite(TM) for its campus services. The Blackboard Commerce Suite features three enterprise software applications supporting cashless transactions on-campus, off-campus and online and allowing for identification and security access.

"The Blackboard system was chosen for its broad functionality, large user base amongst major institutions, an accessible community of expert users and developers in the Toronto area and its intuitive user-interface; a high priority for our faculty as expressed in university-wide surveys," said Professor David Farrar, Deputy Provost and Vice-Provost of Students at University of Toronto.

The university plans to utilize the system immediately to enhance the student experience by providing improved integration of digital resources, better communication and collaboration utilities and a consistent, web-based interface across courses. Instructors will benefit from possibilities for new methods of instruction and more effective and efficient class administration.

"We commend the University of Toronto for the comprehensive fact-finding process they embarked upon to make sure they selected the right partner for their e-Learning initiatives," said Michael Chasen, CEO and President of Blackboard. "We could not be more excited about working together with the university to enable educational innovations for their faculty, students and entire campus community."

About Blackboard

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. With two product suites, the Blackboard Academic Suite(TM) and the Blackboard Commerce Suite(TM), Blackboard is used by millions of people 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 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 Quarterly Report on Form 10-Q filed on November 7, 2005 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of February 14, 2006. 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 14, 2006.

Blackboard Public Relations Manager:
Melissa Chotiner
Blackboard Inc.
202-463-4860 ext. 2404

Media Contact:
Dan Baum
DBC Public Relations Experts
202-298-7600 ext. 205

SOURCE: Blackboard Inc.