Eighteen Universities Implement Blackboard's BbOne(SM) Off-Campus Merchant Program in 2005
Demand Grows for Enabling Student ID Cards to Make Cashless Transactions
WASHINGTON, DC, Feb 16, 2006 (MARKET WIRE via COMTEX News Network) -- Blackboard Inc. (NASDAQ: BBBB) announced today that it has added
eighteen universities to its growing roster of BbOne(SM) clients. The
most recent BbOne additions include: Binghamton University, Cazenovia
College, Cleveland State University, Colorado School of Mines,
Creighton University, Embry Riddle Aeronautical University, Georgia
College & State University, Hartwick College, John Carroll University,
Kirkwood Community College, Olivet Nazarene University, Sacramento
State University, Southern University, Southwestern Baptist
Theological Seminary, Trinity College, University of Maine,
University of Nevada, Las Vegas and West Chester University. BbOne
enables students and faculty at these universities to use their
university ID cards as a form of payment with off-campus merchants.
"We are delighted about the addition of these new schools to the
BbOne program," said Michael Chasen, CEO of Blackboard. "It's
particularly exciting to see schools representing such a variety of
regions and disciplines. We think this demonstrates the value of
BbOne across the board. No matter what the size, location or mission
of a school -- BbOne will help enhance the educational experience for
the campus community members and surrounding merchants."
Each of these BbOne agreements represents an extension of
Blackboard(R) services beyond the central university to the greater
community. Several of these universities are active users of the
Blackboard Learning System(TM), the company's flagship e-learning
platform for online course development, and also rely on the
Blackboard Transaction System(TM) for managing student debit accounts
"The University of Nevada, Las Vegas is pleased to utilize the BbOne
program to expand acceptance of the Rebelcard, to off-campus
merchants," said Alex Herzog, Associate Director of One Card Services,
at The University of Nevada, Las Vegas. "Over the last five years we
have partnered with Blackboard to allow for growth of our transaction
system and the services we offer at the University. After several
rounds of number crunching, it was obvious that the only real
solution for UNLV to create an off-campus program was through BbOne.
We have found Blackboard solutions to be a great benefit to our
BbOne is part of the Blackboard Commerce Suite(TM), a package of
three enterprise software applications supporting cashless
transactions on-campus, off-campus and online and allowing for
identification and security access. By utilizing an existing student
debit account at the university, BbOne provides students with a safe,
secure, cashless and convenient way to make transactions on- and
off-campus, while assuring parents that their funds will be spent
within a university approved merchant network.
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.
Educate. Innovate. Everywhere.
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
Annual Report on Form 10-K filed on February 15, 2006 with the SEC.
In addition, the forward-looking statements included in this press
release represent the Company's views as of February 16, 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
Blackboard Public Relations Manager:
+1 202 463-4860 ext. 2404
DBC Public Relations
+1 202-298-7600 ext. 205
SOURCE: Blackboard Inc.