Colorado Technical University, Career Education Corporation, Licenses the Blackboard Academic Suite(TM) for School Consortium Program
WASHINGTON, DC, Apr 05, 2006 (MARKET WIRE via COMTEX News Network) -- Colorado Technical University (CTU), a division of Career Education
Corporation (NASDAQ: CECO), has extended its relationship with
Blackboard Inc. (NASDAQ: BBBB) through a multi-year license. Under
the new agreement, all five of the CTU campuses (in addition to
McIntosh College in Dover, NH, and the International Academy of
Design and Technology in Orlando, FL) will standardize on the
Blackboard Academic Suite(TM), a suite of three integrated software
solutions which enable anywhere, anytime access to education.
Colorado Technical University in Sioux Falls, South Dakota, will
centrally host the Blackboard(R) platform for an estimated 7,000
students and offer 20 degree programs that contain either hybrid or
online courses with Blackboard technology.
Colorado Technical University will also roll out an executive MBA
program using Blackboard solutions this year, as well as a masters
program in e-Learning and instructional technology for teachers and
"We started using Blackboard software in 2001, and the demand for
access to our educational programs grew dramatically," said Vicki
Strunk, President of CTU, Sioux Falls. "With the incredible growth
and success of our program, we are very excited to expand our
offerings and unveil our new executive MBA program, which relies on
Blackboard's technology and enables students to continue career
development through short residencies, rather than weekly courses at
All CTU courses are offered in the Blackboard application. The
hybrid courses offer the convenience of online access coupled with the
rich interactive learning environment of in-classroom courses. Purely
online courses take advantage of both synchronous and asynchronous
access and learning. CTU Sioux Falls students have Gateway(TM)
Tablet PCs and Tegrity(TM) software, which interface well with
Blackboard. Recently, CTU Sioux Falls started podcasting lectures.
Blackboard brings all this technology together in a way that creates
a rich learning environment for their students.
"We applaud the efforts and accomplishments of Colorado Technical
University as they continue to pave the way in how technology can
truly enhance teaching and learning," said Michael Chasen, president
and CEO of Blackboard. "It's exciting to see CTU implement our
software solutions to provide greater opportunities for students
around the world."
Blackboard solutions are used by more than 3,700 schools, colleges,
universities and corporate and government agencies in the United
States and abroad to enhance the education experience.
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 April 5, 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 April 5,
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SOURCE: Blackboard Inc.