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Blackboard Announces BbWorld ‘07™ to be Held in Boston

First Combined Blackboard and WebCT User Conference will Feature New York Times Best-Selling Author of “Freakonomics” as Keynote Speaker

Dallas, TX, EDUCAUSE 2006 Annual Conference — October 12, 2006 — Blackboard Inc. (NASDAQ: BBBB), a leading provider of enterprise technology to the education industry, announced today that its 2007 User Conference, BbWorld ‘07 will be held in Boston July 9 – 12, 2007. BbWorld ‘07, the first combined user conference in North America for Blackboard and former WebCT clients, is expected to attract the largest audience to date of Blackboard User conferences – the 9th annual –with an anticipated audience of about 3,500 people from academic institutions across the globe. New York Times best-selling author of Freakonomics, Steven Levitt will open the conference with a keynote presentation. Technology guru and founder of Garage Technology Ventures, Guy Kawasaki, will deliver the second day keynote.

BbWorld ‘07 will feature an estimated one hundred client-led sessions, highlighting best practices and innovations to enhance teaching and learning. Conference attendees will have unique opportunities to network with peers from around the country, and abroad, to forge lasting relationships.

At BbWorld ‘06, a meeting between leaders from the Roskilde Business College in Denmark and Region 4 Education Service Center in Houston, Texas, resulted in an exciting new trans-Atlantic course in which students from both schools interact through the Blackboard platform to exchange information and learn about each others culture.

For more information and to register for BbWorld ‘07 please visit http://www.blackboard.com/company/events/BbWorld07/Home.htm.

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.

Blackboard

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 Form 10-Q filed on August 9, 2006 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of October 12, 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 October 12, 2006.

Senior Manager Public Relations at Blackboard:

Melissa Chotiner
Blackboard Inc.
202-463-4860 ext. 2404
mchotiner@blackboard.com

Media Contact, Fleishman-Hillard:
Amy Storey
Fleishman-Hillard Inc.
+1 202 828-8819
storeya@fleishman.com