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University of Pittsburgh Selects BbOne(SM) to Manage Off-Campus Merchant Network

University Transfers School-Run Program to Blackboard to Expand Network
WASHINGTON, DC, Feb 20, 2007 (MARKET WIRE via COMTEX News Network) -- The University of Pittsburgh has selected Blackboard Inc.'s (NASDAQ: BBBB) BbOne(SM) program to expand its existing Panther Funds off-campus merchant network. Through the Blackboard BbOne program, students are able make safe, secure, cashless transactions at university-approved, off-campus shops and restaurants with their student identification (ID) cards. Since transferring their program to Blackboard, the University of Pittsburgh's off-campus merchant network has expanded significantly, with forty-seven area stores now accepting Panther Funds, including Starbucks, Brueggers Bagels, Cold Stone Creamery and Qdoba Mexican Grill, among others.

With the addition of the Blackboard BbOne program, the University of Pittsburgh now licenses the complete 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.

A core part of the Blackboard BbOne program features an aggressive outreach effort by Blackboard employees, in partnership with the University, to potential merchants who might be interested in participating. Through Blackboard BbOne, participating merchants gain access to student funds, program marketing, and the convenience of easy acceptance. Merchants receive support 24 hours a day, and fund reimbursements daily by direct deposit.

"Our rich urban environment provides experiences for our students that extend from nearby cultural and retail locations to locations throughout the city of Pittsburgh. It's especially exciting to offer students the convenience and flexibility to make purchases with Panther Funds at such a variety of off-campus locations," said Joseph Phillips, Assistant Vice Chancellor at the University of Pittsburgh. "This is a great benefit to the members of our campus and business community. We look forward to continuing to expand this program."

"We are delighted to help the University of Pittsburgh grow its off-campus merchant program to provide greater choices for the members of its campus community," said Michael Chasen, President and CEO of Blackboard. "BbOne is really a win-win situation for the local community and the school as it helps businesses attract customers and it provides students with greater security and convenience."

Merchants interested in joining the BbOne network at University of Pittsburgh may call 800-576-9279 for more information.

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.(TM)

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 November 9, 2006 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of February 20, 2007. 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 20, 2007.

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


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

SOURCE: Blackboard Inc.