Blackboard Completes Acquisition of ANGEL Learning, Inc.

WASHINGTON, May 11 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq: BBBB), a
global leader in education technology today announced the completion of its
acquisition of ANGEL Learning, Inc., a leading developer of e-learning
software to the U.S. education industry. As previously announced, Blackboard
is acquiring ANGEL for approximately $95 million, net of cash acquired and
excluding transaction costs.

The acquisition combines ANGEL's record of innovation and client service with
Blackboard's own innovation, financial strength and industry leadership to
create a stronger, more flexible supporter of teaching, learning and student
engagement. The combined company aims to accelerate the pace of innovation and
interoperability in e-learning, and will continue to invest in solutions to
more effectively support teachers and learners. The acquisition will also
enable Blackboard to incorporate ANGEL's client-first culture that has
translated into consistently excellent experiences and high retention of ANGEL
Learning clients.

A Combined Focus on Teaching and Learning

Blackboard's acquisition of ANGEL Learning will introduce a range of benefits
to institutions and the e-learning community, including:

-- A combined global community of practice of more than 5,800 K-12
schools,
colleges and universities, government organizations and corporations
-- A broader, unified platform for the general media, publishers and
e-learning software developers that increases interoperability for
institutions
-- A world-class service and support organization benefiting from
best-practices and infrastructure investments
-- Industry leading e-learning technology expertise including
specialization on Microsoft's .NET platform and Microsoft
technologies
-- A stronger company with a greater capacity to invest in research and
development for new solutions over time

About Blackboard Inc.
Blackboard Inc. (Nasdaq: BBBB) is a global leader in enterprise technology and
innovative solutions that improve the experience of millions of students and
learners around the world every day. Blackboard's solutions allow thousands of
higher education, K-12, professional, corporate, and government organizations
to extend teaching and learning online, facilitate campus commerce and
security, and communicate more effectively with their communities. Founded in
1997, Blackboard is headquartered in Washington, D.C., with offices in North
America, Europe, Asia and Australia.

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. These forward looking statements include
statements about our acquisition of ANGEL Learning, Inc. 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 May 7, 2009 with the SEC. In
addition, the forward-looking statements included in this press release
represent the Company's views as of May 11, 2009. 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 May 11,
2009.

SOURCE Blackboard Inc.

For Financial Media and Investors, Michael J. Stanton, Senior Vice President,
Investor Relations, +1-202-463-4860 ext. 2305, or For Education & General
Media, Matthew Maurer, Director, Public Relations, +1-202-463-4860 ext. 2637,
matthew.maurer@blackboard.com, both of Blackboard Inc.