Blackboard Partners with Imagine America Foundation To Bring Online Learning to Military Veterans

Blackboard Partners with Imagine America Foundation To Bring Online Learning
to Military Veterans
Company Also Sponsors President Clinton Keynote at 2010 Career College
Association Convention

WASHINGTON, Oct. 27 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq: BBBB)
today announced a partnership with the Imagine America Foundation, an
associated foundation of the Career College Association, to bring online
education opportunities to military veterans in an effort to help them acquire
skills needed for success as they move into civilian careers.

As part of the partnership, Blackboard's Professional Education division will
work with Imagine America, a nonprofit organization, in support of the IAF
LDRSHIP Award over the next five years. Established in 2004, the annual
LDRSHIP Award provides eligible military personnel currently enrolled in a CCA
institution the opportunity to further their education with grants to put
towards their courses of study. Blackboard's support will help veterans,
reservists and honorably discharged or active duty young men and women
preparing to return from military service to pursue career education.

"We are grateful to Blackboard for their support of this important program for
the United States military community," said Robert L. Martin, President IAF.
"Blackboard's commitment to adult education creates a wonderful opportunity
for the deserving men and women who work so hard on behalf of our country."

Last week, the Career College Association also announced that former commander
in chief President Bill Clinton will address its 2010 annual convention in a
keynote sponsored by Blackboard. At the event, Clinton will speak to over
1,000 CCA members representing private postsecondary schools, institutes,
colleges and universities across the country that offer career-specific
education programs. Blackboard works with many of the CCA's member
organizations to meet the increased demand for career education and the
growing interest in effective learning programs that match the diverse
schedules and realities of today's learners.

"Career colleges are increasingly serving the kind of students - working
adults, parents and military veterans - whose success will have a major impact
on the health and future of our nation's economy and workforce," said Tim
Hill, President of Blackboard Learn, Professional Education. "No one
understands the intersections between education, opportunity and the economy
as well as President Clinton, who has spent a career as governor, president
and world leader working to improve the ability for workers and learners at
all levels to compete."

"We are honored to have Blackboard sponsor President Clinton's participation
in our 2010 annual convention," said Harris N. Miller, President of CCA.
"President Clinton has been a true champion of higher education and this is an
extraordinary opportunity to highlight the career education sector, our
institutions, the work we perform and the students we serve."

President Clinton's keynote address will take place during the convention's
General Session on June 11, 2010 at the Palazzo Hotel in Las Vegas, Nevada.
Registration for the 2010 convention is now open at:
http://www.ccaconvention.org.

For more information about Blackboard's solutions for career colleges, please
visit: http://blackboard.com/careercolleges.

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.

About the Imagine America Foundation
The Imagine America Foundation, established in 1982, is a not-for-profit
organization dedicated to providing scholarship, research and training support
for the career college sector. Since its inception, the Foundation has
provided over $35 million in scholarship and award support for graduating high
school seniors, adult learners and U.S. military veterans attending career
colleges nationwide through its award-winning Imagine America(®) programs. The
Foundation also publishes vital research publications for the higher education
sector, honors achievement in career education and supports faculty and staff
training. For more information about the Imagine America Foundation's
scholarship and award programs, please visit www.imagine-america.org.

About the Career College Association
The Career College Association is a voluntary membership organization of
private, accredited postsecondary schools, institutes, colleges and
universities that provide career-specific educational programs. CCA has more
than 1,400 members that educate and support over one million students each
year for employment in over 200 occupational fields. CCA member institutions
provide the full range of higher education programs: masters and doctoral
degree programs, two- and four-year associate and baccalaureate degree
programs, and short-term certificate and diploma programs. Visit CCA at
www.career.org.

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 6, 2009 with the SEC. In addition, the
forward-looking statements included in this press release represent the
Company's views as of October 27, 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 October
27, 2009.

SOURCE Blackboard Inc.

Matthew Maurer of Blackboard Inc., +1-202-463-4860, ext. 2637, or
matthew.maurer@blackboard.com