Blackboard Wins Platinum and Gold in eLearning Guild Members Choice Awards for Learning Management Systems

Market Wire, April, 2007

Blackboard Inc. (NASDAQ: BBBB), a leading provider of enterprise learning technology, is pleased to announce that the recently published "2007 eLearning Guild 360-Degree Research Report on Learning Management Systems" has identified Blackboard as the recipient of two Members Choice Awards for Learning Management Systems. Blackboard received the Platinum Award in the Market Share Category for Education and Government Learning Management Systems. The Platinum Award goes to the top performer in each category. Blackboard was also awarded the Gold Award in the Satisfaction Category for Education and Government Learning Management Systems. The Gold Award is given to the other top performer(s) in each category.

Awards were based on data collected from The eLearning Guild members, with over 2,300 respondents contributing to market data and 1,200 respondents contributing to satisfaction ratings. The report identified Blackboard with strong results in areas including vendor responsiveness, learning and implementation curve, and cost benefit.

"Blackboard continues to prove its commitment to enterprise learning technology by providing a solution that is very easy to deploy, simple to use, and provides ROI very quickly," said Tim Hill, President, Professional Education Solutions at Blackboard. "These awards, selected by clients, prove Blackboard's value for delivering impactful training and learning in our corporate and education customers."

About The eLearning Guild's "eLearning Guild 360-Degree Research Report on Learning Management Systems"

The eLearning Guild ( http://www.elearningguild.com ) is a global Community of Practice for e-Learning professionals and provides learning opportunities, networking services, resources, and publications for over 25,000 members. This 300+ page Guild 360-Degree Report offers expert data analysis on the single largest pool of data ever collected on LMS systems, interviews with key industry executives, commentary from key industry leaders, and much more.

About Blackboard Inc.

Blackboard Inc. (NASDAQ: BBBB) is a leading provider of enterprise learning software applications and related services. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. Millions of people use Blackboard everyday at corporations, government agencies, and military and academic institutions around the globe. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.

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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-K filed on February 23, 2007 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of April 25, 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 April 25, 2007.

Senior Manager Public Relations at Blackboard: Melissa Chotiner Blackboard Inc. 202-463-4860 ext. 2404 Email Contact Media Contact, Fleishman-Hillard: Amy Storey Fleishman-Hillard Inc. +1 202 828-8819 Email Contact