Under this expanded program, Springer will provide the
vast majority of relevant Russian scientific content, making the company the
market leader in the sector with more than 150 journals from this region.

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Instructors will benefit from
possibilities for new methods of instruction and more effective and
efficient class administration.

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It also has 25 prominent book
series that contain, in total , approximately 2,700 volumes, handbooks,
reference works, and databases. "We could not be more excited about working together with the
university to enable educational innovations for their faculty, students
and entire campus community.

Blackboard

Educate.

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"The Blackboard system was chosen for its broad functionality, large user
base amongst major institutions, an accessible community of expert users
and developers in the Toronto area and its intuitive user-interface; a high
priority for our faculty as expressed in university-wide surveys," said
Professor David Farrar, Deputy Provost and Vice-Provost of Students at
University of Toronto.

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The journals include prestigious
publications such as JETP (Journal of Experimental and Theoretical Physics)
and Physics of the Solid State, both previously distributed by the American
Institute of Physics (AIP), as well as prominent journals such as Doklady
Mathematics, previously distributed by EBSCO., with offices in North America, Europe and Asia. In addition, the forward-looking statements
included in this press release represent the Company's views as of February
14, 2006.

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"
SpringerLink contains over 1,200 journals . Its publication spectrum includes
biomedicine and life sciences, clinical and practice-oriented medicine,
physics, technology, mathematics, geosciences, computer sciences, economics
and humanities .

For enquiries, please contact:

Joan Robinson
Springer
Telephone: +49-(0)-6221-487-8130
joan.com

PRESS RELEASE University of Toronto Selects Blackboard for e-Learning

The Blackboard Commerce Suite features three enterprise
software applications supporting cashless transactions on-campus,
off-campus and online and allowing for identification and security access.

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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 Quarterly Report on Form 10-Q filed on
November 7, 2005 with the SEC.

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Springer is one of the oldest and leading international scientific
publishing companies and ranks second in the world in the science,
technology, and medicine sector (STM).

The university also licenses the Blackboard Commerce Suite for its
campus services.C.

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"The arrangement with MAIK Nauka will also cover the development
of new publications for the scientific information market, " he added, "for
example, individual spin-offs from existing journals, and 'premium journals,'
which provide users with an electronic link between journals and handbooks on
specific topics. (NASDAQ: BBBB) is a leading provider of enterprise software
applications and related services to the education industry.

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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.

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"

About Blackboard

Blackboard Inc. With two product suites, the Blackboard Academic
Suite and the Blackboard Commerce Suite, Blackboard is used by
millions of people 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. These
forward-looking statements should not be relied upon as representing the
Company's views as of any date subsequent to February 14, 2006 .

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Springer Expands Market Leadership in Russia Through New Journals Agreement With the Publisher of the Russian Academy of Sciences

robinson@springer-sbm. Blackboard is headquartered in Washington,
D . Everywhere.

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(NASDAQ: BBBB), a leading
provider of technology to educational institutions and corporate and
government agencies, announces the University of Toronto, a leading
teaching and research university in Canada, has licensed the Blackboard
Academic Suite, a suite of three integrated software products which
support a Networked Learning Environment.

"We commend the University of Toronto for the comprehensive fact-finding
process they embarked upon to make sure they selected the right partner for
their e-Learning initiatives," said Michael Chasen, CEO and President of
Blackboard .

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Blackboard Inc.

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A Networked Learning
Environment enables students and teachers to learn, connect and share
educational materials and resources from practically any location and at
any time.

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The Russian Library of Science will contain the best articles and papers
from research institutes and scientific societies in Russia and the
surrounding countries. 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.

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Springer also provides an historical online
archive going back to the year 1860.

The University of Toronto buying decision included extensive consultation
with faculty, students, staff, and other universities.

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Innovate.

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It publishes 1,350 journals and over 3,500 new books every
year, from 13 locations around the world.

The Blackboard Academic Suite fosters Web-based and Web-enhanced learning
and is used by hundreds of universities, colleges and K-12 schools in North
America and abroad. The Company anticipates that subsequent events and developments
will cause the Company's views to change.

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Content From MAIK Nauka/Interperiodica to be Made Available to
Subscribers of SpringerLink

NEW YORK, HEIDELBERG, Germany and MOSCOW, Russia,
Springer and MAIK Nauka/Interperiodica announce a major expansion of the
English-language journals program of the Russian Academy of Sciences.
Starting in January, 2006, some 105 of the most important scientific
journals will be translated into English and compiled into an independent
online library within SpringerLink, the Internet portal of Springer, under
the name "Russian Library of Science ".

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The university plans to utilize the system immediately to enhance the
student experience by providing improved integration of digital resources,
better communication and collaboration utilities and a consistent,
web-based interface across courses. Founded in
1997, Blackboard enables educational innovations everywhere by connecting
people and technology.

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The initial result will be an
expansion of the Springer catalogue of Russian journals in English by
approximately 50 new journals, with further expansions anticipated during the
course of the agreement.
"The new program opens the door for the worldwide scientific community to
gain access to leading Russian research literature, all with a few clicks on
SpringerLink," commented Rudiger Gebauer, Springer's President , Global
Publishing.