This
specification will make it possible for such materials to be easily
integrated and distributed in different course management systems, such as
the Blackboard Learning System. We believe the combination of
Blackboard's proven enterprise e-Learning platform, and our
standards-based, open architecture Building Blocks program enables
developers to easily customize and extend Blackboard's products.
Over the last 25 years, he has led the company 's successful transition
from an analog audio pioneer to a digital entertainment company that
has made consumers aware of just how good audio can sound.

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While attending the quarterly IMS Global Learning Consortium meeting,
Blackboard today announced sponsorship of the upcoming IMS Advanced
Learning Technology Interoperability (Alt-i-Lab) 2005 Conference, to take
place June 20-22 in Sheffield, England .2 charter for vote. "Our company was founded with standards
as a basic principle and our original focus of effort, and standards
continue to guide our efforts to this day. CEOs are chosen because they are at the top of their
game and key to the continued success of their companies. Jasper oversaw
Dolby Laboratories' move from a private business to a publicly traded
company, in what is already considered one of the top IPOs of 2005. de Geus was named
CEO of the Year by Electronic Business magazine; and in 2004,
Entrepreneur of the Year in IT for Northern California by Ernst +
Young .

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"Blackboard is committed to working with the IMS Learning Consortium to
ensure that standards and interoperability remain a top priority, not only
for Blackboard and its clients, but across the industry," said Matthew
Pittinsky, Chairman of Blackboard. In 2002, after
transacting the largest merger in EDA history, Dr.

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In addition, Blackboard's Director
of Standards and Interoperability, Jan Poston Day has agreed to serve as
Co-Chair of the IMS Content Packaging Working Group. Today Blackboard plays an active role at all levels of the
IMS Global Learning Consortium with representation on the following groups:

-- IMS Technical Board; co-chair of the IMS Tools and Interoperability
Working Group
-- IMS Content Packaging; co-chair of the IMS Content Packaging Working
Group
-- IMS ePortfolio Working Group; contributing member

The upcoming Alt-i-Lab conference is an important event for the world of
standards because its goal is to demonstrate interoperability between
disparate course management and learning tools, including both open source
and commercial products.
In addition, the forward-looking statements included in this press release
represent the Company's views as of May 10, 2005.
Jasper received a BS degree in industrial engineering from Stanford
University, and an MBA in finance from the University of California,
Berkeley. He was made a
Fellow of the Institute of Electrical and Electronics Engineers (IEEE)
in 1999 and received the IEEE Circuits and Systems Society Industrial
Pioneer Award for commercializing logic synthesis .org

AeA, founded in 1943, is a nationwide non-profit trade association
that represents all segments of the technology industry and is
dedicated solely to helping our members' top line and bottom line.

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Content Packaging addresses the
description, structure, and location of online learning materials and the
definition of some particular content types.

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The IMS Content Packaging
Working Group, co-chaired by Blackboard and Wilbert Kraan of the Centre for
Educational Technology Interoperability Standards (CETIS) is working to
release a new policy titled the Content Packaging v 1.

About Blackboard Inc. Jasper has been leading Dolby Laboratories through another
exciting transformation -- shifting from a company with a focus purely
on audio to one that is widely recognized for its world-class
expertise in both audio and video.

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(NASDAQ: BBBB), a leading provider of e-learning software and services, is
demonstrating continued commitment to the IMS Global Learning Consortium
Inc., with offices and staff in North America,
Europe and Asia. 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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One month following Alt-i-Lab, Georgetown University will host Blackboard
developers at the 3rd Annual Blackboard Building Blocks Developer
Conference from July 18-19, 2005.
Blackboard's clients include colleges, universities, 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.----AeA, the
nation's largest high-tech industry association, announced today that
William Jasper, CEO and President of Dolby Laboratories , and Aart de
Geus, CEO of Synopsys, will speak at the 2005 AeA/Stanford Executive
Institute to be held on August 7-18.

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PRESS RELEASE Blackboard Embraces IMS Global Learning Consortium; Sponsors Upcoming Alt-i-Lab Conference

At a time when standards and
interoperability issues are of preeminent concern to decision makers at
academic institutions around the country and world, Blackboard Inc .

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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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 most recent 10-K filed with the SEC.

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Blackboard has worked closely with IMS since 1997, initially serving as its
primary technical contractor, to assist in defining many of the original
specifications. Blackboard will be representing the learning management
systems vendor community later this month. Past
speakers have included Craig Barrett , Intel; Scott McNealy, Sun
Microsystems; Andy Grove, Intel; Brian Halla, National Semiconductor
and Richard Levy, Varian Medical Systems.
The AeA/SEI is an intensive eleven-day executive education program
designed to sharpen the business skills, strategy and leadership
perspectives of experienced technology leaders.
William Jasper joined Dolby Laboratories in 1979 as Vice
President, Finance and Administration. Most recently, Mr.

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Blackboard will unveil this project in June at the
Alt-i-Lab Technology Exchange. Aart de Geus co-founded Synopsys in 1986 and, as Chairman and
CEO , has expanded Synopsys from a start-up synthesis enterprise to a
world leader in electronic design automation (EDA).

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Dr. He is also heavily involved in
education for the next generation, having created in 1999 the Synopsys
Outreach Foundation, which promotes project-based science and math
learning throughout Silicon Valley.

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The Institute combines
the expertise and resources of AeA and the world -renowned Stanford
University's Department of Management Science and Engineering and
Graduate School of Business.

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Bob Alcorn, Senior Architect at Blackboard
currently co-Chairs the IMS Tools and Interoperability Working Group.

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Jasper became
Executive Vice President, and in 1983 he was named company President .

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Dolby Laboratories Synopsys CEOs to Speak at AeA/Stanford Executive Institute

Dr.

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As part of its work with the IMS Tools and
Interoperability Working Group, Blackboard will also demonstrate a new
project to enhance interoperability among various tools and course
management systems. These forward -looking
statements should not be relied upon as representing the Company's views as
of any date subsequent to May 10, 2005.
Each year, AeA selects two top CEO Guest speakers to share their
insight and leadership perspectives with the more than 100 high-tech
senior executives who attend the annual AeA/Stanford Executive
Institute (SEI).

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The IMS Content Packaging Group, (part of the IMS Global Learning
Consortium), is defining a specification to describe and package learning
materials , such as an individual course or a collection of courses.

Blackboard is a leading provider of enterprise software applications and
related services to the education industry. The Company anticipates
that subsequent events and developments will cause the Company's views to
change. Since 1975, the Institute has developed
the careers of more than 3,200 technology executives.
For more information about the speakers or the AeA/Stanford
Executive Institute, please contact Jeannine Seremi-Banayat at
408-987-4276 or js_banayat@aeanet.

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C. de Geus is active in the business community as a member of
the board of the Silicon Valley Leadership Group (SVLG), the
Electronic Design Automation Consortium (EDAC), and the Fabless
Semiconductor Association (FSA).

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Strategies will be
offered to advance interoperability in the supply chain for scholarly and
educational information. In 1981, Mr.

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"

In addition to presenting at the upcoming Alt-i-Lab conference, Blackboard
will participate in a Pre-Standards Workshop on Digital Rights Expression
later this month. The Company's product line
consists of five software applications bundled in two suites, the
Blackboard Academic Suite and the Blackboard Commerce Suite . In recent
years, Mr. We
do this in partnership with our small , medium, and large member
companies by lobbying governments at the state, federal, and
international levels; providing access to capital and business
opportunities; and offering select business services and networking
programs.

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Business Editors/High-Tech Writers
AeA/Stanford Executive Institute

SANTA CLARA, Calif.

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This workshop sponsored by the
National Information Standards Organization (NISO) will examine current
practices in favor of rights expression and management.

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