January 24, 2017 1:58 PM ET


Company Overview of Blackboard Inc.

Company Overview

Blackboard Inc. provides enterprise technology and solutions for the educational industry. It offers Blackboard Learn, an education technology platform that supports staff and programs to achieve academic goals; Blackboard Collaborate that provides a learning platform for collaborative, interactive, and mobile learning experiences; Blackboard Connect that provides notification service to cities, campuses, and schools; and Blackboard Transact, which enables students to make purchases on and off campus by using their ID cards. The company also provides Blackboard Analytics, a platform that transforms enterprise data into actionable information; Blackboard Mobile that enables learners, educator...

650 Massachusetts Avenue N.W.

6th Floor

Washington, DC 20001-3796

United States

Founded in 1997

1,780 Employees





Key Executives for Blackboard Inc.

Chairman, Chief Executive Officer and President
Age: 48
Chief Financial Officer
President, General Manager, and Chief Operating Officer of Transact
President of Edline
Principal Accounting Officer and Vice President of Finance & Accounting
Age: 43
Compensation as of Fiscal Year 2016.

Blackboard Inc. Key Developments

Dropbox Inc. and Blackboard Inc. Announces a Strategic Partnership

Dropbox and Blackboard Inc. announced a strategic partnership designed to make it easier for students and instructors to upload, share and collaborate on documents — increasing the productivity, security, and collaboration at universities around the world. The partnership, first of its kind for both companies, makes Dropbox Blackboard’s Premier Partner for collaboration, workflows, and storage. Dropbox’s integration with Blackboard will enable students and instructors to use one of the most powerful cloud collaboration platforms in the world alongside the industry’s leading learning management system (LMS). Users will be able to easily and securely access content stored in Dropbox directly from Blackboard Learn. The seamless integration is designed to simplify access to course material, save instructors and students time, and support greater campuswide collaboration.

Blackboard Inc. to Release Updates to Blackboard Learn

Blackboard Inc. announced the usability enhancements to Blackboard Learn, its Learning Management System (LMS). The enhanced workflows and improvements are intended to help faculty members better accomplish core teaching tasks and allow students to complete coursework quickly. The latest release of the Original experience will include: Increased responsiveness: new enhancements to the Learn 2016 theme, introduced earlier this year, provide greater responsiveness for small devices. Faculty and students will be able to do more via their tablets and mobile phones. A deeper integration with Dropbox: users can now link to their content and submit assignments directly from their Dropbox account. Ability todrag & drop files: when instructors create content items, assignments, and blank pages, they can drag files from their computers to the "hot spot" in the content area. Students can also drag files to upload when they submit assignments. Blackboard will also make the REST API framework available to all customers as its Technical Preview ends. REST APIs allow easier integration and faster updates between commercial and community built extensions and the LMS – ultimately providing instructors with more powerful teaching and learning workflows. The Ultra experience for Blackboard Learn, which is deployed through SaaS, will also feature the new REST API framework. Other enhanced workflows include: Test & Assignment Student Activity Reports: faculty members can note details of when each student accessed, began, and made a submission to an assignment or test and Rubrics: instructors can ensure consistent and impartial grading and help students focus on assignments through the use of Rubrics.

Blackboard Inc. Announces Extension of Exchange Offer of Senior Notes

Blackboard Inc. ("Blackboard") announced that it has extended (i) the early tender deadline (the "Early Deadline") from 5:00 p.m., New York City time, on September 19, 2016 to 5:00 p.m., New York City time, on September 28, 2016 and (ii) the expiration time (the "Expiration Time") from 11:59 p.m. New York City time on October 3, 2016, to 11:59 p.m., New York City time on October 13, 2016, for its previously announced private offer (the "Exchange Offer") to certain eligible noteholders to exchange any and all of its outstanding $365,000,000 aggregate principal amount of 7.750% Senior Notes due 2019 (the "Old Notes") for newly issued 9.750% Second Lien Senior Secured Notes due 2021 (the "Exchange Notes") and solicitation of consents (the "consent solicitation") to eliminate certain restrictive covenants and events of default in the indenture governing the Old Notes, upon the terms and conditions set in the Confidential Offering Memorandum and Consent Solicitation Statement dated September 6, 2016 as supplemented and amended on September 26, 2016 (the "Offering Memorandum"). According to information provided by Global Bondholder Services Corporation, the information agent for the Exchange Offer and Consent Solicitation, as of 5:00 p.m., New York City time, on September 23, 2016, the company had received tenders and consents from holders of $54,882,000 in aggregate principal amount of the Old Notes, representing approximately 15.04 % of the total outstanding principal amount of the Old Notes. Certain terms, conditions and timing of the Exchange Offer and Consent Solicitation have changed, including the exchange consideration and certain terms of the Exchange Notes, including the maturity date and interest rate per annum. Eligible holders who validly tender and do not validly withdraw their Old Notes in the Exchange Offer prior to the Early Deadline will receive $1,038.75 in principal amount of Exchange Notes per $1,000 principal amount of Old Notes, which includes an Early Tender Payment of $50 in principal amount of Exchange Notes. While the Exchange Offer and consent solicitation has been amended to extend the Early Deadline, the deadline for holders who validly tendered their Old Notes to validly withdraw tenders of their Old Notes and revoke consents has not been extended. The withdrawal deadline expired at 5:00 p.m., New York City time, on September 19, 2016. Old Notes tendered for exchange may not be validly withdrawn and consents may not be revoked, unless it determines in the future in its sole discretion to permit withdrawal and revocation rights. For any Old Notes tendered after the Early Deadline but before the Expiration Time, eligible holders will receive $988.75 in principal amount of Exchange Notes per $1,000 principal amount of Old Notes. The Exchange Notes will not be registered under the Securities Act of 1933, as amended, or any other applicable securities laws and, unless so registered, the Exchange Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the Exchange Notes are being offered and issued only (i) to "qualified institutional buyers" and (ii) to non-"U.S. persons" who are outside the United States. Non U.S.-persons may also be subject to additional eligibility criteria.

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