September 26, 2016 1:54 AM ET

Software

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

Phone:

202-463-4860

Fax:

202-463-4863

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 the Administrative Programs Division
President of Edline
Compensation as of Fiscal Year 2016.

Blackboard Inc. Key Developments

Blackboard Inc. Announces Exchange Offer and Consent Solicitation

Blackboard Inc. announced that it has commenced a private offer to certain eligible note holders described below to exchange any and all of its outstanding $365,000,000 aggregate principal amount of 7¾% Senior Notes due 2019 (CUSIP Nos U0921Q AA3 and 091935 AB2, ISIN Nos USU0921QAA32 and US091935AB22) for newly issued 9¼% Second Lien Senior Secured Notes due 2022 (the Exchange Notes), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated September 6, 2016. The purpose of the Exchange Offer is to enhance Blackboard's financial flexibility by refinancing the Old Notes to 2022. Eligible holders who validly tender and do not validly withdraw their Old Notes in the Exchange Offer on September 19, 2016 will receive $1,000 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. For any Old Notes tendered after the Early Deadline but before the Expiration Time (as defined below), eligible holders will receive $950 in principal amount of Exchange Notes per $1,000 principal amount of Old Notes. Eligible holders will also receive accrued and unpaid interest in cash on Old Notes accepted for exchange through, but not including, the settlement date for the Exchange Offer.

Blackboard Announces New Competency-Based Education Digital Readiness Tool to Help Institutions Develop, Implement Successful Programs

Blackboard Inc. announced the launch of the Competency-Based Education (CBE) Digital Readiness Tool. The new online self-assessment is designed to help institutions develop and implement successful CBE programs. The Digital Readiness Tool enables institutions to define their CBE program for viability and scalability; align their policies, practices and authority to deliver CBE; establish a curricular framework with faculty; create a powerful learning environment; and provide high quality touchpoints for faculty. The assessment was developed by Blackboard's team of CBE experts.

Blackboard Selects Examity as Exclusive Premier Partner for Online Proctoring

Examity and Blackboard Inc. announced a new partnership that increases the efficiency, security and convenience of online testing at hundreds of universities and corporations. The new venture makes Examity the exclusive Blackboard Premier Partner™ for online proctoring. The two companies have already developed customizations that enhance the online learning experience. Test-taker and exam information is imported automatically combining the technology of examiLINK® and the Blackboard Learning Management System.

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