|Blackboard Sees Strong Momentum for Collaboration Solutions|
Elluminate Recognized in Leading Analyst Firm's Magic Quadrant
WASHINGTON, Dec. 16, 2010 /PRNewswire/ -- Blackboard Inc. (Nasdaq:BBBB) today reported strong momentum in customer demand for Blackboard Collaborate solutions since the acquisition of Elluminate and Wimba was announced in July 2010. In addition, Elluminate has been recognized as a "Visionary" in Gartner's "Magic Quadrant for Web Conferencing," an influential industry report.*
According to Gartner, a leading research and advisory firm, "the market for Web conferencing, teaming and social software will grow at a compound growth rate of more than 20 percent through 2011. Due to global economic challenges, interest in Web conferencing is at an all-time high as companies look to cut costs."