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Technology Stocks : Blackboard Inc. (Nasdaq:BBBB)

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From: JakeStraw12/16/2010 9:23:08 AM
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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."
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