"
For some time, industry visionaries have recognized that producing secure
software is not a single event, and requires a program-level commitment to
security throughout the software development lifecycle. No
matter how an organization chooses to develop software, the philosophy of the
ASAP is to embrace a broad set of principles to improve the security of that
software. SPI Dynamics is privately held with headquarters in Atlanta,
Georgia ."

Mercury Interactive Corporation ( http://www.

Demonstrations of these features and others in Release 7. In addition, the forward-looking statements
included in this press release represent the Company's views as of October
18, 2005.

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org )
"Software vulnerabilities are a fundamental part of the information
security problems we face today., with offices in North America, Europe and Asia.

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I consider the Secure Software Forum to be a step towards that solution and
one of the most important events of 2005. Dynamics Incorporated
SPI Dynamics, the expert in business application security testing and
assessment, provides products that empower organizations to address flaws in
the application layer throughout the lifecycle, and assess the risk associated
with current business applications that are already in active use within the
corporate environment.org )
"The Information Systems Security Association (ISSA), the largest not-for-
profit association of information security professionals, strongly supports
the Secure Software Forum.0 of the Blackboard Academic Suite demonstrates Blackboard's
commitment to deliver a truly global solution that connects diverse users
within and across academic institutions to the larger Networked Learning
Environment ," said Michael Chasen, President and CEO of Blackboard.

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I.
"Security is of paramount importance at every stage of a product's life
cycle," said Mary Ann Davidson, chief security officer at Oracle Corp.

Because of the wide variety of development models, languages and tools in
use, no two organizations will secure their software development in exactly
the same way.spidynamics. Jack ,
CEO of Fortify Software. The Center supports the concept of the
Application Security Assurance Program (ASAP), and encourages industry
participation in the Secure Software Forum and in subsequent events."

Clients can download Release 7.

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com .I. Release 7. "The
new features in this release are critical to our global expansion, enabling
academic institutions all over the world to offer customized teaching and
learning content in the language native to their students.

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Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its
affiliates.com )
"Application security is truly a lifecycle requirement."

Center for Internet Security ( http: //www. These improvements include an asynchronous
import/export/archive/restore function so instructors and administrators no
longer have to wait while courses and materials are being updated or
archived to perform other tasks.

Blackboard

Educate.

He compiled his philosophy in a narrative poem which survives only as fragments.

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Co-sponsored by Microsoft Corporation, Fortify
Software, Mercury Interactive Corporation, and Information Systems Security
Association (ISSA), Forum participants will share best practices and key
issues that must be solved to ensure more secure software development ."
There are a myriad of different software development lifecycle models and
methodologies , each with an end goal of creating higher quality software.
Department of Homeland Security
- Theresa Lanowitz, Research Director focusing on Application Testing and
Development , Gartner
- Ira Winkler, CISSP, CISM, Global Security Strategist, CSC Consulting
and Renowned Author and Industry Expert
- Brian Cohen, President and CEO, SPI Dynamics
- Brian Chess, Founder/Chief Scientist, Fortify Software
- Dave Cullinane, CISO Washington Mutual and ISSA International President
- Rajesh Radhakrishnan, Sr. In addition to the enhanced foreign language
capabilities, Release 7."

During pre-release testing, this release was well received by Blackboard
clients. This new release has performed
well, with faster speeds than our system had previously.

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On February 15, 2005 in San Francisco, Calif. Security
professionals alone cannot sufficiently patch security defects or fully
prevent the exploitation of application level vulnerabilities ," said Brian
Cohen, president and CEO of SPI Dynamics.0 of the Blackboard Academic
Suite comes with standard language packs providing support for English,
Simplified Chinese, Dutch, French, German , Italian, Japanese and Spanish.

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P.
"Application security is a top priority for the IT community and we're pleased
that SPI Dynamics brought us together in this forum to discuss best
practices."

SPI Dynamics ( http://www.cisecurity.
Any other language can be created with the Blackboard system by utilizing
the new Language Pack Editor.

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S. Director, Product Marketing, Mercury
Interactive Corporation
- Fred Rica, PricewaterhouseCoopers National Partner, Threat +
Vulnerability Assessment Services
- Charles Steen, Chief Privacy and Data Security Administrator , Catholic
Healthcare West (CHW)

For more information on the Secure Software Forum , please
visit http://www."

Information Systems Security Association (ISSA) ( http://www .

Blackboard Inc.

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com or call
(678) 781-4800.fortifysoftware.

PRESS RELEASE Blackboard Globalizes Its Latest Product Release -- Release 7 of the Blackboard Academic Suite

-- Blackboard Backpack: a tool which faculty and students can purchase to
synch content from the Blackboard system to their personal computer or
tablet PC, enabling offline access to Blackboard courses, announcements ,
calendar items, tasks and high-quality content materials.

A host of improvements to the backend database functionality, aimed at
aiding administrators, have also been included in Release 7. Everywhere.

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Leading organizations are already making substantial headway in the
effort to build security into their underlying methodologies by creating
internal programs to address security in all phases of the software
development lifecycle.com )
"Software security problems must be addressed at the root cause to
effectively protect core assets and private information," said John M.com )
"Mercury is committed to helping customers deliver high quality business
applications , while minimizing organizational risk," said Rajesh
Radhakrishnan, senior director of product marketing at Mercury.0 of the Blackboard Academic Suite,
at the EDUCAUSE 2005 Annual Conference, "Transforming the Academy: Dreams
and Reality. Founded in
1997, Blackboard enables educational innovations everywhere by connecting
people and technology. 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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P. The goal of the Secure Software Forum is to provide a
starting place for cross-industry discussions and education on how best to
implement an Application Security Assurance Program (ASAP).

About S. In addition, new installers and updaters
have been designed with client input to make updates more efficient and
intuitive.

According to Terry Verity, CIO of Seneca College, "Seneca College is very
pleased with Release 7.

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Software
developers, quality assurance professionals, corporate security auditors,
compliance officers and security operations experts use WebInspect products
throughout the application lifecycle to identify security vulnerabilities that
would otherwise go undetected by traditional corporate Internet security
measures.com )
"Through our Trustworthy Computing initiative, Microsoft is continuously
designing and implementing new and better processes for developing more secure
code and we are committed to sharing our learnings with the industry," said
Steve Lipner, Director of Security Engineering Strategy at Microsoft Corp . "We are very pleased that this
diverse group of industry leaders has come together to share their experiences
and emphasize the fundamental importance of developing an ASAP to address
application security across the software development lifecycle. (NASDAQ: BBBB), a leading provider of software and services to the
education industry and corporate and government sectors launched its latest
software release today, Release 7.0 of the Blackboard Academic Suite features a wide
variety of capabilities that enhance teaching and learning and enable it to
occur anytime, anywhere.

A sampling of the new features include:

-- Multi-byte Language Support: enables institutions to run multiple
languages (including multi-byte character languages such as Chinese and
Japanese) on the same system, supporting cross border education as well as
foreign language courses. These
forward -looking statements should not be relied upon as representing the
Company's views as of any date subsequent to October 18, 2005.

considers contrasting

Dynamics Incorporated announced
today the Secure Software Forum in an effort to raise awareness of the
critical need for software security assurance across the software development
lifecycle.securesoftwareforum.I. Dynamics Incorporated. Innovate.

The best-known of the Eleatic school of early Greek thinkers, and a foundational influence in classical Western thought.

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, the Forum will bring
together industry leaders, top analysts, industry spokespeople, notable
academic leaders and the vendor community spanning all disciplines within the
application lifecycle. Although these goals may not be
achieved overnight, they will have a significant and lasting impact on
multiple sectors of critical infrastructure. However, by increasing public awareness of the need for
comprehensive , systemic approaches to secure software development, the Secure
Software Forum champions an open dialogue between experts that all
organizations can benefit from.
SPI Dynamics is a trademark of S.microsoft. The Secure Software
Forum is assembling an impressive group of influential thought leaders to turn
the theory of building secure software into practice.
EDUCAUSE 2005 Annual Conference -- Blackboard
Inc.0 of the
Blackboard Academic Suite. Blackboard is headquartered in Washington,
D.

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(NASDAQ: BBBB) is a leading provider of enterprise software
applications and related services to the education industry. 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 Quarterly Report on Form 10-Q filed on
August 3 , 2005 with the SEC. The Company anticipates that subsequent events and developments
will cause the Company's views to change.

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"Only by collaboration
between top thinkers representing all stakeholders can we solve this problem. "By
integrating security-testing solutions with Mercury Quality Center , we enable
our customers to ensure that all aspects of application quality are addressed
across the application lifecycle.issa.

About Blackboard Inc.C.

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Developers and testers must be held ultimately accountable for
their share of security best practices, and to do so, they require a
combination of comprehensive automated tools and education."

Release 7.0 of the Blackboard Academic Suite will enable teachers and
learners around the globe to educate and innovate everywhere by bringing
powerful multi-language and mobile capabilities to Blackboard software.

-- Language Pack Editor: allows users of the Blackboard Academic Suite to
customize any of the eight Language Packs (full translations of all
Blackboard system text) offered or create a new Language Pack .

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Forum participants to include:

- Mary Ann Davidson, CSO Oracle Corporation (Forum Keynote)
- Jim Reavis, Editor, CSOinformer and Vice President, ISSA (Forum
Moderator)
- Steve Lipner, Director of Security Engineering Strategy, Microsoft
Corporation
- Amit Yoran, Former National Cyber Security Division Director, U. SPI Dynamics' internal research and development group, SPI Labs, is
recognized as the unequivocal authority on web application security.

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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From design through
development , testing and deployment, a multi-disciplinary approach must be
taken to deliver a quality software product that minimizes organizational
risk. SPI Dynamics is
committed to a continuous effort to raise awareness that security best
practices require dedication and focus throughout an entire software
development organization and cannot be solely the responsibility of security
professionals."

-- Blackboard Quick Tutorials: provides user training tutorials in the
form of short animated demos, covering new and key capabilities in
Blackboard, available to instructors and administrators from within the
Blackboard system.

"Release 7.0 of the Blackboard Academic Suite in the
reference center provided on Behind the Blackboard, a dedicated
extranet and password -protected area of the Company's Website.

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All other
companies and products mentioned are trademarks or registered trademarks of
their respective owners and/or affiliates. The impact of insecure software is felt by
virtually everyone, and as such it is incumbent upon the security practitioner
to reach outside of the security function of their organization and work with
other stakeholders to help improve the inherent quality of software
development.0 of the
Blackboard Academic Suite are being given at the Blackboard booth # 413 in
the exhibit hall at EDUCAUSE.0 of the Blackboard Academic Suite , a
mission-critical system on Seneca's campus.

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"Understanding how to better manufacture software that is free from
defects and secure is fundamental to our economy," said Jim Reavis, Editor,
CSOinformer , Vice President, ISSA, and Forum Moderator. For more information, visit http://www. The Center for Internet Security (CIS),
devoted to helping organizations around the world effectively manage the risks
related to information security, is proud to join other industry leaders in
supporting the Secure Software Forum. The multi-language
capabilities of Release 7.

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"It is
crucial for the software industry and organizations purchasing software to
make security part of their corporate DNA.spidynamics .

Microsoft Corporation ( http://www.mercury.
This major global release provides a robust platform upon which future
Blackboard innovation will follow.0 of the Blackboard Academic Suite are tremendous
and enable Seneca to enhance our market position.

thinkers considers

Secure Software Forum Spotlights Software Development to Bring Focus to Application Security as a Lifecycle Issue

Software Industry Luminaries to Discuss Best Practices and the Critical Need
for Application Security Assurance for More Secure Software

ATLANTA, S. Among these principles are:

- An executive level commitment to secure software;
- Security must be a consideration from the very beginning of the
software development lifecycle;
- Secure software development must encompass People , Process and
Technology;
- An adoption of metrics to measure security improvements and enforce
accountability; and,
- Education as a key enabler of security improvements .P. The company's flagship product line, WebInspect,
assesses the security of an organization's critical applications and web
services."

Fortify Software ( http://www. "It is essential that security is seamlessly
integrated throughout the software development lifecycle. These language
capabilities are important both for our partnerships in China as well as
for enhancing student communication at our main campus. With two product suites, the Blackboard Academic
Suite and the Blackboard Commerce Suite, Blackboard is used by
millions of people at academic institutions around the globe, including
colleges, universities, K-12 schools and other education providers, as well
as textbook publishers and student-focused merchants that serve education
providers and their students.

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