Introduction to Blackboard
- Become the operating system for Education
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- High growth end markets
- Recurring revenue through annual subscriptions
- Scalable software economics with low services component
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- Facilitate rapid and deep branded adoption on campus
- Grow license value and increase installed base
- Generate end-user revenues
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- Most widely used and recognized brand in education
- Over 2,000 institutional clients in 50 countries
- 2003 revenues of $92.5 million and profitable
- Q2 2004 revenues of $26.4 million and net income of $1.1 million
- Rapidly growing (2001-2003 CAGR: 41%)