Xythos Named to KMWorld's 100 Companies that Matter

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Web 2.0 Technologies and SaaS Delivery Methods Ease Document Collaboration - Xythos Software, a leading developer of document management and collaboration software announced that KMWorld Magazine has named the company as one of the "100 Companies that Matter in Knowledge Management." Compiled by KM practitioners, theorists, analysts, vendors and their customers and colleagues, this is the 8th year that KMWorld has published a list, and the 2nd consecutive year that Xythos has been selected for it.

Xythos Software, a leading developer of document management and collaboration software announced that KMWorld Magazine has named the company as one of the "100 Companies that Matter in Knowledge Management." Compiled by KM practitioners, theorists, analysts, vendors and their customers and colleagues, this is the 8th year that KMWorld has published a list, and the 2nd consecutive year that Xythos has been selected for it.

"The companies on our list simply must emphasize an abiding determination to serve their most important constituency: their customers," said Hugh McKellar, editor in chief of KMWorld. "Xythos has demonstrated this commitment by integrating new Web 2.0 functionality such as Wiki's, content tagging, and RSS feeds within its core products and online services. With this functionality, Xythos is helping organizations maximize the value of content by making it easier to discover and safer share to inside the enterprise and beyond."

As consumer-oriented social networking services have introduced an increasing variety of collaborative features, office workers have become attracted to them to meet their business needs. As a result, organizations are now challenged to provide similarly accessible and easy to use team collaboration tools of their own or risk loosing control of vital enterprise information. Xythos has responded to this challenge by delivering collaboration services which seamlessly integrate with businesses existing authentication and security standards. Users benefit from easy document sharing over the web, while IT departments are better able to manage enterprise-wide content compliance policies.

Xythos' web-based document collaboration technology is equally at home in Fortune 500 data centers as it is being consumed as software as a service or, SaaS by small businesses or individual departments. Its open standards-based design ensures easy integration within a wide variety of technology environments or business processes and it can be accessed through any web browser or desktop environment. Like other web services, it also provides customers with significant cost savings when compared with traditional enterprise content management or ECM systems.

"It is an honor to once again be included on the KMWorld 100 list," said Jim Till, chief marketing officer for Xythos. "This is validation of what we're also hearing from customers. They want the best of Web 2.0 collaboration without compromising policies or processes so that they can best leverage their enterprise information and become more responsive organizations."

About KMWorld:
The leading information provider serving the Knowledge, Document and Content Management systems market, KMWorld informs more than 50,000 subscribers about the components and processes - and subsequent success stories - that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc.

About Xythos Software:
Xythos Software is a subsidiary of Blackboard Inc. and a leading developer of document management and collaboration software. Its online services and products are licensed to millions of users at commercial, education and government organizations around the world for managing and sharing content throughout its lifecycle. Try Xythos on Demand today at http://www.xythosondemand.com or visit http://www.xythos.com to learn more about how Xythos is making online document management safer and easier for everyone.

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. 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 Form 10-K filed on February 20, 2008 with the SEC. In addition, the forward-looking statements included in this press release represent the Company's views as of March 3, 2008. The Company anticipates that subsequent events and developments will cause the Company's views to change. 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. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to March 3, 2008.

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