|Blackboard Expands Reach in Deal to Set Up Chinese Colleges With Its Software|
|Key Words||Global, technology|
Just six years after being founded, Blackboard Inc. has announced a partnership with the Chinese public-private education company Cernet, to create a software platform that will allow professors to post course materials, conduct discussions, and administer tests online. This is a significant deal for Blackboard, expected to bring in $3 to $5 million in revenues the first year of the China deal, with revenues increasing as the user base grows.
|Source||"Blackboard Expands Reach in Deal to Set Up Chinese Colleges With Its Software," New York Times September 1, 2003.|
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