Companies to Deliver Integrated Offering to Benefit Higher Education Clients

Washington, DC — June 11, 2003 — Blackboard Inc., a leading enterprise software company for e-Education, has signed a value added reseller agreement with MICROS Systems, Inc. (NASDAQ: MCRS), a leading provider of information technology solutions for the hospitality industry, to resell MICROS Point-of-Sale (POS) systems into the U.S. higher education market.

Under the terms of the agreement, Blackboard Inc. will resell the MICROS 3700 and 9700 POS systems. Additionally, MICROS is developing an interface between its POS systems and the Blackboard Transaction System™, utilizing the Blackboard Building Blocks specification.

“The continuing integration of the MICROS point-of-sale systems with the Blackboard Transaction System delivers significant benefits to our clients,” said Jim Hermens, VP, Global Services and Support. “As a result of our efforts to create and support enhanced interface functionality through Building Blocks, our Transaction System clients enjoy a broad range of choices for comprehensive point-of-sale solutions that satisfy each client’s specific requirements and preserve their previous technology investments.”

MICROS Point-of-Sale Solutions are designed to integrate all functions of both front-end and back-office restaurant service, retail service and more. MICROS utilizes the industry’s most advanced POS technology to deliver maximum flexibility and scalability. The MICROS POS product line enhances the Blackboard Transaction System by providing a comprehensive POS system and back-office application to manage a college or university’s dining and restaurant facilities.

“We welcome Blackboard as a new value added reseller in this important and growing vertical market,” stated Alan Hayman, Executive Vice President for Restaurant Sales & Strategies for MICROS.

Blackboard is the leading provider of transaction processing systems to colleges, universities and corporations. More than 450 clients rely on the Blackboard Transaction System to deliver convenient, secure and efficient campus auxiliary services to students, faculty and staff.

Blackboard Inc. was founded with a vision to transform the Internet into a powerful environment for the education experience. Blackboard is a leading provider of e-Education solutions serving the global needs of primary and secondary schools, higher education, corporations and government agencies. Blackboard is headquartered in Washington, D.C., with offices and staff across North America, Europe and Asia. Please visit www.blackboard.com for more information.

MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Over 135,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, and leisure and entertainment operations in more than 130 countries. MICROS provides property management systems and central reservation and customer information solutions under the brand MICROS-Fidelio for more than 15,000 hotels worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.

For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, Director of Marketing at (443) 285-8144 or (800) 638-0985. You can also visit the MICROS website at www.micros.com or send an email to [email protected].

CONTACT:

Michael J. Stanton
Blackboard Inc.
202-463-4860 ext.305

Molly Crawford
Periscope Communications
703-548-5553 ext. 204