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Online Learning News and Research
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Wednesday, August 07, 2002
http://www.washingtonpost.com/wp-dyn/articles/A50357-2002Aug6.html Blackboard, Chalking Up Success Staff,Washington Techway and washingtonpost.com As several companies mourn dead business plans, Blackboard boasts 426 employees and growing revenues scaling a record $46.5 million last year, when the Washington e-learning software developer doubled its financing with a $52 million deal. CEO Michael Chasen and Chairman Matthew Pittinsky say the 5-year-old company is a veteran of the technology recession because they obeyed traditional business school lessons: Follow the profits, not the powder....
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