Unaudited Pro Forma Financial InformationMerger Agreement • May 7th, 2010 • Blackboard Inc • Services-prepackaged software
On March 7, 2010, Blackboard Inc. and a wholly owned subsidiary of Blackboard Inc. (collectively “Blackboard” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Saf-T-Net, Inc., a North Carolina corporation (“Saf-T-Net”) and a representative of Saf-T-Net’s former stockholders. On March 19, 2010, the Company closed its acquisition of Saf-T-Net and pursuant to the terms of the Merger Agreement, Saf-T-Net continued as the surviving corporation and a subsidiary of the Company (the “Merger”).
