November 16, 2001
3 Companies That Sell Course Software Say They Are Raking in Money
The top three providers of course-management software -- Blackboard, eCollege, and WebCT -- will see their first profits next year, their chief executives announced last month.
Blackboard saw its first positive cash flow in September, said Matthew S. Pittinsky, the company's chairman. Oakleigh Thorne, eCollege's chairman and chief executive officer, said his company expects to be in the black in the first quarter of next year. WebCT forecasts it will turn a profit sometime
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