March 13, 2012 —The Washington Business Journal recognized Novak Biddle general partner Roger Novak with an Outstanding Directors Award for his service on the board of Blackboard, Inc. (Nasdaq: BBBB), a global leader in enterprise technology and innovative solutions that improve the experience of millions of students. The Washington Business Journal and premium sponsors Chase and Ernst & Young LLP, in partnership with the National Association of Corporate Directors, Capital Area Chapter, honored outside directors whose service to their boards has been exceptional at an awards ceremony February 23, 2012, at the Four Seasons Hotel in Washington, D.C. Blackboard CEO Michael Chasen presented Roger with award.
As one of the country’s most active and experienced venture investors in the education sector, NBVP first backed Blackboard as a startup in 1997. Since then, the company has grown into an international enterprise, allowing thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively.
“While I’m humbled by this recognition, the greatest honor is to see innovative companies - born from an entrepreneur’s passion, hard work, and commitment - emerge as invaluable contributors to society. Supporting entrepreneurs with capital, guidance, and market expertise is the essence of venture capital and companies like Blackboard make the profession incredibly rewarding,” said Roger Novak.
“Inherent in every entrepreneur is the drive to build a company or innovation that can affect real change. Blackboard’s early investors, Novak Biddle Venture Partners chief among them, supported our vision and helped us realized that goal. Roger Novak’s continued guidance through his board membership over the years has been invaluable. On behalf of the thousands of Blackboard employees and users, it is my honor to recognize him and his tremendous contributions to the company,” said CEO Michael Chasen.