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 et al.

On July 1, 2011, Washington, D.C.-based Blackboard Inc. (NASDAQ: BBBB), publicized a definitive merger agreement with Providence Equity Partners to be acquired by the investment firm in an all-cash transaction sometime in the second half of 2011.

While Blackboard shareholders must still agree to the terms of the buyout, Blackboard continued to post growth in revenue in its second quarter financial results. The educational technology firm reported $124.16 Million in revenue for the quarter, a 15% increase compared to $107.7 Million in 2010.

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Language-learning software maker Rosetta Stone Inc. (NYSE:RST), with headquarters in Arlington, reported an increase in total revenue for the second quarter 2011 ended June 30. Revenue was $66.74 Million, up 10% in the quarter from the prior year where sales were $60.64 Million.

Despite the revenue increase, a net loss of $4.55 Million ($-0.22 cents per diluted share) was reported contrasted to a net income of $3.69 Million ($0.17 cents per diluted share).