Blackboard Collaborate (formerly Elluminate Live!) is your online classroom! It is a synchronous, Web-based application that offers the opportunity for voice conferencing, video conferencing, collaborating on content, and text chatting. These features provide a multi-modal learning environment which should feel much like your face-to-face classrooms.
Blackboard Collaborate Orientation
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Check out the following site for more information:
(sample view of Collaborate)