Friday, President Barack Obama is set to announce private companies have donated more than $400 million worth of software and software licenses towards bringing more technology into classrooms.

Adobe Systems, the San Jose-based software company, will make over $300 million of software available to students for creative projects, school management, and teacher training, the White House said in a statement. In addition, Prezi, a Hungarian software firm, is providing $100 million in licenses for its Edu Pro tool for creating presentations, spoke officials.

The announcements are related to the president's goal of modernizing internet connections for almost all American school children, came word from the White House. Earlier this month, the president unveiled $750 million in donations from leading technology companies -- including Apple Inc and Microsoft Corp -- to deliver tablets, software, and wireless services to schools.

The president is due to make the announcements at what is being billed as the first-ever White House student film festival. Obama and guests will screen 16 student-produced videos selected from among about 2,000 entries in a competition to create short films about technology and education.