InterWise Names Joe DiDonato Chief Executive Officer; Veteran of Corporate Education Is Active Technology Leader With Established Track Record of Growing Large Businesses

Business Wire, Oct 2, 2000

Business Editors

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 2, 2000

InterWise(R), Inc., the global leader of business-to-business live eLearning, today announced Joe DiDonato has been named chief executive officer of InterWise, Inc. As the former head of education organizations within Oracle and PeopleSoft, respectively, DiDonato has been at the forefront of change in education, consulting, sales, marketing and information systems for more than 25 years. More recently, DiDonato served as CEO of Productivity Point International, a Knowledge Universe investment and currently he is chairman of KnowledgePlanet.Com.

DiDonato has spent much of his career focused on growing educationally based organizations. He built Oracle Corporation's Education Services from a $3 million internal entity to a $70 million business operation with gross profits exceeding 50 percent within six years. This achievement was recognized in a 1995 study from IDC in Framingham, Mass., as being the cornerstone that launched Oracle Education as the largest software vendor training business in the United States and the second largest training organization worldwide. Following that triumph, DiDonato was vice president of Worldwide Education Services for PeopleSoft where he doubled revenues in less than one year.

"InterWise is focused on helping enterprise software and high technology companies generate revenue out of existing corporate expertise," said Zvi Frank, president and co-founder of InterWise. "Joe's business savvy and strong leadership make him the perfect choice to guide InterWise through the next phase of growth."

"InterWise has revolutionized live eLearning," said Joe DiDonato. "The company has superior talent with the best eLearning technology and services. My goal is to sustain the company's growth in identified markets while executing on the corporate vision to deliver end-to-end eLearning solutions."

A known leader in the field of corporate education, DiDonato was recognized by the Lt. Governor of the state of Massachusetts for an innovative alliance between Oracle and 15 teams from different colleges, universities and high schools. He was also praised by the White House and local officials for his efforts to establish an international productivity conference. DiDonato is a graduate of the University of Massachusetts.

About InterWise

Founded in 1994, InterWise, the market leader in business-to-business live eLearning, provides businesses with a superior platform for fee-based training and collaboration over the Internet. The home of the B2B4Fee business model enables the rapid development and delivery of tailor-made eLearning to customers, partners, suppliers and employees in either live classroom or "instant" self-paced formats. Having the capacity to scale worldwide over any connection equal to or greater than 28.8Kbps, the award-winning InterWise Millennium is a proven, cost-effective means of training any audience quickly and effectively. With global headquarters in Santa Clara, California, InterWise maintains 14 offices in 10 countries around the world including Israel, Japan and Switzerland. For more information, visit InterWise on the World Wide Web at (URL) http://www.interwise.com/.> Trademarks

InterWise is a registered trademark of InterWise, Ltd., and InterWise Millennium, InterWise ExpressWay, InterWise Knowledge Platform, "Driving the knowledge economy" and the InterWise logo are trademarks of InterWise, Inc. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders.

COPYRIGHT 2000 Business Wire

COPYRIGHT 2008 Gale, Cengage Learning