Century 21 Real Estate Corporation Selects Centra's eLearning Software for the Delivery of Live, Web-Based Training to CENTURY 21 System Professionals

Business Wire, Jan 3, 2001

Business/Technology Editors

LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 3, 2001

Centra (NASDAQ:CTRA), the world's leading provider of software infrastructure and ASP services for live eLearning and Internet business collaboration, today announced an agreement with Century 21 Real Estate Corporation to deploy Centra's real-time, enterprise collaboration software to deliver live training over the Internet to more than 75,000 real estate professionals worldwide.

Together, Centra Symposium(TM) virtual classroom software and Centra Conference(TM) Web conferencing software provide the foundation for the CENTURY 21 Learning System(R), designed to help new and experienced sales associates to compete effectively in today's real estate market and enhance the professional development of its global sales force. The CENTURY 21 Learning System(R) powered by Centra was recently featured in InformationWeek Magazine's Innovation 100 for demonstrating technological, procedural, and organizational customer-centric innovation.

"Centra helps us meet our aggressive worldwide training goals. Using the Internet, we can now connect busy sales associates with business-critical skills in less time and at less cost to the company," said George Selix, vice president of Training for Century 21 Real Estate Corporation."

Software Infrastructure for Live eLearning and Business Collaboration

Already in use by more than 350 companies and universities worldwide, Centra's Web-based enterprise products and ASP services share a common collaboration framework, and are optimized to support a full range of business interactions necessary to accelerate internal and market-facing business processes. Centra's real-time collaboration products provide convenient and cost-efficient facilities for virtual classrooms, Web conferencing and eMeetings, featuring Centra's hallmark voice-over-IP capabilities, collaborative online workspace, integrated application sharing, and intuitive user interface to enable live conversation and interaction over intranets, extranets and the Internet.

"According to a recent report by the National Association of Realtors, homeownership in 1999 peaked with over five million existing home sales. As Web technology evolves, live eLearning is becoming more important than ever to a company's core business processes and overall success," said Leon Navickas, Centra Chairman and CEO. "Centra is dedicated to providing the tools to companies such as Century 21 in order to keep their growing population of employees connected and up to speed on the skills necessary to succeed in the fiercely competitive real estate industry."

About Century 21

Century 21 Real Estate Corporation is the franchisor of the world's largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the Century 21 System. The company is comprised of more than 6,300 independently owned and operated franchised broker offices in more than 28 countries and territories worldwide. Century 21 Real Estate Corporation is a subsidiary of Cendant Corporation and is part of the move.com family of relocation, real estate and home-related services companies. For more information, visit www.century21.com.

About Centra

With over a million users, Centra (NASDAQ: CTRA) is the world's leading provider of software infrastructure and ASP services for live eLearning and business collaboration. Today hundreds of global organizations have standardized on Centra for the delivery of live eLearning, including American Express, Domino's Pizza, ExxonMobil, Siemens, Nationwide Insurance, and Procter & Gamble. Centra supports a vital ecosystem of strategic eLearning partnerships, which include alliances with Microsoft, PricewaterhouseCoopers, Deloitte Consulting, Oracle, Saba and Global Knowledge. Headquartered in Boston's technology corridor, the Company has sales offices throughout North America, Europe and Asia. For more information, visit http://www.centra.com.