WBT Systems in Both Leader Quadrant Categories for Its LMS and e-Learning Suite

Business Wire, March 31, 2004

Business Editors/High-Tech Writers

DUBLIN, Ireland--(BUSINESS WIRE)--March 31, 2004

WBT Systems, one of the leading providers of Enterprise e-Learning solutions in the world, announced today that it has been listed in the leader quadrant in a new report published by Gartner*, the global technology advisory and research firm. Its TopClass e-Learning Suite has also been recognised in the most recent Gartner e-Learning Suite Magic Quadrant Report.

The Gartner report reviewed Learning Management Systems from 25 vendors and placed seven LMSs in the leader quadrant. Vendors were evaluated on their execution ability and completeness of vision. In this latest report, WBT Systems moves from the Visionary to the Leader quadrant.

According to the report, leaders "demonstrate good scalable product capabilities and features, a strong installed base, acceptable financial performance and good distribution. Leaders are doing well today and are prepared for the future".

In reviewing the LMS market, the report also identifies an increased level of LMS procurement in the second half of 2003 that it believes will continue into 2004. Many enterprises have also begun deploying their LMSs on an enterprisewide basis.

WBT Systems offers a complete e-learning suite and recently added several new modules including Analytics. The company's new business sales focus in the United States and Europe is increasingly solutions-driven in areas such as regulatory compliance and sales force automation.

"It is a fantastic achievement to be recognised in both Magic Quadrants Reports" said Declan Kelly, CEO, WBT Systems. He added "We believe this report confirms the comprehensive capabilities we now have in our TopClass LMS Suite, our successful global expansion programme and the underlying strength of our business going forward. Our breadth of LMS, LCMS and related compliance management product functionality are market leading capabilities. They now offer our clients tremendous opportunities to drive revenue growth, meet compliance needs and roll out our corporate transformation programmes particularly in regulated industries such as the financial services, pharmaceutical and manufacturing sectors.

*Gartner, Inc, 'Magic Quadrant for Learning Management Systems 1H04' J. Lundy, W. Arevolo, 2004.

About WBT Systems

WBT Systems is one of the leading providers of Enterprise e-Learning Solutions in the world. Its TopClass e-Learning Suite(TM) enables the rapid creation, deployment, and management of knowledge delivery across the enterprise. WBT's implementation experience spans a variety of industries, including financial services, healthcare, government, and pharmaceuticals in blue-chip companies such as ABB, AHIMA, Alexander Forbes, Basler Insurance, Belgacom, Clinphone, Credit Suisse, Danish Confederation of Trade Unions, Diageo, Dow Chemical, Eurocontrol, Husqvarna, Innovatia, Liberty Group, Ryanair, Smith & Nephew, U.S. Department of Defense, University of Chicago Hospitals, Valero and Volvo CE.

*The Magic Quadrant is copyrighted March 2004 by Gartner, Inc. and is reused with permission. Gartner's permission to print or reference its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger, or Niche Player segments may be the right match for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose

(C) Copyright 2004 The WBT Systems logo and the marks related to WBT products referenced herein are either trademarks or registered trademarks of WBT Systems Limited. All other brand and product names contained herein may be trademarks or registered trademarks of their respective holders.

http://www.wbtsystems.com/