ARGP.L Regulatory News (ARGP)

19 Sep 2006 08:00

Intellego Holdings PLC19 September 2006 19 September 2006 INTELLEGO HOLDINGS PLC ("Intellego" or "the Company") Intellego wins contract with Travelex The Board of Intellego, the AIM listed training and support services business,specialising in the provision of rapid e-Learning solutions, announces today asignificant new contract win with Travelex, the world's largest non-bank foreignexchange company. Intellego will provide a full-service e-Learning solution toTravelex comprising a Learning Management System, (LMS) and content authoringtools. Additionally, Intellego has been retained by Travelex to migrate anexisting Anti-Money Laundering training programme into easily editable formatusing the Composica programming-free authoring technology. Commenting on today's announcement, Edward Arnett, Group Commercial Director ofIntellego Holdings plc, said:- "We are delighted to have been selected by Travelex to supply this important newsolution based on the Enterprise Knowledge Platform LMS and Composica web-basedauthoring technology. Our solution is the foundation for the adoption ofe-Learning by Travelex UK. Initially serving the UK Retail and CommercialForeign Exchange Divisions of Travelex; early stage programme activity willfocus on business process and Regulatory Compliance training modules, with theobjective of streamlining and reducing the cost of workforce training forTravelex. Longer-term, we anticipate extending the reach of our solution tolarger audiences within Travelex and expanding the portfolio of subject areascovered." Paul Swainson, Travelex UK Retail Director, commented: "Our new relationship with Intellego is key to delivering our training anddevelopment needs. The provision of a comprehensive training system is furtherenhanced by the fact that we can supply the training directly to our sales teamson a local level." Tony Wilson,Travelex Director Commercial Foreign Exchange, EMEA, commented: "Commercial Foreign Exchange sees real value in the relationship with Intellegoenabling our Sales Induction cycle to be shortened significantly. It will alsohelp us maintain knowledge levels through ongoing assessment and training whichcan be delivered directly to a remote sales force." ---ENDS--- Enquiries : Intellego Holdings Plc Tel : 0870 428 1250Edward ArnettAndy Green www.intellego-holdings.com Beaumont Cornish Limited Tel: 0207 628 3396Roland Cornish NOTES FOR EDITORS About Intellego Intellego is a training and support services business providing e-Learningauthoring and learner management solutions. Intellego provides its solutionspredominantly to organisations with large and distributed workforces, wherethere is a commitment to using web-based solutions to modernise and reduce thecost of workforce training. Intellego's authoring solutions are based upon a suite of award-winningprogramming-free software technologies, which are available exclusively in theUK and Ireland from Intellego. Because they are straightforward to learn non-technical staff employed by the user organisation can contribute to coursewaredevelopment, thereby simplifying, saving time and reducing costs in thecourseware development process. Examples of training materials that can be produced using Intellego's solutionsare; e-Learning courses for business applications based upon softwaresimulations, plus training in non IT areas such as; product information and demonstrations, regulatory compliance, internal policies and procedures, companycommunications, new product releases etc. Intellego's solutions also enable theauthoring of skills assessments that establish real-world software competenceand workforce knowledge. Intellego also supplies exclusively in UK and Ireland the NetDimensionsEnterprise Knowledge Platform (EKP) Learning Management System (LMS) a robustand scaleable solution enabling the tracking and distribution of online learningmaterials, the management of all training activity. In a survey conducted byBersin Associates in 2005, of 600 LMS user organisations NetDimensionsdistinguished itself with the highest customer loyalty of any vendor. Intellego addresses all market sectors including local, central government andthe National Health Service, its' clients include; Bolton and WirralMetropolitan Borough Councils, Environment Agency, commercial clients includeDHL, Group 4 Cash Services, Norwich Union, OKI, Xerox, Rightmove, O(2) andmore... Intellego was established in 2002 and admitted to the Alternative InvestmentMarket (AIM) of the London Stock Exchange on 17th December 2004. About Travelex Founded in 1976 by Lloyd Dorfman, Travelex is now the world's largest non-bankforeign exchange company serving over 29 million customers each year. Since its formation, Travelex has evolved from being an innovative bureau dechange operator into a dynamic, pioneering and diverse worldwide money business.Its wide variety of consumer and business services, together with its rapidgrowth and unique entrepreneurial culture, have provided the platform for theemergence of Travelex today as the world-leading company in its field. The Group is privately owned. Apax Partners owns 48%, Lloyd Dorfman is a 30%shareholder, 3i (one of Europe's leading investment companies) is a 7%shareholder and Standard Chartered Bank owns 6%. The remaining shares are heldby management. For the year ending 31/12/04 the Group's turnover was £494m andits profit before taxation and amortisation of goodwill was £72m. Headquarteredin London, the Group operates in 31 countries and employs over 6,200 peopleworldwide. In each of the years from 2000 to 2004, Travelex was identified as one of thetop forty fastest growing private companies in the UK, in the Sunday Times'"Profit Track 100". It is the only company listed to have maintained thisposition over five years. Corporate Services Travelex is the world's largest non-bank provider of foreign exchange servicesto over 16,000 corporate clients across the globe. For financial institutions,Travelex provides business process outsourcing for foreign exchange products,cross border settlement and bankers' drafts. Outsourcing Travelex is the world's largest and most automated provider of outsourced travelmoney and related fulfillment services for banks, financial institutions andtravel agencies, processing over 3 million orders annually. Travelex offers itscustomers a full range of delivery channel options including telephone andweb-based ordering. Retail services 40% of the world's airline passengers now pass through airports at whichTravelex operates its retail foreign exchange branches, including the majorgateways at London, New York, Hong Kong, Frankfurt and Sydney. Other retailservices and products range from prepaid cards, travellers cheques and moneytransfer to call centre services and travel insurance. Other Information about Travelex Travelex is the sponsor of the National Theatre's "£10 ticket season" and theRoyal Opera House's "£10 Monday season" and "£10 Student Stand-by" scheme.Travelex is also the international sponsor and tour partner of the AustralianCricket Team. Most recently, Travelex's sponsorship focus on world beating teams, events andinitiatives has been extended to incorporate a stable of brand ambassadors, acomprehensive programme that features Jonny Wilkinson (Europe), John McEnroe(Americas) and Adam Gilchrist (Australasia). This information is provided by RNS The company news service from the London Stock Exchange