Business update

28 Nov 2005 07:00

Intellego Holdings PLC28 November 2005 28 November 2005 INTELLEGO HOLDINGS PLC ("Intellego" or "the Company") EXPANSION OF COMMERCIAL RELATIONSHIP WITH KEY SUPPLIER The Board of Intellego, the AIM traded training and support services business,is pleased to announce its appointment as exclusive distributor in the UK andIreland for NetDimensions Limited ("NetDimensions") of Hong Kong. In November 2005, the Company announced that it had commenced discussions withNetDimensions (an existing supplier to Intellego). Intellego has now securedboth improved commercial terms and an expansion in the scope of itsrelationship. This includes direct and indirect sales of NetDimensions'Enterprise Knowledge Platform ("EKP") Learning Management System ("LMS"). Theexpanded agreement awards Inellego exclusive distribution rights for theNetDimensions LMS technologies in the United Kingdom and Ireland for a period ofthree-years commencing immediately. The agreement provides for the Company toform and operate a wholly owned Intellego subsidiary under the NetDimensionsname and to market EKP, the NetDimensions LMS, directly and indirectly via newreseller partners. The agreement is also subject to Intellego achieving certainfuture revenue milestones. Commenting on today's announcement Edward Arnett, Chief Executive said "We aredelighted to be appointed as their exclusive distributor for the UK and Ireland- this marks a significant enhancement to our relationship with NetDimensionsand this agreement now harmonises our three key supplier relationships asexclusive for the UK and Ireland - namely: XStream Software Inc., Team TrainerNet GmbH and now NetDimensions Limited. Our strategy is to seek exclusivesupplier relationships wherever possible as we believe this gives Intellegocompetitive advantage. It enables us to invest in developing the highest qualityservices to wrap around our suppliers technologies enabling us to become"expert". We noted in our unaudited Interim Statement, issued on 2nd November 2005, thatsales of LMS had increased to 17% in the period under review versus 2% in theequivalent period in the previous year. We are seeing indications of good growthpotential for LMS sales in the UK and the highly scalable EKP solution fromNetDimensions provides us with a powerful solution which addresses the needs ofthis growing market. The opportunity to sign up additional resellers to operatealongside Intellego Systems Limited enables us to drive wider and more rapidmarket coverage. We are currently exploring additional new exclusive supplierrelationships to increment our portfolio and further announcements can beexpected." ---Ends--- Enquiries : Intellego Holdings Plc Tel : 0870 428 1250Edward Arnett, CEO/Andy Green, Directorwww.intellego-holdings.com NetDimensions Limited Tel: +852 2122 4500Jay Shaw, MD & CEOwww.netdimensions.com Beaumont Cornish Limited, Nominated Adviser Tel: 020 7628 3396Roland Cornish/ Noelle Greenaway HB-Corporate, Broker Tel: 0207 510 8600Jon Levinson/Edward Hutton Bishopsgate Communications Limited Tel: 0207 430 1600Dominic Barretto/Maxine Barnes About Intellego : Intellego is a training and support services business. We provide e-Learningsolutions addressing the Authoring and Management of Enterprise ApplicationsTraining, and High-risk Workforce Competency Measurement Programmes, predominantly to organisations with large workforces and where there is acommitment to using e-Learning to modernise, simplify and reduce costs ofworkforce training. Intellego's solutions are based upon a suite of Award-winning softwaretechnologies, which in the UK and Ireland are available exclusively fromIntellego. The Course-authoring Technologies are programming-free, which meansthey are easy to learn and to use and have the potential to simplify, save timeand thereby reduce costs in the courseware development process. These inherently straightforward technologies enable the user-organisation'snon-technical staff to contribute to the design and development of courseware,thereby streamlining the process. (Examples of training materials that can be produced using Intellego's solutions include: e-Learning courses based uponsoftware simulations; skills assessments that establish "real-world" softwarecompetence, and assessments of workforce knowledge. Solutions provided by Intellego may also be applied to meet the requirements oforganisations that wish to develop proprietary e-Learning courses andassessments in non IT areas such as: product information and demonstrations, regulatory compliance, internal policies and procedures, health and safety, andhelpdesk support; there are many applications. Intellego was established in 2002 and admitted to the AIM market of the LondonStock Exchange on 17th December 2004. About NetDimensionswww.netdimensions.com Headquartered in Hong Kong, NetDimensions provides advanced software solutionsthat deliver and manage corporate training, assessment and certificationprogrammes. Established in 1999, NetDimensions is represented by a rapidlygrowing network of offices, partners and resellers in the United States, LatinAmerica, Europe, the Middle East and Asia Pacific. NetDimensions' main product is the Enterprise Knowledge Platform (EKP), apowerful multi-lingual Learning Management System (LMS) that is used by leadingmultinational corporations, including banks, airlines, telecomm companies andmany other blue chip organisations. The EKP manages the entire learning process, from enrolling students andtracking their progress to delivering tests and reporting costs. It is availablein three versions to cater for organisations of all sizes: EKP GOLD is theenterprise LMS and comes with an optional Customisation Tool Kit allowingclients to tailor easily the system to match requirements precisely; EKP SILVERoffers the same core functionality of Gold and is suitable for organisationsthat have neither the need nor the resources to implement an enterprise classsolution. EKP BRONZE is a full featured LMS capable of supporting e-learninginitiatives in companies of any size. In the 2005 LMS Customer Satisfaction Study conducted by Bersin Associates (aleading US based research and consultancy house focussed on enterprise learningtechnology), NetDimensions distinguished itself with the highest LMS customerloyalty of any vendor and very high ratings in ease of implementation. Bersinexpected that NetDimensions would see rapid growth in the US market. (seewww.netdimensions.com)NetDimensions collaborates with global Information Technology services firms andsupports interoperability testing and industry standards compliance with anumber of leading software and content companies. This information is provided by RNS The company news service from the London Stock Exchange