For the second consecutive year, International Data Corporation (IDC) has identified SmartForce (Nasdaq: SMTF) as the world`s leading e-Learning company. In IDC`s recent bulletin, The Top 15 Worldwide IT Training Providers in 2000, SmartForce had the highest revenues of any e-Learning company.
Since successfully transforming itself into the leader in enterprise e-Learning, SmartForce now counts itself among an elite group of profitable Internet companies, and is the first and only profitable, publicly-traded e-Learning company.
SmartForce`s leadership can be attributed to its complete e-Learning solution, which combines leading-edge e-Learning technology with the industry`s largest body of e-Learning content, its ability to close multiple million-dollar contracts, its sales force which is the largest and most globally dispersed in the industry, its entrance into vertical markets through strategic alliances, and the increasing adoption of e-Learning.
While executing its e-Learning strategy, SmartForce has continued to enhance its technology platform and e3 application architecture and has expanded its content in the areas of business and soft skills. The company also continued its international expansion with 2 500 hours of localised e-Learning in 11 languages.
"SmartForce has fared well in the e-Learning business because of its ability to sign large contracts, its focus on forging new alliances that bring the company into new markets, the growing adoption of its e-Learning solutions and its ability to demonstrate value to its customers," said Cushing Anderson, IDC`s program manager, Learning Services Research. "SmartForce achieved exceptional growth rate in this year and reinforced the continuing opportunities for high revenue and growth associated with this market. As SmartForce continues its growth in 2001, clients will benefit from the increasing capability of its learning infrastructure."
Successful learning providers, according to IDC, are defined by their ability to impact customers` business objectives, a fact well understood by SmartForce. "At SmartForce, we believe that e-Learning can fundamentally transform the way global enterprises educate their employees. e-Learning can deliver real solutions to time-sensitive business problems," said Greg Priest, chairman and CEO of SmartForce.
"With just-in-time learning, SmartForce takes companies beyond where they are today to the place they need to be by helping them further and realize their organizational goals and vision. We are particularly gratified by IDC`s report because it affirms the acceptance of our approach to e-Learning and reinforces SmartForce`s leadership position in the marketplace."
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SmartForce e-Learning is a comprehensive application infrastructure to support e-Learning initiatives in enterprises globally. Encompassing the largest body of e-Learning content in the world, and a fully integrated student environment, learning management system and a range of custom content creation and publication tools, SmartForce e-Learning provides the architecture that global enterprises are using today to implement e-Learning strategies to support their critical strategic business initiatives.
SmartForce
SmartForce, the world`s largest e-Learning company, provides integrated enterprise e-Learning solutions. SmartForce e-Learning is available as a fully hosted Internet environment through an Internet rental model.
With more than 2 500 major corporate customers, SmartForce e-Learning solutions bring the power of the Internet to the critical training business process. SmartForce e-Learning is also used by leading companies worldwide to provide the infrastructure to support their e-Learning initiatives. SmartForce is quoted on the Nasdaq National Market under the symbol SMTF.
The company, which has more than 1 500 employees worldwide, has corporate headquarters at 900 Chesapeake Drive, Redwood City, California, 94063. Phone: 650.817.5900. Fax: 650.817.5061. Web site: www.smartforce.com.
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