SkillSoft Survey of 300 U.S. and Canadian Organizations Shows 85% Plan to Increase e-Learning During 2001

Top Benefits Cited Are Workforce Effectiveness, Reduction in Training Costs,

and Improved Workforce Retention



Apr 17, 2001, 01:00 ET from SkillSoft Corp.

    NASHUA, N.H., April 17 /PRNewswire/ -- SkillSoft Corp. (Nasdaq: SKIL), a
 leading provider of critical business skills courseware for e-Learning
 solutions, today announced the results of an independent benchmark survey on
 e-Learning in the United States and Canada.  Interviews with directors and
 senior managers for human resources and training organizations in 300 public
 and private organizations were conducted in January and February 2001 by
 Taylor Nelson Sofres, a leading international research and consulting company.
 Detailed findings and charts are available in the white paper "e-Learning in
 2001: An Industry Snapshot of Adoption and Projected Investments."
     Survey findings include:
 
     * 43% of business organizations surveyed have implemented or are in the
       process of implementing e-Learning initiatives.
     * Of these businesses, 85% plan to increase investment in e-Learning
       during 2001.
     * Overall, 19% of businesses surveyed are already using e-Learning for
       business skills training; 39% of companies with 10,000 or more employees
       are delivering business training via e-Learning.
     * The number of organizations projecting to use e-Learning for business
       skills in the coming year is expected to increase by 79%.
     * 67% of businesses using e-Learning cite benefits in workforce
       effectiveness; reduction in training and improved workforce retention
       are among other major results (60% and 45%).
 
     "We commissioned this survey to get a clear assessment of the use of
 e-Learning for business skills training.  In addition to verifying the rapidly
 growing demand for business skills content, this survey shows that companies
 now using e-Learning for business skills training are seeing positive impact
 on business performance as a result of these implementations," said Chuck
 Moran, president and CEO of SkillSoft.  "This survey also clearly shows that
 these companies plan to expand e-Learning initiatives into additional business
 content areas."
     Those interested in obtaining a free copy of  the white paper "e-Learning
 in 2001: An Industry Snapshot of Adoption and Projected Investments," which
 details study findings, can e-mail jdrew@skillsoft.com.
 
     About SkillSoft
     With more than 1.5 million user seats, SkillSoft is one of the largest
 providers of e-Learning solutions for Global 2000 companies. SkillSoft courses
 cover a broad variety of critical professional and business skills; courses
 and support services are specifically designed to reap the benefits offered by
 the Internet and Web-based customer environments. This design enables
 SkillSoft users to access needed learning resources, with the required
 specificity or breadth -- any time and from any location with access to the
 Internet.
     Customers receive comprehensive learning and performance support solutions
 for their workforce through the SkillSoft library, comprised of more than 600
 courses for global business markets.  More than 440 courses are in English and
 more than 200 are specifically localized for the Italian, U.K., and other
 international markets.  The library also includes more than 7,500 learning
 objects and 1,700 job aids. The SkillSoft library encompasses a wide array of
 business skills, such as management, leadership, communication, project
 management and customer service, as well as business subjects such as
 e-commerce, finance, marketing, sales, and strategy.
     SkillSoft complements its course library with SkillPort, an e-Learning
 management platform that offers rapid implementation at a cost-efficient price
 point. SkillPort gives users control over their own learning environments and
 offers tracking and reporting capabilities. SkillSoft also recently introduced
 SkillSimulations, Web-based simulations designed to reinforce skills newly
 acquired through SkillSoft courses.  Additional information about SkillSoft is
 available by calling (603) 324-3000 or visiting www.skillsoft.com .
 
     SkillSoft, SkillPort, RolePlay, Search-and-Learn, and SkillSimulation are
 trademarks of SKILLSOFT CORP.  All brand names, trademarks, or registered
 trademarks are the property of their respective holders.
 
     This release may include information that could constitute forward-looking
 statements made pursuant to the safe harbor provision of the Private
 Securities Litigation Reform Act of 1995. Any such forward-looking statements
 may involve risk and uncertainties that could cause actual results to differ
 materially from any future results encompassed within the forward-looking
 statements. Factors that could cause or contribute to such differences include
 competitive pressures, changes in customer demands or industry standards,
 adverse economic conditions, loss of key personnel, litigation and other
 matters disclosed under the heading "Risk Factors" in the Company's most
 recent Quarterly Report on Form 10-Q filed with the Securities and Exchange
 Commission. The forward-looking financial information provided by the Company
 in this press release represents the Company's estimates as of the date of
 this press release. We anticipate that subsequent events and developments will
 cause the Company's estimates to change. However, while the Company may elect
 to update this forward-looking financial information at some point in the
 future, the Company specifically disclaims any obligation to do so. This
 forward-looking information should not be relied upon as representing the
 Company's estimates of its future financial performance as of any date
 subsequent to the date of this release.
 
 

SOURCE SkillSoft Corp.
    NASHUA, N.H., April 17 /PRNewswire/ -- SkillSoft Corp. (Nasdaq: SKIL), a
 leading provider of critical business skills courseware for e-Learning
 solutions, today announced the results of an independent benchmark survey on
 e-Learning in the United States and Canada.  Interviews with directors and
 senior managers for human resources and training organizations in 300 public
 and private organizations were conducted in January and February 2001 by
 Taylor Nelson Sofres, a leading international research and consulting company.
 Detailed findings and charts are available in the white paper "e-Learning in
 2001: An Industry Snapshot of Adoption and Projected Investments."
     Survey findings include:
 
     * 43% of business organizations surveyed have implemented or are in the
       process of implementing e-Learning initiatives.
     * Of these businesses, 85% plan to increase investment in e-Learning
       during 2001.
     * Overall, 19% of businesses surveyed are already using e-Learning for
       business skills training; 39% of companies with 10,000 or more employees
       are delivering business training via e-Learning.
     * The number of organizations projecting to use e-Learning for business
       skills in the coming year is expected to increase by 79%.
     * 67% of businesses using e-Learning cite benefits in workforce
       effectiveness; reduction in training and improved workforce retention
       are among other major results (60% and 45%).
 
     "We commissioned this survey to get a clear assessment of the use of
 e-Learning for business skills training.  In addition to verifying the rapidly
 growing demand for business skills content, this survey shows that companies
 now using e-Learning for business skills training are seeing positive impact
 on business performance as a result of these implementations," said Chuck
 Moran, president and CEO of SkillSoft.  "This survey also clearly shows that
 these companies plan to expand e-Learning initiatives into additional business
 content areas."
     Those interested in obtaining a free copy of  the white paper "e-Learning
 in 2001: An Industry Snapshot of Adoption and Projected Investments," which
 details study findings, can e-mail jdrew@skillsoft.com.
 
     About SkillSoft
     With more than 1.5 million user seats, SkillSoft is one of the largest
 providers of e-Learning solutions for Global 2000 companies. SkillSoft courses
 cover a broad variety of critical professional and business skills; courses
 and support services are specifically designed to reap the benefits offered by
 the Internet and Web-based customer environments. This design enables
 SkillSoft users to access needed learning resources, with the required
 specificity or breadth -- any time and from any location with access to the
 Internet.
     Customers receive comprehensive learning and performance support solutions
 for their workforce through the SkillSoft library, comprised of more than 600
 courses for global business markets.  More than 440 courses are in English and
 more than 200 are specifically localized for the Italian, U.K., and other
 international markets.  The library also includes more than 7,500 learning
 objects and 1,700 job aids. The SkillSoft library encompasses a wide array of
 business skills, such as management, leadership, communication, project
 management and customer service, as well as business subjects such as
 e-commerce, finance, marketing, sales, and strategy.
     SkillSoft complements its course library with SkillPort, an e-Learning
 management platform that offers rapid implementation at a cost-efficient price
 point. SkillPort gives users control over their own learning environments and
 offers tracking and reporting capabilities. SkillSoft also recently introduced
 SkillSimulations, Web-based simulations designed to reinforce skills newly
 acquired through SkillSoft courses.  Additional information about SkillSoft is
 available by calling (603) 324-3000 or visiting www.skillsoft.com .
 
     SkillSoft, SkillPort, RolePlay, Search-and-Learn, and SkillSimulation are
 trademarks of SKILLSOFT CORP.  All brand names, trademarks, or registered
 trademarks are the property of their respective holders.
 
     This release may include information that could constitute forward-looking
 statements made pursuant to the safe harbor provision of the Private
 Securities Litigation Reform Act of 1995. Any such forward-looking statements
 may involve risk and uncertainties that could cause actual results to differ
 materially from any future results encompassed within the forward-looking
 statements. Factors that could cause or contribute to such differences include
 competitive pressures, changes in customer demands or industry standards,
 adverse economic conditions, loss of key personnel, litigation and other
 matters disclosed under the heading "Risk Factors" in the Company's most
 recent Quarterly Report on Form 10-Q filed with the Securities and Exchange
 Commission. The forward-looking financial information provided by the Company
 in this press release represents the Company's estimates as of the date of
 this press release. We anticipate that subsequent events and developments will
 cause the Company's estimates to change. However, while the Company may elect
 to update this forward-looking financial information at some point in the
 future, the Company specifically disclaims any obligation to do so. This
 forward-looking information should not be relied upon as representing the
 Company's estimates of its future financial performance as of any date
 subsequent to the date of this release.
 
 SOURCE  SkillSoft Corp.