Intuition and WBT announce partnership

Dateline: 12 May 2004

WBT Systems, a global leader in enterprise e-learning solutions, today announces a major partnership contract with Intuition, the leading provider of e-learning programmes and products to the corporate sector.

Under the terms of the contract, Intuition will use WBT's solutions to power its new application service provider offering, enabling it to offer a more comprehensive end-to-end solution to customers. The deal brings together two world leading e-learning companies with complementary offerings; WBT's enterprise learning management and content delivery platform and Intuition's extensive content library and custom development skills.

Both companies are leading providers to the financial services sector. The sector is seeking to leverage e-learning as banks and insurance companies try to cope with the on-going requirements of employee certification and training arising from increased regulation.

Intuition develops bespoke and off-the-shelf e-learning content for major financial institutions. With customers all over the world, it wanted a reliable, scalable, robust infrastructure which it could offer to its customers along with the Intuition programmes and content.

WBT's focus as a total solutions provider for the sector has resulted in a number of significant wins for its enterprise solution including Credit Suisse, Alexander Forbes in South Africa, and more recently Barclays subsidiary, FirstPlus, in the UK.

In addition, WBT Systems is the only vendor to develop a suite of solutions specifically to meet the needs of regulated industries. The result is a suite of compliance products and services designed to lower costs, reduce risk and ensure compliance within industries such as Financial Services, Manufacturing and Life Sciences. Recently, WBT has been recognised as a leader in both the Gartner Group’s e-Learning Suite and LMS Magic Quadrant Reports for 2004.

"After an extensive evaluation of the solutions available, we were convinced that WBT’s solutions most closely met our requirements in terms of scalability and flexibility. Also, our complementary strengths in the financial sectors were a significant factor. Intuition can now offer a complete learning presence for our customers with rapid delivery of a proven solution", commented David Harrison, CEO, Intuition.

According to Declan Kelly, CEO WBT Systems, "We are delighted to be partnering with a world class content provider such as Intuition. Our solutions will now be leveraged by a high proportion of the leading global financial services institutions. This agreement consolidates our leadership position in the financial services market and is a further endorsement of our investments in extending our products and services to meet the needs of regulated industries"