Contents:

eLEARNING A GLOBAL STRATEGIC BUSINESS REPORT CONTENTS I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Conceptual Definitions and Scope of Study I-3 eLearning - An Overview I-3 Corporate eLearning I-3 II. Executive Summary 1. Conceptual Overview II-1 Definition II-1 Why eLearning? II-1 Various Levels of eLearning II-2 Market Classification II-2 Components of eLearning Solution II-3 Learning Portals - Customizing Views II-3 Related Systems - A Must for Effective Learning Experience II-3 Technology Factor - A Crucial Input II-3 Edutainment Blends Learning with Entertainment II-4 Factors Restraining Growth of eLearning Programs II-4 Development of Effective Content Material II-4 Availability of Hardware & Networking Infrastructure II-4 Rapidly Changing Technological Environment II-4 Absence of Skilled Trainers II-4 eLearning Vendors - An Overview II-5 Content Providers II-5 Service Providers II-5 Technology Providers II-5 2. Issues & Trends II-7 Artificial Intelligence Powers E-Learning II-7 E-Learning Bails Out Firms from Regulatory Training Hassles II-7 Upsurge in Blended Online Courses II-7 Globalization Fuels eLearning II-7 Steady Growth Takes Over a Much-Hyped Market II-7 Fears on an Impending Major Market Shakeout Watered Down II-7 Technology May be the Latest Fad but Content is King II-8 Open Standards-based Programs - End-user’s Preferred Choice II-8 Commoditization - Among a Vendor’s Worst Nightmares II-8 An Integrated Business Model Can Redesign Value Proposition II-8 Overseas Acquisitions and Alliances - Playing the Local Card Globally II-8 It Pays to be in the Rapid eLearning Market II-9 Conventional Vs. Rapid eLearning Techniques - A Quick Review II-9 Rapid eLearning Minimizes Development Time & Cost II-9 Outsourcing - A Relatively New Phenomenon II-10 Why Does it Pay to Outsource? II-10 Cost Savings - Primary Driving Factor II-10 Enhanced & Consistent Instructional Design II-10 A Need to Work with Specialist Vendors II-11 Is Outsourcing an All-Pervading Panacea? II-11 Reorientation Goes a Long Way in Success of Outsourcing Model II-11 Outsourcing Models - An Overview II-11 Single-Step Outsource Model II-11 Dual-Shore Development Model II-11 Totally Outsourced Model II-11 Benefits of Hosted or Outsourced eLearning Services II-12 Scenario-based eLearning - A Preferred Tool for Real-Life Situation Training II-12 Impact of Information and Communication Technologies (ICT) on Learning II-12 Open Source LMS - An Alternative to Commercial LMS II-12 Partnerships Across Segments on the Rise II-13 Virtual Classrooms Gaining Popularity II-13 eLearning Programs for Geographically Dispersed Workforce II-13 Lack of Standards Hamper Rapid Growth Prospects II-13 Technology - No Longer the Primary Focus of eLearning Market II-13 Blended Learning - Ideal Combination of Conventional & Modern Techniques II-14 Knowledge Management - Key to Efficient Organizational Functioning II-14 Collaborative Learning Enables Information Exchange II-14 Simulations Provide Practical Learning Experience II-15 M-Learning: eLearning on the Move II-15 Improved Hardware Technology Drives eLearning II-15 eLearning in Small Organizations II-15 Rising Demand for Lite LMS from Small Organizations II-15 Enhanced LCMS Drives Organizations to Internally Develop eLearning Programs II-15 Improvement in Content to Boost Market II-16 Other eLearning Trends II-16 3. What Ails eLearning Market? II-17 Poor Focus on Strategy II-17 Vendor-Developer Partnerships Continue to be a Major Challenge II-17 Integrating Diverse Standards - A Herculean Task for the Industry II-17 Redundancy and Obsolescence - Eating into Cost Savings II-17 Lack of Acceptable Management Techniques to Measure Effectiveness II-18 Change Management - Critical for Success of any eLearning Initiative II-18 Enhanced Analytical Capabilities - A Debatable Issue II-18 Need to Realign Pedagogy Models II-18 Interactive and Compelling Content - Need of the Day II-18 Infrastructure Woes Hamper Rapid Proliferation II-18 4. Corporate eLearning II-19 An Overview II-19 Factors Driving Rapid Proliferation of Corporate eLearning II-19 Specific Issues & Trends II-19 North America Leads Regional Corporate eLearning Revenues II-19 Organizations Increase Training Budgets II-20 Dynamic Markets Necessitate Corporate eLearning II-20 Increased Mobility of Workforce Drives Adoption of eLearning Programs II-20 Rapid eLearning Aids Faster Content Development II-20 Economic Value of eLearning II-21 Small & Medium Sized Businesses - The Weakest Link in European Corporate eLearning Market II-21 Other Trends in Corporate eLearning II-21 5. K-12 & Universities/Higher Education II-22 eLearning in Colleges II-22 Universities Enter the eLearning Space II-22 eLearning in Higher Education: Impact on Economy II-23 Role of Regulations in eLearning II-23 Impact of eLearning in Higher Education II-23 6. Standards II-24 Need for Standards II-24 Standards in eLearning - A Categorization II-24 Metadata II-24 Content Packaging II-24 Learner Profiles II-24 Accrediting Organizations & Standards II-25 Advanced Distributed Learning (ADL) Initiative II-25 Instructional Management System Global Learning Consortium (IMS) II-25 Shareable Content Object Reference Model (SCORM) II-25 Aviation Industry Computer-Based Training Committee (AICC) II-25 Institute of Electronics and Electrical Engineering’s Learning Technology Standards Committee (IEEE LTSC) II-25 World Wide Web Consortium II-26 7. Learning Management Systems (LMS) II-27 An Introduction to Learning Management System (LMS) II-27 LMS Perception in Education and Corporate Sphere II-27 LCMS (Learning Content Management Systems): An Extension of LMS II-27 Competitive Scenario in LMS Market - A Recent Past Perspective II-28 SumTotal - The Global Leader II-28 Consolidation - Growth Through Shrinkage in a Highly Fragmented Market II-28 Table 1: Leading Vendors in Global LMS Market (2003-2005) - Percentage Share by Revenue - SumTotal Systems, Saba Software, Plateau Systems, Pathlore, THINQ Learning Solutions, WBT Systems and Others (includes corresponding Graph/Chart) II-29 Factors Driving LMS Market Growth II-29 Strategy-Based Drivers - An Overview II-29 Development and Implementation of Enterprise- Learning Initiatives II-29 Integration of Training Information II-30 Alignment of Training Schedules/Processes II-30 Management of Talent and Aptitude II-30 Regulatory Compliance II-30 Efficiency-Based Drivers II-30 Minimizing Cost of Training II-30 E-Learning Implementation II-30 Issues & Trends II-30 Talent Management - Convergence of Learning and Performance Management Systems II-30 Outsourced LMS Systems - Benefits Galore II-32 Online Education- A New Wave for LMS Growth II-32 Systems Integration - A Major Challenge II-33 Industry Consolidation - An Ongoing Trend II-33 LMS in Nordic Countries - A Growing System II-33 8. Recent Industry Activity II-34 ProQuest Takes Over WebFeat II-34 General Physics Acquires Performance Consulting II-34 IBS to Acquire Majority Stake in Lenvea II-34 KnowledgePool Takes Over BTP II-34 ChinaEdu to Buy Remaining 20% Stake in 101 Online School II-34 Everonn Takes Over Aban’s E-Learning Division II-35 Blackboard Partners with My Learning to Offer K-12 Professional Development II-35 XpertUniverse Partners with MiracleMind II-35 iLinc Partners with Evolment to Market Web Conferencing Products II-35 CSUF Opts iLinc for Web Collaboration Initiative II-35 ESA Employs iLinc’s Web Conferencing Solution II-35 Concur Chooses LearnCenter® Platform II-36 Bupa Worldwide Deploys LearnCenter II-36 MindCrossings Implements LearnCenter® II-36 MBD Group to Expand its Educational Portal II-36 NEC Collaborates with SumTotal to Develop SaaS Learning Service II-36 Unified Grocers Opts SumTotal for Learning and Performance Management II-37 Saba Centra Delivers Training and Online Education to Remote Communities II-37 Adobe to Invest US$200 Million for Expansion in India II-37 Pearson Education Acquires eCollege® II-37 Cisco Takes Over WebEx II-37 ThirdForce Acquires MindLeaders II-38 LRN Takes Over Fuel IT II-38 Atlantis Takes Over Eduplus II-38 Avalon Enterprise Takes Over Infotrain Consulting II-38 Intellego Acquires Copia’s e-Learning Business II-38 Educomp Buys Stake in Savvicca II-38 Blackboard and Wimba Partner to Distribute Online Learning Solutions II-38 Adobe Partners with SAP to Offer Virtual Learning II-39 Adobe Acrobat Connect Professional Enhances Philips’ Healthcare LMS II-39 Epic Partners with Adobe II-39 Conference Plus and iLinc Enter into a Co-Distribution Agreement II-39 Saba Partners with Mentor Tecnologia II-39 Blackboard Signs an Agreement with SLBdiensten and SURFdiensten II-40 KnowledgePlanet Integrates On-Demand LMS with iLinc’s Communication Platform II-40 OEF and Symantec Protect Think.coms Global Learning Environment II-40 Medical Staffing Network Deploys GeoMaestro™ II-40 HighTop Deploys SaaS LMS Suite from GeoLearning II-40 Availity Chooses GeoLearning’s SaaS LMS Suite II-41 NASCO Deploys SaaS LMS Suite from GeoLearning II-41 Ceridian Opts GeoMaestro LMS Suite II-41 CGI Deploys SkillSoft’s e-Learning Solution II-41 Wilson Fuel Opts Learning and Talent Management Solutions from SumTotal II-41 Ericsson and Stanford University Offer E-learning in Africa II-42 e-Learning for Kids and Proton Introduce Online Language Arts Course II-42 MedAssets Deploys GeoMaestro™ LMS Platform II-42 Black & Decker Opts GeoLearning to Provide Managed Learning Services II-42 SPI Deploys LMS Suite from GeoLearning II-42 FrontRange Solutions Deploys LearnCenter Platform II-43 U.S. Army Partners with SkillSoft to Provide e-learning Courseware II-43 AGCO Implements Talent Management System from SumTotal II-43 SumTotal Provides TotalLMS™ to Life Time Fitness II-43 Swiss Re Opts Plateau Systems to Support Global Learning Management II-43 Trojan Technologies Opts SaaS LMS Suite from GeoLearning II-43 Greene Consulting Uses WBT’s e-Learning Suite II-44 Open Learning Accelerates Business Growth Using LearningServer II-44 Emirates Group Opts Learning Management System from Plateau Systems II-44 Plateau Systems Takes Over Nuvosoft II-44 Kaplan Takes Over Sagemont and Virtual Sage II-44 Kaplan Buys Out EduNeering II-45 SumTotal Signs a Re-Seller Agreement with Beijing’s Founder Order II-45 SkillSoft Bags U.S. Army Contract for Providing E-Learning Solutions II-45 Plateau Systems Partners with New Resellers in Europe II-45 Oracle Enters into First e-Learning BPO Partnership with Quistor II-45 Kaplan and ACE Education Join Forces II-46 Reuters Adopts Plateau’s Integrated LMS Suite II-46 Blackboard Partners with Thinkronize II-46 Hitachi Employs Saba’s Enterprise Suite II-46 OLADE Uses Saba’s Real-Time Learning Solution II-46 Informatica Deploys Plateau LMS Solution II-46 GeoLearning Teams Up with Harbinger Knowledge Products II-47 Adopt GeoLearning’s LMS & Talent Management Suite II-47 ITA Renews Partnership Agreement with Learn.Com® II-47 The National FFA Foundation Deploys Learn.Com’s Talent Management Suite II-48 Momenta Signs a Reseller Agreement with Learn.Com® II-48 Learn.Com Provides LearnCenter Platform to Quiznos II-48 DISA Adopts Learn.Com’s Talent Management Suite II-48 Open Training Provides Online Learning Solutions to Swedish Bank II-48 GeneEd Partners with SFSU CEL II-48 NetDimensions EKP for Shanghai Airlines II-48 Belfast Institute Deploys Cisco® Unified Wireless Network II-49 Saba Unveils a Business Unit for On-demand Requirements II-49 eCornell Collaborates with Easy Educate™ II-49 Dubai e-Government Offers e-Learning Courses to Dubai Municipality II-49 Microsoft Gold Certified Partner Status for IntraLearn for the Sixth Year II-49 SumTotal Takes Over MindSolve Technologies II-49 Saba Buys Out Centra Software II-49 Blackboard Acquires WebCT II-50 HP Takes Over Mercury Interactive II-50 RWD Acquires Learning Curve Limited II-50 SmartPros Takes Over Skye Multimedia and Sage Online Learning II-50 Horizon Technology Group Takes Over WBT Systems II-51 CIG Acquires ProQuest Information and Learning Company II-51 SAIC Acquires Cornerstone II-51 Futuremedia PLC Takes Over Button Group PLC II-51 Tata Acquires Two eLearning Companies in Europe II-51 Kaplan Acquires Aspect and SpellRead II-51 Kaplan Buys Out Tribeca Learning II-52 Kaplan Takes Over Hong Kong Based HKPVS II-52 Kaplan Takes Over PMBR II-52 Seamless Technology Inc. Merges with Fingerware Corporation II-52 AdVal Group Merges with Maxim Learning Ltd II-52 SumTotal Integrates TotalLMS™ with SkillSoft’s OLSA II-52 STI’s e-Learning Subsidiary Partners with Sum Total Systems II-52 SumTotal Partners with HP to Serve its First Mainland China Customer II-53 SumTotal Partners with China’s Great Wall Computer Software and Systems II-53 Fifth Business Becomes SumTotal Systems’ Content Partner II-53 Plateau Systems Partners with Adobe II-53 Plateau’s iContent Portal Features Content from SkillSoft and Books24x7 II-53 Blackboard Partners with SAP II-54 RWD along with NTIS Offers E-Learning Solutions to Government Agencies II-54 eCollege Partners with LANIT Consulting II-54 McGraw-Hill and Embanet to Jointly Offer E-Learning Solutions II-54 SumTotal Signs US$13 Million Contract with ExcellerateHRO II-54 Sheetz Selects Learning Management Solution from SumTotal II-54 Plateau Systems Provides Plateau Performance to GE II-55 IntraLearn Enters into an Agreement with HunterStone II-55 CLN Signs an Agreement to Support IntraLearn’s LearningServer II-55 SkillSoft Offers Extensive Training Solutions to Pilkington II-55 Thomson NETg Collaborates with Plateau Systems II-55 Thomson NETg Partners with Fifty Lessons II-55 Charles Schwab Selects Enterprise LMS from SumTotal II-56 GeoLearning Offers LMS Suite to US-based Non-Profit Organizations II-56 GeoLearning Offers LMS Suite to Health Quest & The Maurer Foundation II-56 GeoLearning Provides GeoExpress™ LMS Suite to Cellular South II-56 GeoLearning Offers LMS Suite to Leading Finance & Insurance Companies II-56 US State Government Agencies Adopt GeoLearning LMS Platform II-57 Cornerstone OnDemand Inks Agreement with ESAB II-57 NetDimensions Partners with X-Pulse Targeting the German Market II-57 NetDimensions’ Strategic Alliance with 360training II-57 Riverdeep is the New Distribution Partner for Infosource II-57 GoLearn Renews Contract with GeoLearning for GeoMaestro LMS Platform II-58 TIS Partners with PHM Developing & Implementing e-Learning Initiatives II-58 Kaplan Forms a Strategic Alliance with New Channel II-58 PAVCS Adopts Blackboard Academic Suite II-58 Hannaford Opts for SkillSoft to Develop E-Learning Program II-58 GeoLearning’s LMS Suite for Brinker International II-58 CLS Adopts Web-Based LMS from SyberWorks II-59 SIRS, Evansville ARC and GCARC Opt for Syber Works LMS II-59 Learn.Com Sources Training Needs of ADAC Automotive II-59 Odyssey Adopts the LearnCenter e-Learning Suite II-59 GDLN Employs Elluminate’s Live E-Learning Solution on a Trial Basis II-59 Arab University to Establish eLearning Center II-59 Intel Technology Drives First Bookless Application in UAE II-59 Pfizer Selects WBT Systems to Source Training Requirements II-60 The Basler Group Employs WBT’s TopClass for its Banking Division II-60 WBT Systems Provides LMS Platform to ELT and RAPS II-60 WBT Systems Bags an Order for TopClass eLearning Suite™ II-60 WBT Systems Extends Partnership Agreement with Profexcel II-60 UJ Opts for the WebCT Vista Enterprise e-Learning Solution II-61 Microsoft Withdraws MELL from the Market II-61 Cisco Upgrades Network for Swinburne University II-61 ROCvA Chooses SONA from Cisco II-61 SumTotal Acquires Pathlore II-61 Saba Acquires THINQ Learning Solutions Inc II-61 GeoMetrix Teams Up with Edeo-Knowledgeware II-62 Oracle Acquires PeopleSoft II-62 ProQuest Company Buys Out Voyager II-62 U.S. Department of Energy Chooses General Physics Corp. for Learning Management System II-62 eCollege® Inks Partnership Agreement with SMARTHINKING II-62 SkillSoft Inks Partnership Agreement with Exxceed Inc II-63 eCollege® Inks Agreement with ETS II-63 Plateau Systems Bags Contract from GoLearn II-63 eCollege® Expands Partnership with DeVry Inc II-63 QAD Selects IntraLearn XE Learning Management System II-63 TRADOC Installs Web-based Army LMS II-64 Franciscan University of Steubenville Chooses Jenzabar TCM Solutions II-64 SkyQuestCom Expands into Indian Market II-64 Blackboard Establishes Join-Venture in China II-64 Isoph Corp. Merges with Florida Company II-64 Adobe Acquires Macromedia II-64 Provinent Merges with VitesseLearning II-64 XStream Software Inc. Acquires Crossdraw Inc II-65 REDTRAY Ltd. Merges with BlueU II-65 Acquisition of Creative Learning Media by ThirdForce II-65 Acquisition of Maximize Learning by TechBooks II-65 Acquisition of WebTech by SYS Technologies II-65 Acquisition of Novations Learning Technologies by Latitude Consulting Group II-65 Huveaux Plc Acquires Epic II-65 Brainvisa Technologies Receives US$5.5 funding from WestBridge Capital Partners II-66 GeneEd and Zenosis Team-Up on New eLearning Product II-66 JPMorganChase Selects SumTotal Enterprise LMS II-66 Analog Devices inks Contract with SumTotal for TotalLMS 7.0 II-66 SyberWorks Partners with Linktivity for Integrated Learning Management Solution. II-66 SyberWorks Bags Online Bridge Education and Training Program Contract II-66 SyberWorks Designs Online Content for Customer Centric Systems LLC II-67 Vital Learning Inc Partners with SyberWorks II-67 WBT Systems Inks Partnership Agreement with Innovatia II-67 WBT Systems Bags Order from Standard Life II-67 RoboGroup Bags eLearning Contract II-67 Docent and Click2learn Merger Creates SumTotal Systems II-68 Pathlore Acquires DKSystems II-68 Hyderabad - A New Global Hub for SumTotal II-68 Thomson Inks Agreement to Purchase KnowledgeNet II-68 NetDimensions Inks Partnership Agreement with China-Based Neusoft Group II-68 Acquisition of DigitalThink by Convergys II-68 9. Product Developments/Introductions II-69 Blackboard Unveils New K-12 Professional Development Solution II-69 Trivantis Releases CourseMill 5.0 LMS II-69 KnowledgePlanet Introduces Firefly Publisher II-69 Learn.com Unveils FormFlow™ Framework II-69 Trivantis Unveils Lectora 2008 II-70 Epic Launches New Rapid e-Learning Tool II-70 Epic Develops e-Learning Programme for Social Care Workforce II-70 Epic and Learning Pool Develop Modern Councillor II-70 NetDimensions Releases Enterprise Knowledge Platform II-70 Netlearning Offers E-Learning to Japanese Firms II-71 Epic and ESN Develop e-Learning for EU II-71 Kenyan Government Introduces E-Learning in Schools II-71 Dubai eGovernment Launches eManager II-71 SumTotal Releases New Version of s LMS Suite II-71 Blackboard Introduces the Blackboard Outcomes System II-71 Blackboard Releases Scholar II-72 Articulate Global Introduces Articulate Online II-72 Voyager Unleashes VmathLive II-72 Brainvisa Unveils Rapid e-Learning Suite II-72 India’s First Cross-Cultural e-Learning Portal II-72 SumTotal Releases Enterprise Suite 7.2 II-72 SumTotal Unveils New Version of Resultson Demand Platform II-73 SumTotal Unveils ToolBook Translation System II-73 Plateau Systems Unveils iContent II-73 Plateau Systems Introduces Business Edition Products II-73 Plateau Systems Unleashes Plateau OnDemand II-73 Blackboard Unveils Portfolio Solution for Vista & CE Customers II-74 Blackboard Announces Blackboard Beyond Initiative II-74 SkillSoft Introduces Online Learning and Information Portals II-74 SkillSoft Introduces SkillSoft ELC II-74 eCollege Unveils eCollege.NexT II-74 Adobe Introduces Adobe Captivate 2 II-74 Articulate Unleashes Articulate Engage II-74 GeneEd Introduces Database of Disease State e-Learning II-75 HP to Release a Portal for Retail Learning and Certification II-75 IBM Introduces Tools Offering Means for Custom Learning II-75 GeneEd Unveils e-Learning Course on Biostatistics II-75 KnowledgePool Introduces Means to Assess the Impact of Learning II-75 KnowledgePlanet Releases On-Demand Learning Suite II-75 WBT Systems Releases TopClass Version 7.4 II-76 NetDimensions Unveils EKP 4.6 II-76 Learn.Com Unleashes LearnCenter 9 II-76 LearnCenter Platform by Learn.Com Delivers Training on Video iPod II-76 Strayer University Unleashes a Virtual Commencement Ceremony II-76 Oracle Releases PeopleSoft Enterprise Learning Management Solution II-76 NetDimensions Introduces EKP Server Plus II-76 NetDimensions Unleashes EKP Version 4.5 II-77 IntraLearn Software Introduces New eLearning Application Suite II-77 Mohive Rolls Out New Edition of Enterprise eLearning Publishing System II-77 Nuvvo Rolls Out free Online Market Zone for eLearning Courses II-77 Thomson ELT Unveils MyELT II-77 Trivantis Introduces the CourseMill 4.1 II-78 WebEx Unveils Learning Manager from GeoLearning II-78 India’s First e-Learning Portal for Retail Management Unleashed II-78 Indian Government Launches Sakshat, an e-Learning Initiative II-78 China Unveils Chinese Learning Web Portal II-78 eCollege® Introduces Interactive Data Analysis Toolset II-78 SkillSoft Unveils New Virtual Classroom Solution II-79 SkillSoft Introduces Certification Services II-79 SkillSoft Introduces Advanced Reporting Module for LMS II-79 eCollege® Drives Advancements in Managing Large-Scale Online Programs II-79 SmartPros Ltd. Introduce New Content Delivery System II-79 Composica Introduces New Web-Based eLearning Authoring Tool II-79 Harbinger Knowledge Products Unveils New Authoring Tool II-80 KESDEE Inc. Introduces New Interactive eLearning Courseware II-80 Trivantis Corp. Introduces New Version of eLearning Authoring Tool II-80 Questionmark Launches New Software Connector for Blackboard Learning System II-80 Riverdeep Introduces New Learning Management System II-80 Saba Introduces Enterprise Series Learning Content Management Solution II-81 RWD Technologies Releases University360® Learning Management System II-81 Resource Bridge Introduces ExceLearn (SM) Learning Management System II-81 WBT Systems Unveils World Bank LMS II-81 Gen21 Unveils New Compliance Tool Suite II-82 NetDimensions Introduces Low-Cost LMS II-82 SumTotal Introduces New Version of Learning Management System II-82 SkillSoft Unveils Search-and-Learn™ Connect for LMS II-82 SyberWorks Launches New Online Functionality II-82 WBT Systems Develops LOMALearn Online for LOMA II-83 Meridian KSI Rolls Out New Version of Learning Management System II-83 NetDimensions Introduces New Version Enterprise Knowledge Platform™ II-83 KESDEE Unveils K-LMS II-83 FirstList Launches SCORM-Certified Learning Management Systems II-83 SumTotal Systems Unveils SumTotal Enterprise Suite 7.0 II-84 10. Focus on Select Key Players II-85 Adobe Systems Inc. (US) II-85 Apollo Group, Inc. (US) II-85 Articulate Global, Inc. (US) II-85 Blackboard Inc. (US) II-85 Career Education Corp. (US) II-86 Cegos Group (France) II-86 Cisco Systems, Inc. (US) II-86 CognitiveArts (US) II-87 Convergys Corp. (US) II-87 Corinthian Colleges, Inc. (US) II-87 Corpedia, Inc. (US) II-88 eCollege (US) II-88 Epic Group PLC (UK) II-88 GeneEd, Inc. (US) II-88 GeoLearning, Inc. (US) II-89 Hewlett-Packard (US) II-89 iLinc Communications, Inc. (US) II-89 Inspired eLearning Inc. (US) II-89 International Business Machines Corporation (US) II-90 IntraLearn Software Corp. (US) II-90 Kaplan, Inc. (US) II-90 KnowledgePlanet.com (US) II-91 KnowledgePool Group (UK) II-91 Learn.com® (US) II-91 Mentergy, Ltd. (US) II-92 Microsoft Corporation (US) II-92 MiracleMind.com (US) II-92 NetDimensions Ltd. (Hong Kong) II-93 NYIF.com (US) II-93 Oracle Corp. (US) II-93 Plateau Systems Ltd. (US) II-93 ProQuest Company (US) II-94 Saba.com (US) II-94 Skillsoft.com (US) II-94 Books 24/7 (US) II-95 Strayer Education, Inc. (US) II-95 STT (US) II-95 SumTotal Systems, Inc. (US) II-96 SyberWorks, Inc. (US) II-96 Sylvan Learning (US) II-96 Tata Interactive Systems (India) II-96 Telematica Limited (UK) II-97 The Ken Blanchard Companies (US) II-97 The McGraw-Hill Companies (US) II-97 Trivantis Corp. (US) II-98 WBT Systems Ltd. (Ireland) II-98 WebEx Communications, Inc. (US) II-98 Zenosis Limited (UK) II-98 11. Global Market Perspective II-99 World Market for eLearning II-99 Table 2: World Recent Past, Current & Future Analysis for eLearning by Geographic Region - US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2001 through 2010 (includes corresponding Graph/Chart) II-99 Table 3: World Long-term Projections for eLearning by Geographic Region - US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2011 through 2015 (includes corresponding Graph/Chart) II-100 Table 4: World 10-Year Perspective for eLearning by Geographic Region - Percentage Breakdown of Revenues for US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) II-100 World Market for Corporate eLearning II-101 Table 5: World Recent Past, Current & Future Analysis for Corporate eLearning by Geographic Region - US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2001 through 2010 (includes corresponding Graph/Chart) II-101 Table 6: World Long-term Projections for Corporate eLearning by Geographic Region - US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2011 through 2015 (includes corresponding Graph/Chart) II-102 Table 7: World 10-Year Perspective for Corporate eLearning by Geographic Region - Percentage Breakdown of Revenues for US, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of the World Markets for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) II-102 III. MARKET 1. The United States III-1 A.Market Analysis III-1 Overview III-1 Current and Future Analysis III-1 Issues & Trends III-1 eLearning & Outsourcing Drive Corporate Training Market III-1 Branding: A Leveraging Factor III-2 Consolidation: Key to Survival III-2 ASP: A New Technology Model III-2 Customized eLearning: A Growing Fad III-2 Partnerships: An Effective Strategy III-3 Corporate eLearning Dominates Overall eLearning Market III-3 Reduced Technological Barriers III-3 The Corporate University Concept III-3 Major Factors Fuelling the Growth of Corporate & Government eLearning III-3 Focus on Select Key Players III-4 Adobe Systems, Inc. III-4 Apollo Group, Inc. III-4 Articulate Global, Inc. III-4 Blackboard, Inc. III-5 Career Education Corp. III-5 Cisco Systems, Inc. III-5 CognitiveArts III-6 Convergys Corp. III-6 Corinthian Colleges, Inc. III-6 Corpedia, Inc. III-7 eCollege III-7 EdShop.com III-7 GeneEd, Inc. III-7 GeoLearning, Inc. III-7 Hewlett-Packard III-7 iLinc Communications, Inc. III-8 Inspired eLearning, Inc. III-8 International Business Machines Corporation III-8 IntraLearn Software Corp. III-9 Kaplan, Inc. III-9 KnowledgePlanet.com III-9 Learn.com® III-10 Mentergy, Ltd. III-10 Microsoft Corporation III-10 MiracleMind.com III-11 NYIF.com III-11 Oracle Corp. III-11 Plateau Systems Ltd. III-11 ProQuest Company III-12 Saba.com III-12 Skillsoft.com III-13 Books 24/7 III-13 Strayer Education, Inc. III-13 STT III-13 SumTotal Systems, Inc. III-14 SyberWorks, Inc. III-14 Sylvan Learning III-14 The Ken Blanchard Companies III-15 The McGraw-Hill Companies III-15 Trivantis Corp. III-15 WebEx Communications, Inc. III-15 Recent Industry Activity III-16 Product Launches/Introductions III-41 B.Market Analytics III-52 Table 8: US Recent Past, Current & Future Analysis for eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-52 Table 9: US Long-term Projections for eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-52 Table 10: US 10-Year Perspective for eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-53 Table 11: US Recent Past, Current & Future Analysis for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-53 Table 12: US Long-term Projections for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-54 Table 13: US 10-Year Perspective for Corporate eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-54 2. Japan III-55 A.Market Analysis III-55 Overview III-55 Current and Future Analysis III-55 Issues & Trends III-55 Corporate ELearning Market Holds Promise III-55 Broadband Connections Power eLearning III-56 Non-IT Enterprises Jump into the Arena III-56 Content Creation - Major Impediment During Early Stage of Adoption III-56 Lack of Personnel Education Plan III-56 Need for Effective Instructional Designers III-56 B.Market Analytics III-57 Table 14: Japanese Recent Past, Current & Future Analysis for eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-57 Table 15: Japanese Long-term Projections for eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-57 Table 16: Japanese 10-Year Perspective for eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-58 Table 17: Japanese Recent Past, Current & Future Analysis for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-58 Table 18: Japanese Long-term Projections for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-59 Table 19: Japanese 10-Year Perspective for Corporate eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-59 3. Europe III-60 A.Market Analysis III-60 Overview III-60 Current and Future Analysis III-60 Issues & Trends III-60 Small & Medium Sized Businesses - The Weakest Link in European Corporate eLearning Market III-60 Knowledge Management in Corporate Space III-61 eLearning and Viability III-61 Europe - An Open Market for Education III-61 Partnerships on the Rise III-61 Outsourcing Gains Momentum III-62 eLearning Opportunities in Europe III-62 English in Europe III-62 Developing Internet Infrastructure III-62 American Opportunities in Europe III-62 Select Regional Markets - An Overview III-62 France III-62 United Kingdom III-63 Trends in UK eLearning Market III-63 Blended Learning Programs on the Rise III-63 Focus on Select Key Players III-63 Epic Group PLC (UK) III-63 Groupe Cegos (France) III-63 KnowledgePool Group (UK) III-64 Telematica Limited (UK) III-64 WBT Systems Ltd (Ireland). III-64 Zenosis Limited (UK) III-65 Recent Industry Activity III-65 Product Launches III-69 B.Market Analytics III-71 Table 20: European Recent Past, Current & Future Analysis for eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-71 Table 21: European Long-term Projections for eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-72 Table 22: European 10-Year Perspective for eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-72 Table 23: European Recent Past, Current & Future Analysis for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-73 Table 24: European Long-term Projections for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-73 Table 25: European 10-Year Perspective for Corporate eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-74 4. Asia-Pacific III-75 A.Market Analysis III-75 Overview III-75 Current and Future Analysis III-75 Issues & Trends III-75 Relatively Late Entrants with Better Access to Emerging Technologies III-75 Diverse Languages - An Obstacle to eLearning Adoption III-75 Proliferation of Digital Devices Holds Potential for M- Learning Solutions III-75 Market Drivers III-76 Market Restraints III-76 Select Regional Markets - An Overview III-76 Australia III-76 Factors Driving Adoption of eLearning Programs III-76 eLearning in Higher Education III-77 Trends in eLearning III-77 China III-77 India III-77 eLearning Market in India - Opportunities Galore III-77 Electronic Learning in Domestic Market III-78 Expanding Market Attracts Foreign Vendors III-78 Regulatory Body - A Requisite for India eLearning Community III-78 Indian E-Companies Gain Prominence III-78 South Korea III-79 Online Learning on the Rise III-79 Price competitiveness III-79 High Internet Aptitude Among Students III-79 Time and Location Convenience III-79 Mobile eLearning III-79 Thailand III-80 eLearning in Thai Government Sector III-80 Thai Government Initiatives for eLearning III-80 Philippines III-80 Customized Learning Solutions on the Rise III-80 Low-Priced Off-the-Shelf Products70z Hold Sway III-80 Declining Prices & New Features Promote LMS Implementation III-81 Access to Online Infrastructure & Enhanced Simulation Facilitates eLearning III-81 Focus on Select Key Players III-81 NetDimensions Ltd. (Hong Kong) III-81 Tata Interactive Systems (India) III-81 Recent Industry Activity III-82 Product Launches III-84 B.Market Analytics III-87 Table 26: Asia-Pacific Recent Past, Current & Future Analysis for eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-87 Table 27: Asia-Pacific Long-term Projections for eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-88 Table 28: Asia-Pacific 10-Year Perspective for eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-88 Table 29: Asia-Pacific Recent Past, Current & Future Analysis for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-89 Table 30: Asia-Pacific Long-term Projections for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-89 Table 31: Asia-Pacific 10-Year Perspective for Corporate eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-90 5. Rest of World III-91 A.Market Analysis III-91 Current and Future Analysis III-91 Select Regional Markets - An Overview III-91 Saudi Arabia III-91 United Arab Emirates (UAE) III-91 Recent Industry Activity III-91 B.Market Analytics III-95 Table 32: Rest of World Recent Past, Current & Future Analysis for eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-95 Table 33: Rest of World Long-term Projections for eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-95 Table 34: Rest of World 10-Year Perspective for eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-96 Table 35: Rest of World Recent Past, Current & Future Analysis for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-96 Table 36: Rest of World Long-term Projections for Corporate eLearning Market with Annual Revenues in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) III-97 Table 37: Rest of World 10-Year Perspective for Corporate eLearning - Breakdown of Revenues as a Percentage of Global Market for the Years 2003, 2008, & 2012 (includes corresponding Graph/Chart) III-97 IV. COMPETITIVE LANDSCAPE

Companies Mentioned

- 24X7 Learning Solutions P Ltd (India) - ABC Academy/Danish Probe A/S (Denmark) - ACAS (UK) - ACE Satellight Networks (USA) - Achieve Global (USA) - Active Education Ltd (UK) - Adaptive Tutoring Systems, Inc (Canada) - Adobe Systems Incorporated (USA) - Adval Group PLC (UK) - AdvanceOnline Incorporated (USA) - AEC EduTech (Malaysia) - Audio Graphics Training Systems, Inc (USA) - Aims Multimedia (USA) - Alamo Learning Systems (USA) - Alesys (USA) - Allen Communication Learning Services (USA) - Allen Interactions, Inc (USA) - American Bankers Association (USA) - American Management Association (USA) - Apogee Interactive, Inc (USA) - Apollo Group, Inc (USA) - Articulate Global, Inc (USA) - ASK International (USA) - American Society For Training & Development (ASTD) (USA) - Avilar Technologies, Inc (USA) - Aztec Software Associates (USA) - Bentley College (USA) - Bisk Education, Inc (USA) - Blackboard, Inc (USA) - Blessing White (USA) - Blueu (UK) - Brainbench (USA) - Brainshark, Inc (USA) - Brainvisa Technologies Ltd (India) - Brandon Hall Research (USA) - Brightwave Ltd (UK) - Burlington County College (USA) - Cape (Community Of Agile Partners In Education) (USA) - Career Education Corporation (USA) - Career Systems International, Inc (USA) - Catalyst Interactive (Australia) - CBT Worldwide, Inc (USA) - Cebibo (China) - Celemi, Inc (Sweden) - Cenquest, Inc (USA) - Centurion Systems (USA) - Cisco Sytems, Inc (USA) - Clearlearn (USA) - CognitiveArts (USA) - Collaborative Learning Systems LLC (USA) - College Of Business Colorado State University (USA) - Composica Ltd (Israel) - Computer Associates International (USA) - Computer Generated Solutions, Inc (USA) - Convergys Corporation (USA) - Coremedia Training Solutions (USA) - Corinthian Colleges, Inc (USA) - Cornerstone OnDemand, Inc (USA) - Corpedia, Inc (USA) - Corporate Space Camp (USA) - Corporate University Xchange (USA) - Courses By Wire, Inc (Canada) - Creative Approaches, Inc (USA) - Crestcom International Ltd (USA) - Cyberu, Inc (USA) - Cylix Ltd (UK) - D E I Management Group, Inc (USA) - Dale Carnegie Training (USA) - DeSai Learning (USA) - Digital Knowledge Works (USA) - DLC Solutions LLC (USA) - Docent University (USA) - DoggettData Incorporated (USA) - Dyned International, Inc (USA) - Easy Future International (Germany) - eCollege (USA) - Ecorporatecollege Com Inc (USA) - Edcor (USA) - Edge Interactive (USA) - Edshop Com (USA) - Eduflex Com (South Africa) - EEI Communications (USA) - Elearning Forge (South Africa) - E-Learning WMB (UK) - Element K LLC (USA) - Emantras Inc , (USA) - Embanet Corporation (Canada) - Emergesmart (Ireland) - Employment Law Learning Technologies (USA) - Empower Solutions (USA) - EMUWorldWide (USA) - Engage Interactive (Canada) - Enounce, Inc (USA) - Enspire Learning (USA) - Enterprise Training Solutions (USA) - Epath Learning, Inc (USA) - ESI & Associates, Inc (USA) - Eveo, Inc (USA) - eWebUniversity (India) - Excelsior College (USA) - ExperiencePoint, Inc (Canada) - Extended Disc Of North America, Inc (USA) - Frontline Group Technology Center (USA) - Fuel IT Limited (UK) - Futurate Ltd (UK) - Futuremedia PLC (UK) - Gemini Performance Solutions, Inc (Canada) - GeneEd, Inc (USA) - General Physics Corporation (USA) - Generation Learning Systems (USA) - Geolearning, Inc (USA) - GeoMetrix Data Systems, Inc (Canada) - Global Knowledge, Inc (USA) - GlobalEnglish, Inc (USA) - GlobalLearningSystems (USA) - GP E-Learning Technologies, Inc (USA) - Gradepoint, Inc (USA) - Great Circle Learning (USA) - Groupe Cegos (France) - Harbinger Knowledge Products (USA) - HCI Training (USA) - Helios Custom Training, Inc (USA) - Hewlett-Packard Company (USA) - Horizon Wimba (USA) - Hurix Systems Pvt Ltd (India) - Hurix Systems Private Limited (USA) - Hurix Systems Pvt Ltd (Singapore) - Huveaux PLC (UK) - Epic (UK) - Ideogram (UK) - iLinc Communications (USA) - Imaginon, Inc (USA) - Imparta Limited (UK) - Impatica, Inc (Canada) - Individual Software, Inc (USA) - Industrial Training Consultants, Inc (USA) - Informa Systems, Inc (USA) - Infosource, Inc (USA) - Inspired eLearning, Inc (USA) - Integrated Technologies, Inc (USA) - Intellexis International (UK) - Interaction Associates, Inc (USA) - Interactive Advantage Corporation (USA) - Interactive Employment Training, Inc (USA) - InterCom (USA) - Integrity eLearning (USA) - International Business Machines Corp (IBM) (USA) - Interpretive Software Business Simulations (USA) - Intersystem Concepts, Inc (USA) - Interwise, Inc (USA) - IntraLearn Software Corporation (USA) - Intrallect (UK) - ITC Learning Corporation (USA) - IVID Communications (USA) - Jenzabar, Inc (USA) - JNB Software Engineering Inc (USA) - Jones Knowledge, Inc (USA) - Kaplan IT Learning (USA) - Kesdee, Inc (USA) - Keystone Learning Systmes Inc (USA) - Knowbase Networks (USA) - Knowledge Anywhere (USA) - Knowledge Management Solutions, Inc (USA) - Knowledge Planet (USA) - Knowledge Quest (USA) - Knowledge Xtensions, Inc (USA) - KnowledgePool Group (UK) - Kognita Ltd (UK) - Kudos Information Ltd (UK) - L i Interface Technologies (USA) - Langevin Learning Services (USA) - Latitude Consulting Group, Inc (USA) - Leading Way Knowledge Systems (USA) - Learn com, Inc (USA) - Learn Corporation (USA) - Learnframe, Inc (USA) - Learning Insights (UK) - Learning Networks LLC (USA) - Learning Ware, Inc (USA) - Learnkey, Inc (USA) - LearnScapes (South Africa) - LearnSomething (USA) - Lionbridge Technologies, Inc (USA) - Little Planet Learning (USA) - Lore International Institute, Inc (USA) - Management Concepts (USA) - Marcom Group Limited (USA) - MaxIT Corporation (USA) - Mcgraw-Hill Companies, Inc (USA) - Measureup, Inc (USA) - Mediasphere (Australia) - Mentergy Limited (USA) - Meridian Knowledge Solutions, Inc (USA) - Microsoft Corporation (USA) - MindEdge, Inc (USA) - Mindleaders com, Inc (USA) - MiracleMind Com (USA) - Mlink Technologies, Inc (USA) - Mohive AS (Norway) - Moxie Media,Inc (USA) - NetDimensions Limited (Hong Kong) - New Horizons Computer Learning Centers, Inc (USA) - NextEd Limited (Hong Kong) - Nextwave Multimedia Pvt , Ltd (India) - Ninth House, Inc (USA) - Novell, Inc (USA) - Nuvvo (USA) - Omega Performance Corporation (USA) - One Touch Knowledge Systems, Inc (USA) - Online-Learning com (Canada) - Option six, Inc (USA) - Optx International (USA) - Oracle Corporation (USA) - Oriel, Incorporated (USA) - Orient InfoSolutions (USA) - PCI Global, Inc (USA) - Pearson Education, Inc (USA) - New York Institute Of Finance (USA) - Pedagogue Solutions (USA) - Pictron, Inc (USA) - Pinneast com, Inc (USA) - Plateau Systems Limited (USA) - Platte Canyon Multimedia Software Corporation (USA) - PrimeLearning com (Ireland) - Productivity Center, Inc (USA) - Productivity Point International (UK) - ProQuest Company (USA) - Qmind, Inc (USA) - Quality Media Resources, Inc (USA) - Question Mark Corporation (USA) - ReadyGo, Inc (USA) - Reingex & Eeni (Spain) - Relate Corporation (USA) - Renaissance Learning Systems (India) - Resource Bridge LLC (USA) - Resource Development Corporation (USA) - Risc, Inc (USA) - Riva Technologies (USA) - Riverdeep (USA) - RoboGroup Tek Ltd (Israel) - Root Learning, Inc (USA) - RWD Technologies, Inc (USA) - Saba Software, Inc (USA) - Santren (Zimbabwe) - Savant Audiovisuals, Inc (USA) - Savoirweb (USA) - Sealund & Associates Corporation (USA) - Seamless Technology, Inc (USA) - Self Test Software (USA) - Serebra Learning Corporation (Canada) - Sevensteps (The Netherlands) - Shadowbox Learning Services, Inc (Canada) - SkillSoft PLC (UK) - Skillsoft Corporation (USA) - SkyQuestCom (Singapore) - Smartpros Ltd (USA) - Specialized Solutions, Inc (USA) - Sterling Ledet And Associates, Inc (USA) - Strategic Management Group, Inc (USA) - Strayer Education, Inc (USA) - Stylus Systems Pvt , Ltd (India) - Sublime Media LLC (USA) - SumTotal Systems, Inc (USA) - SVI Training Products, Inc (USA) - Syberworks (USA) - Sylvan Learning (USA) - Sys Technologies (USA) - TCS (Tata Consultancy Services Ltd ) (India) - Tata Interactive Systems (India) - TBA Resources, Inc (USA) - Techbooks, Inc (USA) - Technomedia Training, Inc (Canada) - Techonline, Inc (USA) - TEDS, Inc (USA) - Tegrity, Inc (USA) - Telematica Ltd (UK) - Telephone Doctor Customer Service Training (USA) - Test Central, Inc (USA) - The Career Development Team, Inc (USA) - The Forum Corporation (USA) - The Ken Blanchard Companies (USA) - The Learning Libarty, Inc (Canada) - The Learning Manager (USA) - The Masie Center (USA) - The Richardson Company (USA) - Thirdforce PLC (Ireland) - Thomson Corporation (USA) - Thomson Netg (USA) - TNA Ltd (UK) - Training Management Corporation (USA) - Training Technologies (USA) - Transware (USA) - Trivantis Corporation (USA) - Trydian Interactive (UK) - TTG Systems Incorporated (Canada) - Universal Knowledge Solutions (UAE) - University of Nebraska-Lincoin Independent Study High - School (USA) - Upper Iowa University Online Program (USA) - Vcampus Corporation (USA) - Virtual Workshops, Inc (USA) - VisionCor (USA) - Vitalect, Inc (USA) - Vitesselearning (Canada) - Vuepoint (USA) - WBT Systems, Inc (USA) - Web Spiders (India) Pvt , Ltd (India) - Webex Communications, Inc (USA) - Williams Life Skills, Inc (USA) - Witness Systems (USA) - XStream Software, Inc (Canada) - York Telecom Corporation (USA) - YouAchieve, Inc (Canada) - Zenosis Limited (UK)