Press Releases & Coverage

Exxceed and SkillSoft Partner on Solution to Link Work Force Management With Business Results

CHICAGO and NASHUA, N.H., May 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- Companies challenged with trying to attract, retain, develop and motivate the best talent and more effectively track and manage employee competencies, skills and job performance will be able to take advantage of a more cohesive solution that will help businesses align human capital management strategy and business performance.

Exxceed Inc., a Chicago-based leading provider of human capital management solutions, and SkillSoft PLC (Nasdaq: SKIL), a leading provider of content resources and complementary technologies for integrated enterprise learning, have formed a business partnership that will result in a more focused effort to bring the benefits of using Exxceed's CompetencySuite(TM) software service and content together with SkillSoft's SkillPort(R) learning management system to customers.

Of particular significance to customers considering using learning and competency content and management offerings from the two companies is the link between Exxceed and SkillSoft's Competency Dictionary, which is maintained and updated regularly by Exxceed as part of the CompetencySuite, and SkillSoft's e-learning resources and learning management system. The robust Competency Dictionary of more than 9,000 technical and behavioral competencies contains more than 10,000 links to SkillSoft's entire e-learning library. With its powerful Search-and-Learn(TM) technology, the SkillPort learning management system enables clients to search the content library and map desired competencies to corresponding SkillSoft learning resources.

"Our customers know that talent is a strategic resource requiring growth and development and that the emergence of new technologies helps them unlock unrealized potential," said Dean H. Dussias, president and CEO of Exxceed. "Our partnership with SkillSoft brings together two best-of-breed providers to help customers deliver sustainable performance and build better organizations."

According to a recent work force performance survey from the International Association for Human Resource Information Management, less than 12 percent of organizations believe they have successfully aligned their work force to match the business performance goals of their company. At the same time, 96 percent of companies reported work force performance management, which includes processes such as learning and performance management, succession and career planning, and competency management, is their top human capital management priority for 2005.

"With its extensive content, Web-based software and significant process knowledge, Exxceed is a natural partner for us to deliver an effective and automated human capital solution," said Chuck Moran, SkillSoft's president and CEO. "The combination of Exxceed's leading competency content and tools with SkillSoft's superior learning resources and technology platform will allow clients to tie their development and training activities to business results and performance."

"The biggest challenge for learning professionals is alignment of learning and development with strategic corporate initiatives," said Josh Bersin, president of Bersin & Associates, the only research and advisory firm solely focused on enterprise learning. "Fifty-four percent of HR managers identify competency-based training as a top priority in one of our recent research surveys. Exxceed's partnership with SkillSoft will help organizations align training resources with specific skills and competency-based programs driven by performance plans or critical business initiatives."

To support the new partnership, Exxceed and SkillSoft will work to provide integration points between the CompetencySuite and SkillPort. Both product offerings will continue to be sold independently through each provider.

About Exxceed

Headquartered in Chicago, IL, Exxceed Inc. is a leading provider of human capital management solutions that combine competency content, software as a service, and consulting, implementation and model-building services to help clients deliver sustainable performance and achieve organizational and individual excellence. Exxceed has clients in all parts of the globe, in industries ranging from global financial services, health care, energy, government and nonprofit, to manufacturing, technology, and information and professional services. http://www.exxceed.com

About SkillSoft

SkillSoft is a leading provider of comprehensive e-learning content and technology products for business and IT professionals within global enterprises. SkillSoft's multi-modal learning solutions support and enhance the speed and effectiveness of both formal and informal learning processes and integrate SkillSoft's in-depth content resources, learning management system, virtual classroom technology and support services.

Content offerings include SkillSoft's business, IT, desktop and compliance courseware collections and BusinessPro(TM), ITPro(TM), OfficeEssentials(TM), FinancePro(TM), EngineeringPro(TM), GovEssentials(TM), ExecSummaries(TM) and ExecBlueprints(TM) collections from Books24x7(R). SkillSoft's complementary technologies include SkillPort(R), the company's learning management system with its powerful Search-and-Learn(TM) technology and premium add-on modules, and SkillSoft(R) Dialogue(TM) virtual classroom, a tool that allows customers to create and deliver effective blended learning programs using custom content and off-the-shelf learning resources. For more information, visit http://www.skillsoft.com.

SkillSoft, the SkillSoft logo, Ahead of the Learning Curve, SkillPort, Search-and-Learn, SkillChoice, Books24x7, Referenceware, ITPro, BusinessPro, OfficeEssentials, GovEssentials, EngineeringPro, FinancePro, ExecSummaries, ExecBlueprints, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. All other trademarks are the property of their respective owners.

Content provided is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those indicated by such 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 risk factors disclosed under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Future Operating Results" in SkillSoft's Annual Report on Form 10-K for the year ended January 31, 2005, as filed with the Securities and Exchange Commission. The forward-looking statements provided by the company in this press release represent the company's views as of May 26, 2005. The company anticipates that subsequent events and developments may cause the company's views to change. However, while the company may elect to update these forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date of this release.

Contact:
Mary Sawyer
Kupper Parker Communications
314-290-2047
msawyer@kupperparker.com

Adrienne Rupp
SkillSoft
603-821-3319
adrienne_rupp@skillsoft.com

 
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SkillSoft Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.