Press Releases & Coverage

Books24x7 Launches ExecSummaries to Bring Summaries of Top-Selling Business Books to Enterprise Users

Partnership with Soundview Executive Book Summaries Brings More Than 140 Top Business Book Summaries to Online Subscribers

Norwood, MA – April 27, 2004 – Books24x7, a subsidiary of SkillSoft PLC (Nasdaq: SKIL) and the developer of online Referenceware® for IT and business professionals, today announced the availability of ExecSummaries, an online, searchable collection of business book summaries created by Soundview Executive Book Summaries. Books24x7’s partnership with Soundview gives ExecSummaries subscribers access to Soundview’s summaries of the 30 best business books each year, as well as additional summaries dating back to 2000.

The ExecSummaries collection is fully searchable, allowing users to search across the collection for books by topic, author, or keywords. Individual summaries, each typically about 5,000 words, can also be searched to quickly pinpoint specific information, such as a specific quote or fact. In addition to viewing summaries online, subscribers can also choose to download summaries in PDF or MP3 file format to laptops or to handheld and playback devices for later use. Plans are to integrate ExecSummaries with SkillPort 6, SkillSoft’s learning technology platform, later in 2004 for use with SkillPort’s Search-and-Learn™ feature.

The ExecSummaries collection currently includes 140 summaries; the collection will grow as new summaries are released each month. Representative titles included in the collection include:

• “Good To Great: Why Some Companies Make the Leap…and Others Don’t,” Jim Collins, HarperCollins, 2001.
• “Execution: The Discipline of Getting Things Done,” Larry Bossidy and Ram Charan, Crown, 2002.
• “Purple Cow: Transform Your Business By Being Remarkable,” Seth Godin, Portfolio, 2003.
• “The Innovator's Solution: Creating and Sustaining Successful Growth,” Clayton M. Christensen and Michael E. Raynor, Harvard Business School Press, 2003.

“ExecSummaries is an excellent complement to our unabridged business and IT collections, used by thousands of corporate and government employees,” said John Ambrose, general manager of Books24x7. “We believe ExecSummaries will be useful to all business professionals, especially managers and executives who are always hard pressed to keep up with the latest business books. Soundview pioneered the development of best-selling business summaries, and is today recognized as an industry leader. We think this partnership will be a sure-fire win for all – our users, the publishing community, Soundview, and Books24x7.”

“Books24x7 gives us the opportunity to further expand the readership of Soundview Executive Book Summaries,” said Chris Murray, editor in chief of Soundview. “Books24x7’s established presence in the corporate market brings our summaries to a much wider audience. Furthermore, it will benefit our publishing partners since we’ve proven that exposure to our summaries highly correlates to book purchases.”

Organizations can license ExecSummaries as a stand-alone collection or as a complement to Books24x7’s unabridged collections. Other Books24x7 offerings include: BusinessPro, an 1,800-title collection covering such topics as leadership, project management, communications, coaching, time management, and marketing and sales; ITPro, a 3,600-title collection encompassing areas such as programming, web development, operating systems, IT certification, databases, enterprise computing, graphic design; FinancePro, a collection of 270 titles targeted to financial professionals and covering financial and accounting topics such as GAAP, business valuation, Sarbanes-Oxley compliance, portfolio analysis, International Accounting Standards guidelines, and global economics; and OfficeEssentials, a 100-title specialty collection targeted to non-technical users who require occasional real-time assistance with common desktop applications such as Microsoft Office.

Books24x7’s powerful search engine can be used across all licensed resources. For instance, a user seeking information on business transformation can perform a single search to find all relevant resources in both BusinessPro and ExecSummaries collections. Then, depending on factors such as available time, currency of information, and relevancy ranking, the user can choose the resources that will likely best meet her information needs. ExecSummaries can also be added to bookshelves for frequent access and bookmarked for later reference or sharing.

Subscriptions to ExecSummaries are based on number of users, duration of contract, and other Books24x7 collections licensed. For more information and for samples, visit www.books24x7.com, email sales@books24x7.com, or call 781-440-0550.

About Soundview Executive Book Summaries
Founded in 1978, Soundview Executive Book Summaries pioneered the concept of distilling the key points and ideas of full-length business books into quick and easy-to-read print summaries. Each year, the company reviews approximately 1,500 business books and selects “the best of the best” for the 30 summaries published annually. Each summary is approximately 5,000 words (eight standard pages) in length.
Co-founder and publisher Cynthia Folino moved the company to Vermont in the early 1980s. In 1999, the company was acquired by Clement Publishing Group, a Concordville, Pennsylvania-based publisher of business-to-business newsletters and employee communications programs since 1919. Today, the company is the global leader in business content summarization. For more information, visit www.summary.com.

About Books24x7
Books24x7, a subsidiary of SkillSoft PLC (Nasdaq: SKIL), offers subscription clients online access to more than 5,000 unabridged IT and business books and reports. Books24x7’s patent-pending technology platform enables users to pinpoint business-critical information quickly by performing multi-tier, online searches of the company’s Referenceware collections: ITPro, BusinessPro, FinancePro, and OfficeEssentials.

Books24x7 helps bridge the gap between what employees know and need to know in hundreds of leading organizations, including Bank of America, EDS, and Lockheed Martin. The company has relationships with more than 100 leading publishers, including AMACOM, Apress, ASTD, Harvard Business School Press, McGraw-Hill, Microsoft Press, and John Wiley & Sons. For more information, visit www.books24x7.com.