Press Releases & Coverage

Top HR and training professionals predict the future of e-learning

London, 22nd September 2004: At a customer advisory forum event hosted today by SkillSoft, the global e-learning provider, 150 top-level HR and training professionals from organisations including Xerox, Reuters, Sainsburys, Shell, O2, Deloitte, Nestle Purina and Marconi participated in a live survey to share their future predictions for e-learning.

Over 96% forecast a further increase in e-learning as part of their organisations' overall training delivery in the next 2-3 years.

When this 96% were asked to estimate what percentage of their overall training delivery will be delivered electronically in the next 2 3 years; 58% said that more than 25% of their training will be delivered in this way.

Breaking this down further into the type of training the group envisage will be delivered electronically in the next 2 3 years, the greatest majority (45%) anticipate that between 26% and 50% of their organisations' IT training will be delivered electronically. A further 31% cite that in excess of 51% of all their IT training will be delivered in this way. In terms of business skills training, the greatest majority (42%) said that between 11% and 25% will be delivered electronically. A further 27% said that between 26% and 50% of their organisations' business skills training will be delivered in this way.

Interestingly, when asked whether they envisaged an increase in e-learning for senior executive education in the next 2-3 years, 74% said yes.

Commenting on this, Kevin Young, Managing Director of SkillSoft EMEA, said:

"This suggests that those higher level managers and directors who have traditionally been slow to adopt e-learning are now embracing it themselves. Many of this group have been switched onto e-learning through the use of online books, ExecSummaries and other business related Referenceware."

Amongst the training professionals present whose organisations currently use SkillSoft's Referenceware products through its subsidiary company, Books24x7, the largest majority (38%) offer this facility to more than 51% of their employees.

Blended training continues to be important, with 45% of HR and training professionals expecting to blend over 51% of their training delivery in the next year. In terms of new elements to the blended learning mix, 82% expect to offer Referenceware such as Books24x7 to their employees within the next 2-3 years; 79% anticipate that the use of virtual classroom environments is set to grow and 78% envisage an increased demand for customised e-learning.

About SkillSoft

SkillSoft is a leading provider of comprehensive e-learning content and technology products. SkillSoft's multi-modal learning solutions support and enhance the speed and effectiveness of both formal and informal learning

Content offerings include SkillSoft's Business Skills Library and IT Skills and Certification Library; ITPro, BusinessPro, FinancePro, EngineeringPro, OfficeEssentials, and ExecSummaries Referenceware(TM) collections by Books24x7; and health and safety compliance courseware by GoTrain. Skillsoft's complementary technologies include SkillPort, the Company's learning management platform with its powerful Search-and-Learn capabilities, and SkillSoft Dialogue, the Company's newly introduced virtual classroom offering with associated tools for blended learning solutions. For more information, visit http://www.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.