CBT Group Acquires European Distribution Organization.MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--March 3, 1997--CBT Group PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CBTSY), today announced that it has further expanded its global reach into emerging IT training markets with the acquisition of its exclusive distributor in the Netherlands, Belgium, and Luxembourg. The acquisition was completed through the issuance of an aggregate of approximately 35,000 equivalent CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. . The company today also announced that it has completed the acquisition of Applied Learning Limited (ALA), an Australian distributor of interactive education software and CBT's exclusive distributor in Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . CBT initially announced its agreement to acquire ALA in November 1996. Included in the deal is ALA's Tarragon tarragon (târ`əgŏn), perennial aromatic Old World herb (Artemisia dracunculus) of the family Asteraceae (aster family), of the same genus as wormwood and sagebrush. line of soft skills training products, which expands CBT's courseware offerings to include training materials on developing management, sales, and leadership skills. ALA is based in New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. . "We're committed to rapidly accelerating our penetration into foreign markets to meet the growing demands of our customers worldwide," said William G. McCabe, CBT Group Chairman. "These newest acquisitions provide CBT with an important foundation upon which to build our IT training and education business in the European and Pacific Rim marketplaces." CBT Group PLC is a leading provider of interactive education software designed to meet the information technology training needs of businesses and organizations worldwide. The company develops, publishes and markets a broad library of more than 300 software titles, covering a comprehensive range of client-server, Internet, and corporate intranet technologies. CBT's products are used by more than 1,250 of the world's leading corporations to train employees to develop and apply mission-critical technologies in the workplace. The company works with leading software companies, including Cisco, Informix, Lotus, Marimba marimba: see xylophone. marimba Xylophone with resonators under each bar. The original African instrument uses tuned calabash resonators. In Mexico and Central America, where it was brought by African slaves, the wooden bars may be affixed to a , Microsoft, Netscape, Novell, Oracle, Powersoft, and the IBM-Sun Microsystems-Netscape Java consortium to develop and market vendor-specific training. For information on CBT products, call (800) 387-0932, fax (415) 614-5901, or send an email to salesinfo@cbtsys.com. CBT is located on the World Wide Web at http://www.cbtsys.com . -0- NOTE TO EDITORS: All company and product names may be trademarks of the respective companies with which they are associated. CONTACT: CBT Systems Ltd. Cindy McCaffrey, 415/614-5962 cindy_mccaffrey@cbtsys.com |
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