CBT Systems Signs New Contract with Tandem; Leading-Edge Intranet Delivery System Key to New Agreement.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)--Jan. 21, 1997--CBT Systems Ltd. (Nasdaq: CBTSY) today announced that it has signed a $1 million three-year contract with Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). Incorporated (NYSE NYSE See: New York Stock Exchange :TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. ) to provide interactive education software to Tandem's worldwide network of employees. Tandem, which has used CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. Systems' library of technical training courseware over the past several years, is the first company to use CBT's new tracking and deployment suite of products. The new products enable customers such as Tandem to deliver, track, and manage CBT Systems' interactive software over corporate intranets, as well as over local and wide area networks. Tandem is a global information technology company, providing software, hardware, solutions, and services to support business- critical electronic commerce, decision support, and high-volume transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for businesses in the telecommunications, banking, finance, and retail industries, among others. The company handles more than 90 percent of the world's securities transactions, 66 percent of the credit card transactions, and 80 percent of all automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. transactions, and are used by all 35 of the world's largest telecommunications companies See telecom company. . "Tandem is a major contributor to information technology and it is imperative that our technical professionals acquire in-depth knowledge on the latest information about computing and communications developments," said John Glare, Education Manager at Tandem. "CBT Systems' products offer Tandem's IT professionals a rich interactive training environment and an unmatched level of accessibility to courseware. With CBT's deployment tools, Tandem can easily provide IT professionals worldwide with quality learning materials over our corporate intranet. And, IT administrators can just as easily manage and track the training process from a central location. CBT Systems (CBT Systems, Menlo Park, CA) An acknowledged leader in the design and development of interactive education software for information technology training. Specializing in self-study courses that users can take at their own PCs, CBT developed a library of more than 600 titles for has made the complexities of training delivery and management simple, straightforward, and powerful." "The rapid proliferation proliferation /pro·lif·er·a·tion/ (pro-lif?er-a´shun) the reproduction or multiplication of similar forms, especially of cells.prolif´erativeprolif´erous pro·lif·er·a·tion n. of corporate intranets has brought a new dimension to enterprise-wide training," said James J. Buckley, CBT's President and Chief Executive Officer. "CBT Systems immediately saw the enormous benefit that private intranets bring to the training needs of corporations and organizations worldwide and we've moved aggressively to lead the migration of technical training from local deployment methods to the new world of corporate intranet delivery." CBT Systems, a subsidiary of CBT Group PLC, is a leading provider of interactive education software designed to meet information technology education and training needs of businesses and other organizations worldwide. CBT's software library numbers over 328 titles, covering a comprehensive range of client-server, Internet and corporate intranet technologies. CBT has entered into alliances with Microsoft, Oracle, Netscape, the IBM/Javasoft/Netscape consortium, Cisco, IBM/Lotus, Informix, Novell and Sybase/Powersoft to develop and market vendor specific training. For more information on CBT products, contact us at (800) 387-0932 (tel), (415) 614-5901 (fax) or visit us on the World Wide Web at http://www.cbtsys.com. CONTACT: CBT Systems Ltd. Greg Priest, 415/614-5900 ext. 123 Cindy McCaffrey, 415/614-5900 ext. 305 or Morgen-Walke Associates David Gennarelli, Doug Sherk, 415/296-7383 Emily Dupree, Joshua Passman, 212/850-5600 |
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