Chicago Mercantile Exchange Inc. Taps Click2learn's Aspen Platform for Workforce Performance Initiatives; Aspen LMS Will Manage All Instructor-led and e-Learning Programs.

Business Editors & High-Tech Writers

BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 24, 2002

Click2learn (Nasdaq:CLKS) announced today that Chicago Mercantile Exchange Inc. (CME) has selected the Aspen(TM) Enterprise Learning Platform as the backbone for its workforce performance programs.

The Aspen Learning Management Server (LMS) will serve as a single point of management for all the company's workforce training programs, including traditional classroom instruction and custom-developed e-Learning content.

Aspen LMS will be fully integrated with the CME's PeopleSoft enterprise resource planning (ERP) system in order to exchange key employee data. That integration, combined with Aspen's broad capacity to catalog corporate skills and competencies, enables the company to precisely target professional development programs to meet its changing business needs.

"We selected Click2learn after a thorough review of the leading learning technology providers. Click2learn's depth of expertise was evident in its Aspen platform, which provides a complete, robust and scalable technology to meet current and future learning needs," said DeBorah Lenchard, CME's associate director, professional development and education.

"We look forward to working with Click2learn and Aspen as we advance continuous learning programs that we believe are critical to improving employee skills and focusing on shareholder value."

CME has opted to host its learning platform with Click2learn, reducing IT requirements for system maintenance and updates and taking full advantage of Click2learn's learning technology integration expertise.

"We're pleased to be working with Chicago Mercantile Exchange to improve the delivery of learning initiatives that foster the growth of its highly skilled and innovative workforce," said Kevin Oakes, chairman and CEO of Click2learn. "The organization's selection of Aspen demonstrates our platform's strength in improving intellectual capital development programs within rigorously regulated environments."

Described by industry analysts as the new model for enterprise learning technology, Click2learn's Aspen platform is designed to facilitate the capture, management and dissemination of corporate knowledge to improve productivity and business performance.

The platform has an open architecture and is made up of three modular but independent components that are designed to work as an integrated system. The Aspen Learning Management Server (LMS) is used for competency management, skills-gap analysis, tracking of assessments and resource management for either e-Learning or instructor-led training. The Aspen Content Development Server (CDS) is used to rapidly author highly effective e-Learning content and manage large, team-based content development projects. And the Aspen Learning Experience Server (LXS) delivers a personalized learning experience to improve knowledge transfer and facilitate knowledge exchange with a community of peers and experts.

About Chicago Mercantile Exchange Inc.

Chicago Mercantile Exchange Inc. (www.cme.com) is an international marketplace that brings together buyers and sellers on its trading floors and GLOBEX(R) around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $28.2 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.

About Click2learn

Click2learn (Nasdaq:CLKS) is a provider of enterprise software for Global 2000 organizations seeking to capture, manage and disseminate knowledge throughout their extended enterprise. Using Click2learn's Aspen Enterprise Learning Platform, organizations can deploy highly interactive, personalized learning initiatives to achieve strategic business objectives. Many of the world's best-known corporations use Click2learn's technology and award-winning content development services to improve workforce performance, educate customers, and publish large volumes of learning content. Click2learn's clients include Microsoft, Fidelity Investments, Wells Fargo, Symantec, Prudential, American Airlines, ADC Telecommunications, Ernst & Young and the New York Stock Exchange.

Based in Bellevue, Wash., Click2learn (www.click2learn.com, 800/448-6543) operates offices in the United States, Canada, Europe, and Japan.

This announcement contains forward-looking statements that involve risks and uncertainties, including information contained in this document where statements are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipates" or similar expressions. For such statements, The Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, market acceptance of Click2learn's e-Learning solutions and competing e-Learning offerings, the ability to successfully implement Click2learn's solutions and increase revenues, the ability to successfully address technological developments and standards and the risk factors set forth in filings the Company has made with the SEC. Click2learn and Aspen are trademarks of Click2learn. All other company and product names are the trademarks of their respective owners.