Asymetrix Learning Systems, Inc. Announces Acquisition of Meliora Systems, Inc.
Company to Integrate 'Best of Breed' Instructor Led Training With
Internet-Based Learning Management Solutions
Asymetrix Learning Systems, Inc. a leading provider of Internet-based enterprise learning solutions, today announced the acquisition of Meliora Systems, Inc. a premier supplier of technology based solutions for skills gap analysis and instructor led training.
Asymetrix outlined a strategy to merge Asymetrix Librarian and Meliora Ingenium to create a Best of Breed comprehensive learning management solution. Additionally, Gordon Rogers, Meliora's CEO and founder, became an executive of Asymetrix Learning Systems as vice president of strategic alliances.
"Many of our customers are looking for a single source technology based solution for all of their enterprise training management needs," said Jim Billmaier, CEO, at Asymetrix Learning Systems. "By integrating Meliora's Ingenium product with Librarian, companies will be able to implement a comprehensive management solution more quickly and cost effectively. This continues our strategy of providing customers with a single source for all of their enterprise learning needs."
Until now, organizations needed to use multiple technology-based solutions to manage skills gap analysis, training logistics and online learning. By bringing Librarian and Ingenium technologies together, Asymetrix customers will be able to manage their training needs efficiently and cost-effectively via a single source.
"We have chose Asymetrix to provide a complete set of products, strategy and services to meet the challenges of enterprise training management," said Sheldon Ellis, administrator of Bulab Learning Center, at Buckman Laboratories, a recipient of Arthur Andersen's Best Practices Award.
Librarian and Ingenium 'Best of Breed'
Librarian is an Internet-based enterprise learning management solution that manages an organization's online training and learning activities. Learning administrators and students access Librarian via the Internet and corporate intranets using a Web browser. Ingenium is a skills-based training management solution designed for automating classroom training logistics and tracking individual and group competencies. An integrated database and student access version will be available in the first half of 1999. The company intends to introduce a fully integrated, enterprise-wide version by the end of 1999. Additionally, Librarian and Ingenium will continue to be sold separately.
"Bringing the capabilities of Librarian and Ingenium together will give customers the technologies that they need to enable them to manage their training solutions," said Gordon Rogers, founder and CEO of Meliora. "By joining with Asymetrix's leading services organization, we will give our current customers the additional benefit of integration services to help them along the path to comprehensive online training management."
Librarian is an Internet-based management system for centrally controlling all online learning activities including course delivery, access, collaboration and performance tracking. The Librarian architecture can allow administrators to manage the learning activities of an organization, or can limit an administrator's learning management activities to their individual departments. Librarian has a scalable and platform-independent architecture that allows customer of any size, departmental to enterprise-wide, to scale from a single server solution to a global training platform.
Ingenium provides a powerful skills management capability that tracks both skills attained and required. Skills gap analysis allows organizations to identify and record training activities for employees to help them meet the changing demands in the workplace. Ingenium automates many aspects of managing traditional classroom training including assigning instructors and rooms, posting classroom availability, tracking prerequisites, and registering learners.
"Our preliminary analysis indicates that the Meliora transaction, treated as a pooling of interests, will be accretive to earnings (loss) per share beginning with Q3, 1998." said John Atherly, VP and CFO at Asymetrix Learning Systems. "The company will report 2nd Quarter results, with revenues of approximately $8.1 million, the week of July 20."
About Asymetrix Learning Systems, Inc.
Asymetrix Learning Systems, Inc. (NASDAQ:ASYM), is a leading provider of online enterprise learning solutions that enable organizations to author, deploy and manage Internet-based training and education. Asymetrix offers a single source training solution incorporating learning management and authoring software products with professional services, including custom development, strategic consulting and integration services. For more information on Asymetrix solutions, call 800/448-6543 or 425/462-0501. Asymetrix Learning Systems Inc. is located on the World Wide Web at http://www.asymetrix.com.
Forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements, including the forward looking statement concerning contribution to Asymetrix from this acquisition, involve significant risks and uncertainties, including and without limitation: the ability of Asymetrix to retain and motivate key acquired company personnel who are not subject to employment contracts or noncompetition agreements; risks to Asymetrix of the increased operating expenses arising out of this and other acquisitions; the ability of Asymetrix to integrate successfully the acquired company's products or personnel with Asymetrix's products and personnel and the risk of unforeseen delays in the integration process; market acceptance of the integrated product and customer uncertainty resulting from the acquisition; and risks related to the business of Asymetrix as detailed in the Company's Prospectus dated June 12, 1988 on file with the SEC.
Asymetrix and ToolBook are registered trademarks and ToolBook II Instructor, ToolBook II Assistant, and Librarian are trademarks of Asymetrix Learning Systems, Inc. Asymetrix and ToolBook are registered in the USA and in certain other countries. All other company and/or product names are the property of their respective owners.
CONTACT: Asymetrix Learning Systems, Inc.
Helene Love, 425/637-1609
Asymetrix Learning Systems, Inc., International Contact
The Weber Group
44 171 240 6189
44 171 240 6195 (fax)
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|Date:||Jul 13, 1998|
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