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Dublin, Ireland - September 10th, 2003 - WBT Systems, the leading provider of enterprise e-Learning solutions, today announces their inclusion in the recently published SRI Consulting Business Intelligence report on e-Learning in the Financial Services Industry. The Report, entitled "eLEARNING IN FINANCIAL SERVICES: A CASE-BASED ANALYSIS" has been written by Eilif Trondsen, Director of the Learning on Demand (LoD) Program.

The report discusses the impact of the dramatic changes in the Financial Services industry in the last decade, including regulatory changes, competitive dynamics and the accelerating impact of information technology (IT) that is changing the way business is done in the industry. These changes on the supply-side of the industry have been accompanied by significant changes on the demand side, in terms of the products and services needed and demanded by consumers, industry and government. These forces of change and pressures have impacted both the structure and operation of financial service companies all over the world and, not surprisingly, have brought about changes in selected learning and training.

"Banks have extensive compliance training needs and numerous eLearning vendors have targeted this market niche. WBT Systems, with eLearning systems solutions that enable customers to very cost-effectively convert legacy content into eLearning, is one eLearning developer that has had success in this area," said Eilif Trondsen, Director, Learning on Demand program, SRI-BC. "Compliance needs was reported to be one of the key drivers in the recent contract that WBT Systems won with Credit Suisse and this deal, which follows an initial three-year deployment, calls for an enterprise-wide eLearning program that will include compliance training for 50,000 staff as well as sales training for 4,000."

“TopClass is a comprehensive e-Learning Suite and WBT Systems’ services are top-notch,” said Anthony Cerquone, Head of Talent Development and Leadership Technology at Credit Suisse Financial Services. “We chose WBT Systems because of their understanding of our business. The commercial, competitive and regulatory environment that we play in is very complex and WBT Systems understand this. They are helping us to respond to these challenges with innovative solutions to cut costs and improve efficiency.”

“We are very pleased to be included in this report on the Financial Services industry. Our recent vertical focus on this industry has been very successful for us, including the Credit Suisse deal.” said Declan Kelly, CEO, WBT Systems. ”No other e-Learning company has developed services and product capability specifically for the Financial Services industry the way we have, and this has been our most important competitive advantage in the market.”

For further information on this report and SRIC-BI's LoD program please contact staylor@sric-bi.com

About the SRI Consulting Business Intelligence (www.sric-bi.com)

SRI Consulting Business Intelligence (SRIC-BI) is an employee-owned spin-off of the former Stanford Research Institute. SRIC-BI combines content-based research with consulting expertise. Its research identifies the defining forces of change to help clients expand their perspective. SRIC-BI's expertise and unique tools enable clients to focus on strategies for action. Teaming with SRIC-BI increases clients' ability to capture opportunities.

About WBT Systems (www.wbtsystems.com)

WBT Systems is one of the leading providers of Enterprise e-Learning Solutions in the world. WBT Systems' TopClass e-Learning Suite™ enables the rapid creation, deployment, and management of knowledge delivery across the enterprise. It is a robust, easily deployed, web-based Learning platform with over two million users worldwide. Our implementation experience spans a variety of industries, including financial services, healthcare, government, and pharmaceuticals, across blue chip companies such as Alexander Forbes, Allergan, Basler Insurance, Belgacom, Credit Suisse, Danish Confederation of Trade Unions, Diageo, Dow Chemical, Eurocontrol, Liberty Group, University of Chicago Hospitals, U.S. Department of Defense and Volvo CE.

Established in 1995, WBT Systems is the leading European owned e-Learning platform vendor in the world. With headquarters in Dublin, Ireland, WBT Systems has offices in North America based in Waltham, MA and in the UK (London) and Germany (Düsseldorf). For more information see www.wbtsystems.com

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