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New Partnership accelerates growing WBT presence in Asia

Dublin, Ireland - October 26th, 2004 - WBT Systems, the leading provider of enterprise e-Learning solutions, today announces the appointment of Learnet India as a reseller of the TopClass e-Learning Suite in India. Based in Mumbai, India, Learnet is one of the leading e-learning solution providers in the subcontinent and has a track record of successfully delivering solutions across a number of industries, with specific focus on Banking, Educational Services and Insurance.

A major contributing factor in Learnet’s success has been the growing number of organisations in Europe and North America who have outsourced their e-learning design and development to Indian companies to save 40-70% in development costs. The company has done projects for Prudential Life Insurance, UK publisher Dorling Kindersley, Singapore Institute of Management, CSX Transportation-USA, ICICI Bank-India and ING Vysya Life Insurance –India.

"We are delighted to appoint Learnet as our reseller in India. WBT is aggressively growing its global reseller presence by forming strong relationships with leading service providers in geographies where e-Learning adoption is increasing", said Louella Morton, VP Global Alliances WBT Systems. "Our partnership with Learnet has tremendous potential in regulated markets such as financial services."

"WBT Systems is a global leader in the e-Learning platform marketplace and has a track record which is second to none in terms of market recognition and delivering solutions to blue-chip clients" said Manash Chakraborty, Chief Executive Officer for Learnet. "In addition, as Europe's leading LMS platform provider, they are well positioned to address the needs of our regional customers. WBT have also invested in building a strong partner infrastructure across many regions, making it easy for us to do business with them."

About Learnet India

Learnet India is one of the world's leading e-solution developers, providing customers enhanced business performance through the strategic application of e-learning products and solutions, tailor-made to individualised learning requirements.

With development processes of international standard and an ISO 9001:2000 certification, Learnet is a leader in its field. Learnet India Limited is part of the US$ 1 Billion IL&FS Limited, one of the largest infrastructure companies in India, with equity participation from International Finance Corporation (Washington), Orix Corporation (Japan) and the Govt. of Singapore. Learnet India is based in Mumbai, India and employs over 200 employees. For more information, see www.learnetindia.com

About WBT Systems

WBT Systems is one of the leading providers of intelligent learning solutions across the globe. Its solutions help organizations to address the business issues that are imperative to success in an increasingly competitive world. Best of breed solutions include mitigating risk and reducing costs by implementing advanced, robust compliance tracking solutions and driving top-line performance through enabling sales and customer services channels. WBT's implementation experience spans a variety of industries, including financial services, healthcare, government, and pharmaceuticals in blue-chip companies such as ABB, AHIMA, Alexander Forbes, Basler Insurance, Belgacom, Clinphone, Credit Suisse, Danish Confederation of Trade Unions, Diageo, Dow Chemical, Eurocontrol, Husqvarna, Innovatia, Liberty Group, Ryanair, Smith & Nephew, Valero and Volvo CE. WBT Systems' is recognised as a leader in both the e-Learning Suite and LMS Magic Quadrant Reports by the Gartner Group. Established in 1995, WBT Systems is headquartered in Dublin, Ireland with offices in the US, Canada, UK, Germany and the Netherlands. For more information, see www.wbtsystems.com.

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