PeopleSoft Selects InterWise to Power Live Courses for Knowledge Center Initiative; Live eLearning Software Acts as Key Component in Latest PeopleSoft Venture

August 8, 2000

SANTA CLARA, Calif. — InterWise®, Inc., the global leader of business-to-business live eLearning, software, services and communications,today announced a strategic relationship with PeopleSoft Inc, the world’s leading provider of eBusiness applications that enable people-customers, employees, and supplier-to power the Internet. InterWise Millennium™ 3.0 will play a critical role in supporting PeopleSoft’s Knowledge Center, a learning environment scheduled for launch this summer that delivers live courses to PeopleSoft customers seeking to improve job performance and attain professional goals.

The PeopleSoft Knowledge Center delivers computing and technical skills-building courses and information via the Internet. PeopleSoft will launch live Webcasts, powered solely by the InterWise Millennium 3.0 platform, to offer customers real-time, scheduled access and interaction with PeopleSoft instructors. Live courses will allow PeopleSoft’s customers to see, hear and speak with their instructors, watch a presentation, and view or navigate a PeopleSoft application from anywhere in the world.

“Today’s global economy requires that PeopleSoft utilize the most effective and efficient and easily-deployed training solutions available,” said Shelley Olson, vice president of PeopleSoft’s Education division. “After an intense search, it was apparent that InterWise had all the right features for our live eLearning requirements. They also have a personal connection with our customers, through the use of the most technically advanced eLearning software, and are supported by a first-rate service team.”

PeopleSoft previously depended on satellite connections for its distance training needs, requiring engineers to design specific installation methods for satellite dishes at each facility. InterWise Millennium software has provided Peoplesoft with the seamless ability to deliver live training to customers, in every time zone around the world without requiring customers to leave their desks.

“With InterWise’s unique and easy-to-master live eLearning capabilities, PeopleSoft will provide its customers and partners with the most convenient, intuitive training, without the trouble and hassle of satellite connections,” said Zvi Frank, president and co-founder of InterWise. “This relationship marks the eLearning industry’s ability to shape a truly global marketplace”

About PeopleSoft

PeopleSoft Inc. (Nasdaq: PSFT) is the world’s leading provider of eBusiness applications that enable people—customers, employees, and suppliers—to power the Internet. PeopleSoft’s pure Internet Customer Relationship Management, Supply Chain Management, and Enterprise Management solutions provide the industry’s most open and flexible e-commerce platform. PeopleSoft employs more than 7,000 people worldwide, including 2,400 eBusiness consultants. More than 4,500 organizations in 107 countries run on PeopleSoft eBusiness applications.

About InterWise

Founded in 1994 in Tel Aviv, InterWise, the market leader in business-to-business live eLearning, provides businesses with a superior platform for fee-based training and collaboration over the Internet. The home of the B2B4Fee business model enables the rapid development and delivery of tailor-made eLearning to customers, partners, suppliers and employees in either live classroom or “instant” self-paced formats. Having the capacity to scale worldwide over any connection equal to or greater than 28.8Kbps, the award-winning InterWise Millennium is a proven, cost-effective means of training any audience quickly and effectively. With international headquarters in Santa Clara, California, InterWise maintains 13 offices in nine countries around the world including Israel, Japan and Switzerland. For more information, visit InterWise on the Web at (URL)