Morgan Stanley Chooses Plateau LMS

ARLINGTON, Va., November 17, 2004 – Plateau Systems, a leading provider of enterprise software that manages learning and knowledge readiness, announced today that Morgan Stanley (NYSE: MWD) has selected Plateau 4 Learning Management System (LMS) to help manage e-learning and enhance operational readiness for its employees around the world. Morgan Stanley will use Plateau 4 LMS as an enterprise platform to schedule, deliver and manage Web-based and classroom learning. Plateau 4 LMS will also allow Morgan Stanley to extend the delivery of a significant portion of its corporate training in an e-learning format.
Plateau 4 LMS is designed to deliver the following benefits:

• Accelerate time-to-market: New product offerings and business strategies may be more rapidly deployed through the fast, efficient dissemination of mission-critical knowledge
  
• Manage regulatory requirements: Plateau 4 LMS can help financial services firms comply with Securities and Exchange Commission (SEC) regulations and the Sarbanes-Oxley Act by providing time-stamped audit trails of learning events and knowledge transfers
  
• Enhance organizational readiness: Web-based delivery of corporate knowledge and new operating procedures can help organizations respond more rapidly to expected or unexpected change
  
• Improve training consistency: By consolidating learning efforts onto a single system, organizations can work toward having employees around the world trained in a consistent manner.

Plateau 4 LMS will be integrated with several of Morgan Stanley’s enterprise software applications, including its human resource management system, employee directory and content and collaboration infrastructure. These integrations will allow Morgan Stanley to assign learning plans to targeted employee populations, giving them immediate access to Morgan Stanley’s library of online learning material.

“We are very proud that Morgan Stanley selected Plateau 4 LMS as its enterprise application to manage learning and organizational readiness,” said Paul Sparta, Plateau’s Chairman and CEO.
Morgan Stanley Venture Partners, the venture capital affiliate of Morgan Stanley, has an equity position in Plateau Systems. Ghassan Bejjani, Executive Director of Morgan Stanley Venture Partners, is a member of Plateau’s Board of Directors.

About Plateau: Plateau is a leading provider of enterprise software that manages learning and organizational readiness. Plateau 4 Learning Management System (LMS) is built on Web-based J2EE architecture, and is the engine behind the largest LMS initiatives in the corporate, non-profit and government markets. Plateau’s software is being used to manage learning and improve human performance at organizations including the American Red Cross, General Electric, the Internal Revenue Service and the U.S. Air Force. Plateau is listed as a leader in LMS evaluations from Gartner Inc. and META Group. The company is headquartered in Arlington, VA. For more information, please visit www.plateau.com.

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