Smartlearning Signs $1M Agreement to Distribute SmartForce e-Learning in Norway

Under the agreement, Smartlearning will market and sell SmartForce’s comprehensive, results-focused learning solutions featuring award-winning content, technology and services. SmartForce’s engaging learning solutions will also provide users with advanced simulations, online workshops, assessment and collaboration tools including real-time mentoring and virtual classrooms — all of which are targeted to help companies generate significant results and drive the business processes that comprise their value chains.

The Scandinavian market traditionally boasts high rates of Internet usage and is keenly focused on the continuing education of its workforces. These factors have fueled significant growth and maturity of the e-Learning market in this region. SmartForce chose Smartlearning as a distribution partner because of its strong position in this market, its high competence in delivering blended learning solutions and its local value added services. This agreement will expand SmartForce’s reach internationally thereby strengthening its worldwide leadership.

“The Scandinavian region is a mature e-Learning market and, as such, is prepared for the advanced, results-focused solutions that only SmartForce can bring,” said Morten Horness, chairman of Smartlearning. “This agreement will enable us to accelerate our pace in the Scandinavian market and will give customers the tools to drive their core business processes.”

“Our agreement with Smartlearning is aimed at delivering the results that companies require to stay competitive,” said Greg Priest, chairman and CEO of SmartForce. “We believe our comprehensive learning solutions coupled with Smartlearning’s experience in Norway and Denmark will expand SmartForce’s international reach and make a big impact in helping companies in the region achieve significant results.”

About Smartlearning AS

Smartlearning provides learning products, systems and services as turnkey solutions to a network of training providers and large companies. The company has moved from being a pure content provider to a complete learning service provider, offering learning and content management services, training delivery software, hosting services, online mentoring and custom content development. Smartlearning has headquarters at Tevlingveien 15, N-1081 OSLO. Phone: +47 23 17 14 90, Fax: +47 23 17 14 90. Web site: http://www.smartlearning.no/.

About SmartForce

SmartForce, the world’s largest and most experienced e-Learning company, provides integrated e-Learning solutions that enable enterprises to generate concrete, significant business outcomes by more effectively distributing knowledge around the extended enterprise. With more than 2,500 corporate customers, including many of the world’s largest organizations, SmartForce e-Learning solutions bring the power of the Internet to business processes involving learning, skills development and knowledge transfer. SmartForce is quoted on the NASDAQ National Market under the symbol “SMTF.” The company, which has more than 1,700 employees worldwide, has corporate headquarters at 900 Chesapeake Drive, Redwood City, Calif., 94063. Phone: 650-817-5900. Fax: 650-817-5061. Web site: http://www.smartforce.com/.

NOTE: SmartForce, SmartForce e-Learning and the SmartForce logo are trademarks of SmartForce. All other company and product names may be trademarks of the respective companies with which they are associated.