Futuremedia Subsidiary Open Training to Provide Online Learning for Skandinaviska Enskilda Banken AB
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BRIGHTON, England, Jan. 9 -- Futuremedia plc (NASDAQ:FMDAY)(NASDAQ:FMDAD), a leading learning and communications company, today announced that its subsidiary, Open Training AB, has signed an agreement to provide their web-based learning platform Learngate(TM) to prominent Swedish bank Skandinaviska Enskilda Banken AB (SEB). The project aims to reduce the total cost of learning by reducing the number of system solutions to one corporate system for competence development and also includes the provision of consultancy in pedagogy, process advice, system development and learning content.
Stefan Eklund of SEB's HR Learning Center, said, "Open Training's solutions meet our requirements in full, and the Company understands our needs and business process as well as having a long-term view of the business relationship, which we value."
Claes Ytander, Chief Executive Officer of Open Training, commented, "We are proud to have been chosen by SEB to work on its corporate learning platform. This agreement is proof that our long-term investment in the development of Learngate(TM) is well-founded. It also demonstrates Learngate's value compared to other Swedish and internationally-developed solutions. We believe that leading products, competent staff and customer focus together with the goal of long-term business relationships result in premium comprehensive solutions such as this."
Learngate(TM) is a modular Wed-based competency platform designed for the deployment and administration of e-learning and teacher-led training. The Learngate(TM) Community enables employees to communicate in groups and to share files and documents. By using Learngate(TM), SEB is able to provide employees and stakeholders access to necessary training, and is also a highly efficient tool for evaluating competency development and training costs.
About Futuremedia
Futuremedia plc is a global media company providing online education, e- marketing and communications services to public and private sector organizations. Established in 1982 and listed on the Nasdaq in 1993, we help our clients to communicate their values, product and brand information to employees, customers and industry, and we believe that education, or learning, is a key component in the communication mix. Futuremedia divisions include Futuremedia Learning, Open Training, ebc, and Button Communications. For more information, visit futuremedia.co.uk/.
About SEB
The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and Russia and has a global presence through its international network in another 10 countries. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group has about 20,000 employees. Read more about SEB at http://www.seb.se/.
CONTACT: Mike Smargiassi/Corey Kinger, US, +1-212-986-6667, ir@futuremedia.co.uk, both of Brainerd Communicators, Inc., or Gerry Buckland, UK, +44-7919-564126, info_db@mac.com
Web site: futuremedia.co.uk/ http://www.seb.se/
