Alberta Energy Company Chooses SkillSoft for Comprehensive Online e-Learning Program

Alberta Energy Company, one of Canada's largest independent oil and gas companies, has selected SkillSoft Corporation to provide its employees with a comprehensive online e-learning program. The three-year agreement will see SkillSoft's soft skill courses, accessed via the internet, become an integral part of AEC's learning strategy. This move is in line with AEC's vision to provide a flexible and convenient training solution for employees to develop and apply new knowledge and skills.

Key Takeaways:

• Alberta Energy Company, Ltd. (AEC) has chosen SkillSoft Corporation to provide its employees with a comprehensive online e-learning program, citing the breadth and depth of soft skill courses as a major factor in their decision.
• The e-learning program will be implemented immediately, with AEC employees accessing courses via a web browser from AEC offices in Canada and South America.
• SkillSoft's hosted site will provide AEC users with comprehensive e-learning and performance support solutions, encompassing a wide array of professional and business effectiveness skills.
• Soft skills e-learning market revenues account for 22% of the total market, and is expected to have over 50% of the IT training market by 2003.
• AEC ranks first in natural gas production in Canada and fifth among independent producers in North America, with an enterprise value of approximately C$12 billion.
• SkillSoft provides e-learning solutions for Global 2000 companies, covering a broad variety of critical professional and business skills, with a library of over 330 courses and 5000 learning objects.
• Research firm IDC estimates that the corporate market for e-learning in 2000 will exceed $2 billion, and by 2003 $11 billion, an 83% compound interest growth rate over the previous five years.

Statistics:

• Total e-learning market size: $2 billion (2000) increased to $11 billion by 2003, 83% compound growth rate.
• Soft skills e-learning market share: 22% of the total market, expected to exceed 50% by 2003.
• AEC's enterprise value: Approximately C$12 billion.
• Number of SkillSoft courses: 330, with over 5000 learning objects.
• AEC's global presence: Expanding into Ecuador, Argentina, Australia, the United States, and the Caspian Sea.

Sources:

• SkillSoft Corporation press release: "SkillSoft Signs Three-Year Agreement with Alberta Energy Company, Ltd."
• Alberta Energy Company, Ltd. press release: "Alberta Energy Company Signs Agreement with SkillSoft"
• SkillSoft Corporation website: www.skillsoft.com
• AEC website: www.aec.ca
• Research firm IDC: e-learning market size estimates
• SkillSoft Corporation: e-learning solutions for Global 2000 companies