IDG ‘s ITworld.com Partners With TrainingNet to Offer Full Spectrum of Business, Technology Training
BOSTON, MA — Feb. 3, 2000 — International Data Group’s ITworld.com has formed a strategic alliance with TrainingNet, the leading online marketplace for professional training and education, to develop the Training Center component of ITworld.com. To be launched on February 15th, ITworld.com is a newly formed IDG division that will be the IT problem-solving networkTM.
Training is one of the most critical and difficult challenges facing corporations today. According to Merrill Lynch, Corporate America is facing a shortage of skilled labor exemplified by an undereducated workforce and the fact that two-thirds of all new jobs require higher skills. The market for corporate training is large, growing, fragmented, and characterized by an inefficient buying and selling process. As such, ITworld.com’s Training Center – in conjunction with TrainingNet – will serve as an efficient, cost-effective marketplace for individuals and corporations to find and secure the training they need.
Under the terms of the agreement, ITworld.com will incorporate the content and commerce engine of TrainingNet, which represents hundreds of thousands of course-events annually in over 25 information technology and soft skills categories. Collectively, ITworld.com and TrainingNet will aggregate all types of training: classroom, on-site, on-line, books, videos, and CD-ROMs. This strategic relationship will further establish ITworld.com as the most thorough and complete on-line training resource for today’s IT professional.
Said Bill Reinstein, ITworld.com’s president and CEO, "Given the fact that two-thirds of all new jobs require higher level technical skills, our agreement with TrainingNet and the creation of the ITworld.com Training Center will provide an invaluable service to the IT community and corporate America overall. Additionally, the co-branded arrangement with TrainingNet will enhance our service offerings, increase ‘stickiness,’ and provide an efficient way to distribute training content to the IT professional as well as provide incremental revenues."
Added Dave Egan, Chief Evangelist Officer at TrainingNet, "Together with ITworld.com, we are offering IT professionals unparalleled choices in professional training, like no other found on the Internet today. Our company aggregates courses from over 1,200 training providers and offers more than 400,000 courses today. Our marketplace is the answer for individuals and corporations that want to search, evaluate, and buy relevant IT training, maximizing their potential while doing away with the administrative burden normally associated with this process. TrainingNet is proud to have been selected to provide the training technology and content for ITworld.com. We think this will be part of a powerful offering, and look forward to working with ITworld.com to make it happen through this strategic agreement."
Including eight leading IDG Websites and drawing upon IDG’s global editorial team of 2,000 journalists and 400 research analysts, ITworld.com will provide the most complete dimensions of IT content, making it the most trusted problem-solving network for Enterprise IT Professionals. For more information, please see www.itworld.com.
ITworld.com is a business unit of IDG, the world's leading IT media, research and exposition company. IDG publishes more than 290 computer magazines and newspapers and 4,000 book titles and offers online users the largest network of technology-specific sites around the world through IDG.net (http://www.idg.net), which comprises more than 250 targeted Web sites in 55 countries. IDG is also a leading producer of 168 computer-related expositions worldwide, and provides IT market analysis through 49 offices in 42 countries worldwide. Company information is available at http://www.idg.com.
About TrainingNet, Inc.
TrainingNet, Inc. is the number one e-commerce marketplace for skills training and professional education – with the most comprehensive selection of all brands and forms of training, including classroom, on-site, and on-line training, books, videos, and CD-ROMs. TrainingNet currently offers hundreds of thousands of course events annually in over 25 categories, and 1,200-plus of the market's leading training providers. Through a partnership oriented strategy, TrainingNet is making its marketplace accessible where professionals already go for career development: corporate intranets; the career sections of high traffic Web sites; business and professional oriented Web sites, products, and services; and TrainingNet's own public Web site. Founded in 1999, TrainingNet is financed by leading venture capital firms Charles River Ventures, Bessemer Venture Partners, Blue Rock Capital and private investors. The company is headquartered in Billerica, MA, with technical operations in Vancouver, BC, Canada. For more information, visit the Web site at www.trainingnet.com.