DTHK,
Just bought some at 2.9 on news deal with Circuit City yesterday:
DigitalThink and Circuit City Ink Three-Year E-Learning Deal
Agreement Expands Retailer's Commitment to the Full DigitalThink Solution for All Corporate Training
SAN FRANCISCO, Mar 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- DigitalThink, Inc. (Nasdaq: DTHK chart, msgs), the leading provider of e-learning business solutions to Global 2000 companies, announced a three-year agreement with Circuit City Stores, Inc. (NYSE: CC chart, msgs, KMX chart, msgs), a leading national retailer of brand-name consumer electronics, personal computers and entertainment software. This second expansion of the original, February 2000 contract between the two companies highlights a trend towards enterprise-wide use of DigitalThink e-learning solutions and towards add-on business with existing customers.
"DigitalThink e-learning is a key part of our strategy to increase sales per sales counselor, decrease turnover and increase customer satisfaction," said Jeffrey S. Wells, senior vice president for human resources for Circuit City Stores. "As we move rapidly to a learning culture, where learning equals earning, our employee satisfaction is also increasing. DigitalThink has allowed us to better arm our employees with knowledge and skills while cutting the time they spend in training by more than 50 percent."
With this expansion, Circuit City is making an investment in the complete DigitalThink e-learning solution, including catalog and custom courseware, e-briefings and the DigitalThink E-Learning Platform.
"Circuit City is a model of well conceived, highly strategic, perfectly executed e-learning," said Jon Madonna, president and CEO of DigitalThink. "By leveraging the complete DigitalThink solution, Circuit City is able to reach its employees with exactly the information they need, when they need it, driving sales and improving customer satisfaction. DigitalThink is empowering Circuit City to quantify and measure the business impact of e-learning."
DigitalThink allows Circuit City to deliver far more training at a much lower cost, when compared to traditional classroom-based training. To date, 90,000 Circuit City employees have enrolled in more than 1.8 million DigitalThink courses, far exceeding Circuit City's expectations.
"In the two years since our strategic partnership with DigitalThink began, we've collaboratively developed more than 110 online courses," said Wells. "Our sales counselors find the e-learning extremely engaging. Completion rates are very high, and in the month of December alone, our sales counselors hit DigitalThink's site more than six million times."
About DigitalThink
DigitalThink, Inc. is the leading provider of e-learning business solutions to Global 2000 companies, delivering measurable business results through its award-winning content and powerful E-Learning Platform. The company's complete array of e-learning solutions are tightly aligned with strategic business objectives, provide a highly engaging learning environment and include powerful management tools to measure learning effectiveness and return on investment (ROI). From workforce development to sales force effectiveness to customer acquisition and retention, DigitalThink e-learning has delivered business benefits to companies such as Charles Schwab & Co., Circuit City, DaimlerChrysler, Deutsche Bank, EDS, The Gallup Organization, GE Capital, KPMG Consulting, Mazda, McDonald's, and Northwest Airlines. More information can be found on the Web at www.digitalthink.com. |
