To: steve harmon - analyst who wrote (1005 ) 4/12/1999 11:16:00 PM From: David Michaud Read Replies (1) | Respond to of 4337
Hi Steve, do you consider FCS FirstClass Systems an Internet play ? Thanks DM ________ FCS has now completed development of its practical solution for distance learning using the Internet called EdStart Online. Using a combination of the Internet, FirstClass's web site, and current EdStart technology, students have access to more than 400 computer based training titles from any personal computer that has an burden for the customer. FirstClass's market is the pre-packaged CBT sector with a focus on the Information Technology Internet connection. This breakthrough is in response to the growing market demand for Internet delivered training that does not carry with it a heavy administration (IT) worker. This is a large and fast growing sector. According to the International Data Corp. (IDC), a leading industry research firm, the 1996 global market for IT training had grown to $16.4-billion (U.S.) with the United States accounting for $7.1-billion (U.S.). IDC also assessed the U.S. technology based training market at $1.1-billion (U.S.) in 1996, with the forecast that it would grow to $4.1-billion (U.S.) by the year 2001. IDC also stated that the sector that includes Internet delivered training and CBT is expected to grow at 30 per cent plus compounded annual growth rate from 1996 to 2001. In addition, in its 1997 Global IT survey, IDC reported that the lack of skilled technology professionals was rated by one in five top U.S. executives as the most serious constraint on growth. Within this exciting market more and more organizations are looking to provide "at the workstation" Internet delivered training while also reducing the cost of administering the training. EdStart Online meets these needs, and rounds out the range of best of breed CBT deployment options available from FirstClass. The company recently completed an agreement to provide computer-based training to Raytheon. FirstClass has been working closely with Raytheon for several months to make cost-effective computer-based training available to its employees. firstclass.ca Tel 1-800-567-7766 or 1-604-592-0552