25th Sep 2008 07:00
25 September 2008
NetDimensions (Holdings) Limited (AIM: NETD)
("NetDimensions")
Acquisition of 25% stake in Peak Pacific eLearning business
NetDimensions, a global provider of performance, knowledge and learning management systems, announces it has acquired a 25% interest in Peak Pacific Limited, Asia's first strategic eLearning Product, Solution and Services Company, for a cash consideration of US$250,000.
Peak Pacific Limited, based in Hong Kong, is a newly incorporated business which has been formed through the spin-out of Cathay Pacific Airways' corporate eLearning business unit.
Peak Pacific will be led by CEO Kishor Mistry, former Corporate eLearning Manager at Cathay Pacific, who has over 25 years of experience in the aviation industry, 11 years of which were with Cathay Pacific.
Peak Pacific will primarily focus on aerospace, maritime, transportation and logistics business and will provide a one-stop eLearning company for customers to outsource their entire eLearning requirements, giving better economy of scale in terms of cost, quality, resources and flexibility depending on demand and business conditions.
NetDimensions has provided the eLearning technology platform to Cathay Pacific since 2001 and will work in partnership with Peak Pacific through a joint sales and marketing strategy to develop potential new clients.
Commenting, Jay Shaw, Chief Executive Officer of NetDimensions, said:
"The partnership with Peak Pacific strengthens our position within the aviation industry where companies are increasingly looking to reduce costs and meet compliance requirements by utilising the kind of consultancy and outsourcing services that we will be offering in partnership with Peak Pacific."
"The deal will also help Peak Pacific achieve its goal of providing world-class eLearning solutions to the transportation and logistics sectors, bringing further long term benefits to NetDimensions as our eLearning technology platforms are used more and more across a wider range of industries."
Enquiries:
|
NetDimensions |
Jay Shaw Jeffrey Cheung Robert Torio |
+852 2122 4500 info@netdimensions.com |
|
Landsbanki Securities (UK) Limited (Nomad & Broker) |
Fred Walsh Simon Brown |
+44 20 7426 9000 |
|
Parkgreen Communications Limited (Financial PR) |
Paul McManus |
+44 20 7933 8787 +44 7980 541 893 paul.mcmanus@parkgreenmedia.com |
About NetDimensions
Established in 1999 and listed on the London Stock Exchange AIM (NETD), NetDimensions is a global provider of performance, knowledge and learning management systems. The company's key products include the Enterprise Knowledge Platform (EKP), the Enterprise Assessment Platform (EAP) and the Enterprise Content Platform (ECP).
NetDimensions products and services help companies deliver and manage corporate training, career development, assessment and certification programs, and help clients around the world address growing regulatory compliance needs.
Recognized as one of the top-rated learning technology suppliers in overall customer satisfaction, NetDimensions has been chosen by multinational organizations worldwide including HSBC, ING and Cathay Pacific.
Enterprise Knowledge Platform and EKP are trademarks of NetDimensions Ltd.
About Peak Pacific Limited
Peak Pacific Limited is a professional eLearning Products, Solutions and Services Company, dedicated to becoming a globally recognized and market leading provider to the aerospace, maritime, transportation and logistics industry.
Peak Pacific designs and implements eLearning strategies that enable clients to unlock the power of its human resources by streamlining training processes and aligning them to business needs. Peak Pacific's mission is to develop long-term value for our customers, through people, industry knowledge, experience, research and understanding of their business values, needs and economic situation.
This will be achieved through a combination of in-house and outsourcing business models to ensure customers get value and quality that is cost effective, provides access to reliable professional services as long-term partners and manages customer needs based on environment and market conditions.
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