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iUniverse.com Buys Corporate University Xchange

Wednesday, January 17, 2001

Press release from the issuing company

CAMPBELL, Calif. - iUniverse.com, provider of the world's leading digital publishing infrastructure technology, today announced the acquisition of Corporate University Xchange (CUX), the premier education research and consulting firm for enterprise learning environments. CUX will become a new business unit within iUniverse.com, focused on delivering content, consulting and community services to the enterprise learning marketplace. The union of CUX and iUniverse.com gives providers of corporate education and training new capabilities for packaging and marketing their intellectual content to customers worldwide. "The Corporate University Xchange acquisition by iUniverse.com is a very positive development for our clients," says Jeanne Meister, CUX president and author of Corporate Universities: Lessons in Building a World-Class Work Force. "The intellectual capital developed within corporate universities often has tremendous value that transcends a particular corporation or industry. The combined resources, technology and thought leadership of our two companies create an environment in which corporations can transition a costly education function into a self-funded business unit." "This is a strategic addition to the iUniverse family that reflects the growing convergence within corporate America of education, publishing, and technology," says Richard Tam, chief executive officer of iUniverse.com. "We envision empowering corporate universities with the capability to publish, manage, and distribute their intellectual content and to reach expanded customer markets with new information products." Corporate universities are umbrella organizations or programs within large companies that provide human resource development, education, and training. They allow corporations to have greater control over educational content and tailor it to specific business needs. With iUniverse's digital technology, CUX will be able to provide corporate universities with many of the benefits of print-on-demand publishing, such as customization, and personalization. iUniverse recognizes the untapped demand for digital publishing technology within the e-learning market space. With the combined resources and expertise of CUX, iUniverse intends to become a dominant force in the e-learning industry by using its technology to shape the direction, value, and return-on-investment of corporate universities all over the world.

 

 

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