CERTPOINT - Depository Trust & Clearing Corp., World’s Largest Financial Services Post-Trade Infrastructure Company, Selects Vuepoint for eLearning

... DTCC employs Vuepoint’s combined LMS & LCMS platform to train its customers in services and products...

LONG ISLAND, N.Y., Sept. 3, 2001 – Vuepoint, an eLearning software and services company that matches speed to knowledge with speed to market, announces today that The Depository Trust & Clearing Corporation (DTCC), the largest financial services post-trade infrastructure organization in the world, has selected Vuepoint to provide online training in DTCC’s services and products to its customers in the financial services industry.

Vuepoint’s system, which offers in a single platform both a learning content management system (LCMS) and a learning management system (LMS), allows DTCC University to offer interactive, self-paced, online training courses in addition to its existing live instructor-led and computer-based training. Vuepoint will allow DTCC to train more customers more quickly.

“We chose Vuepoint because it offers one package for all of our requirements: a user-friendly system for personalized, mobile learning that also provides rapid course creation, a virtual community for learners, and tracking and administrative capabilities,” said Kaliym Islam, eLearning Manager of DTCC University.  “By partnering with Vuepoint, we were able to quickly develop electronic courses for some of our services that help our customers understand and use our services better, while tracking and administering those courses effectively.”

Vuepoint’s system can pre-assess a user's training needs and direct that person to a customized “roadmap” of pertinent training material. It also offers features like online threaded discussions and bulletin board posting so users can interact not only with a DTCC instructor but with other learners as well. And the user has the flexibility of completing a course when it’s convenient, whether he’s at work, home or traveling.

DTCC launched its eLearning initiative in August, training 35 customers with five newly created courses based on content pertaining to its products and services. Mr. Islam said the company will extend training to an increasing number of learners. The customer base of DTCC's two subsidiaries extends to more than 11,000 companies within the global financial services industry. These include a large number of broker/dealers as well as banks, trust companies, insurance companies, investment managers, securities firms and mutual fund companies.

“The financial services industry is one of the leaders in employing technology to create efficiency, improved customer service and competitive advantage,” said Ara Ohanian, President and CEO of Vuepoint. “DTCC will continue to be a leader because it understands that gaining competitive advantage today is not just about getting a product to market faster than competitors, it’s also about the speed at which you get the knowledge of that product to customers, employees and channel partners.”

About Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC) is the largest financial services post-trade infrastructure organization in the world. Through its subsidiaries, DTCC offers clearance, settlement, custody and information services for equities, corporate and municipal debt, money market instruments, American depositary receipts, exchange-traded funds, unit investment trusts, mutual funds, insurance products and other securities. The National Securities Clearing Corporation (NSCC) subsidiary, which acts as a central counterparty (CCP), provides trade guarantee, netting and risk management services for equity and debt transactions from U.S. stock exchanges and markets, valued at $105 trillion in 2000. The Depository Trust Company (DTC) subsidiary has custody of and provides asset servicing for 2 million securities issues of issuers from the U.S. and 65 other countries, valued at $23 trillion. DTC serves as a major clearinghouse for institutional post-trade settlement, and in 2000, processed book-entry deliveries valued at more than $116 trillion. DTCC's two subsidiary businesses have S&P's highest rating: AAA. A DTCC/Thomson Financial joint venture company, Omgeo, provides seamless, real-time, automated institutional post-trade processing services in 37 countries. For more information on DTCC, see www.dtcc.com.

About Vuepoint

Vuepoint (www.vuepoint.com), an eLearning company focused on providing a single platform combining a learning content management system (LCMS) and a learning management system (LMS), creates competitive organizations through a business-savvy approach. Vuepoint Learning System (VLS) incorporates dynamic knowledge management into an eLearning environment and has helped leading organizations such as Deloitte Consulting, 3Com, Carlson Marketing Group, A.T. Kearney and Toyota achieve speed-to-market advantages, improve productivity and employee retention and streamline costs.  Incorporated in 1996, Vuepoint’s management team is comprised of experienced professionals who come from the ranks of global leaders such as Procter & Gamble, KPMG LLP and Dow Jones Telerate as well as experts and scholars from the eLearning industry.