CARY, N.C. -- Global Knowledge, the largest privately-held provider of training and enterprise learning services for information technology (IT) and management professionals, has been named to TrainingOutsourcing.com's 2005 list of the Top 20 Companies in the Training Outsourcing Industry. Over 50 companies were considered and evaluated on fourteen process and business categories.
Global Knowledge's selection to the list was based on eight process capabilities and six business capabilities, including: diagnostics, strategic integration, content development, portfolio management, sourcing, technology integration, administration, training delivery, strategic reporting, financial stability, geographic reach, leadership talent, breadth of resources, and commitment to the industry.
This announcement follows Global Knowledge's recently announced partnership focused on the growing outsourced customer education market with Oracle, the world's largest enterprise software company. As a partner in the Oracle(R) PartnerNetwork, Global Knowledge's expertise in customer training and education services technology, combined with Oracle Learning Management, allows organizations to effectively outsource customer education programs with a virtually seamless combination of training services, technology, and infrastructure.
"Global Knowledge is pleased to be recognized for the second consecutive year by TrainingOutsourcing.com for our excellence in providing strategic outsourced training programs," said Michael Fox, senior vice president Worldwide Products and Services for Global Knowledge. "This recognition underscores our commitment to helping customers achieve their business objectives by providing strategic direction, superior technology and training delivery methodologies."
"Global Knowledge is one of a few traditional pure play training companies that has emerged as a leader in providing comprehensive learning outsourcing services," said Dr. Jim Hanlin, COO of TrainingOutsourcing.com. "Anyone who has followed Global Knowledge over the past couple of years knows that they have expanded their capabilities far beyond content development and training delivery for IT professionals. They now have the leadership, talent, and resources to provide comprehensive services including formulation of learning strategy, technology integration, portfolio management, and administrative services regardless of the content area. They were one of the pioneers of blended learning solutions and recently their outsourcing strategy has led to some significant enterprise-wide partnerships with major clients for both employee and customer training initiatives."
According to a recent study by TrainingOutsourcing.com, total corporate training expenditures in the U.S. for 2005 is predicted to exceed $119B, of which approximately $45B will go to external training products and service providers. Market penetration for training BPO services is predicted to total as much as 2% of vendor spend, or $1.1B.
In discussing the Top 20, Hanlin said, "Although the industry remains very fragmented, this year's list of providers accounts for more than 80% of training BPO market revenues. More than $907 million of the $1.1 billion market is represented in this prestigious and competent class of companies."
TrainingOutsourcing.com is a Web-based knowledge community dedicated to the training outsourcing industry. The site is a forum where executives and outsourcing suppliers can collaborate to improve quality of service, enhance economic viability in the industry, facilitate business partnerships, and provide job opportunities for training professionals.
For more information, please call 1-800-316-7423 or visit www.globalknowledge.com. For access to the TrainingOutsourcing.com press release, please visit www.TrainingOutsourcing.com.
About Global Knowledge
Global Knowledge is the largest privately held provider of training, enterprise learning services, and software solutions for information technology (IT) and management professionals. The company offers a broad array of hands-on IT, project management, and professional skills training featuring proprietary core and custom curriculum as well as content from leading companies, including Cisco, Microsoft, Nortel, Oracle, and Red Hat. Delivered in classrooms, at private facilities, or over the Internet, Global Knowledge has helped Fortune 500 companies, organizations and government agencies leverage learning to turn knowledge into productivity for employees, customers, and channel partners. Through the organization's OnDemand Software Division, Global Knowledge also offers comprehensive software solutions that enable rapid user adoption and accelerate return on investment of enterprise application implementations. Founded in 1995, Global Knowledge employs more than 800 people worldwide and is headquartered in Cary, N.C. The company is owned by New York-based investment firm Welsh, Carson, Anderson, and Stowe. For more information, visit www.globalknowledge.com.