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Thomson NETg Acquires FinancialCampus
Contacts
John Kechejian
The Thomson Corporation
VP, Investor Relations
203.969.8700
john.kechejian@thomson.com |
Adam Gaber
Thomson Learning
Director, Public Relations
(203) 425-1363
adam.gaber@thomsonlearning.com |
Clients of both companies to benefit from synergies, access to
a broad array of Open Learning content and financial services-sector
compliance training
Naperville, IL – March 1, 2004 –
NETg, a part of The Thomson Corporation (NYSE: TOC; TSX: TOC),
today announced that it has acquired FinancialCampus, a leading provider of
online training and educational services to the financial services
industry. This move strengthens Thomson NETg’s focus on
the growing financial services marketplace and provides its clients
in the sector with a focused learning solution centered on compliance
and regulatory management needs. Terms of the transaction were
not disclosed.
“The synergies between FinancialCampus and Thomson NETg
are substantial,” said Joe Dougherty, president of Thomson
NETg. “Both companies have outstanding reputations for delivering
strong curricula to the financial services marketplace –
and have an excellent roster of customers and great customer relationships.
The deep expertise that FinancialCampus has is reflected in the
quality of their in-depth financial services content and the technology
and services they have developed to drive results for their customers.
This acquisition will enable us to provide critical, must-have
training solutions and services to this high-growth market.”
“We are dedicated to providing easy-to-use, highly relevant
learning solutions, as well as regulatory compliance training
to some of the world’s best-known financial services companies,”
said Patrick Miller, President and Chief Executive Officer of
FinancialCampus. “As a part of Thomson NETg we will now
be able to provide customers with a broad spectrum of Open
Learning solutions focused on the vast array of learning needs
within the financial services sector.”
As a leading provider of training and development solutions
to the financial services industry for over 32 years, FinancialCampus
has delivered learning to over one million financial services
professionals. FinancialCampus offers more than 20,000 hours of
approved insurance continuing education credits in 50 states and
various licensing designations in securities insurance, CFP®,
CPA, CLU, CPCU, IRS EA and more.
In addition, FinancialCampus has developed and delivered more
than 35,000 hours of business support courses in areas such as
professional development, pre-licensing study, product training
and management support. Its clients include Fortune 500 corporations
as well as individual practitioners such as insurance agents,
stockbrokers, financial planners, CPAs and many others.
FinancialCampus courseware is focused on a broad range of issues
critical to most businesses in today’s increasingly volatile
and regulated financial services sector, including:
- Anti-money laundering
- Ethics in the security industry
- Federal and state securities regulations
- FINRA compliance
- Research analysts and the growing concern regarding potential
conflicts of interest
- Securities registration and reporting requirements
- The USA Patriot Act
Headquartered in Southborough, Mass., FinancialCampus has become
a business unit of Thomson NETg. Thomson NETg has a vast array
of learning products and services, the many components of which
make up its Open Learning offering. Instructional content from
its e-Learning and e-Reference libraries cover a broad range of
topics including professional development, business topics, and
IT and desktop software education. In addition, Thomson NETg offers
e-MBA and executive education programs, strategic learning consulting
services, instructor-led training materials, job aids, workplace
textbooks and e-Books, and IT certification boot camps –
allowing it to offer a truly blended learning approach to its
clients.
About The Thomson Corporation and NETg
The Thomson Corporation (www.thomson.com), with 2002 revenues
from continuing operations of $7.5 billion, is a global leader
in providing integrated information solutions to business and
professional customers. Thomson provides value-added information,
software tools and applications to more than 20 million users
in the fields of law, tax, accounting, financial services, higher
education, reference information, corporate training and assessment,
scientific research and healthcare. With operational headquarters
in Stamford, Conn., Thomson has approximately 43,000 employees
and provides services in approximately 130 countries. The Corporation's
common shares are listed on the New York and Toronto stock exchanges
(NYSE: TOC; TSX: TOC). Its learning businesses and brands serve
the needs of individuals, learning institutions, corporations
and government agencies with products and services for both traditional
and distributed learning.
Thomson NETg (www.netg.com) is a global leader providing Open
Learning Solutions with a comprehensive offering of award-winning
content, multiple delivery options, cutting-edge technology and
expert consulting services. After more than 30 years, NETg continues
to be the learning and professional development partner of choice
for innovative global organizations worldwide.

New York State Eliminates the Classroom CE Requirement
Paving the Way for Online Learning
Southborough, MA, June 4, 2003 –
FinancialCampus
of Southborough, MA, a premier provider of online CE insurance
training applauds New York’s decision to enter the internet
age. FinancialCampus
currently has over 300 credits available in the State of New York
in an online, interactive format.
The State of New York had previously allowed only 7.5 hours,
out of 15, of the annual continuing education requirement to be
completed through “Self Study”. Click here to view
all of the courses available in the State of New York through
FinancialCampus.
To register for these courses, host a virtual university, or
for further information about certificate programs from FinancialCampus,
call Matt Lozoraitis at 1-800-392-6387 ext. 13, or visit www.financialcampus.com.
About FinancialCampus
FinancialCampus
has been providing continuing education to the financial services
industry for 32 years. We currently offer over 20,000 nationally-recognized
online continuing education hours approved by regulatory authorities
and over 35,000 hours of business support courses in areas such
as professional development, pre-licensing study, human resources,
soft skills, and management support.

“Mutual Fund Breakpoints”
online course now available from FinancialCampus.
SOUTHBOROUGH, MA, May 15, 2003 - FinancialCampus
of Southborough, MA, a premier provider of online securities and
insurance training, continuing education and pre-licensing courseware
announces its new course on Mutual Fund Breakpoints. Many issues
regarding Breakpoints have been in the news recently as the confusion
surrounding reduced sales charges on mutual fund purchases becomes
more of a concern to the investing public. The government believes
the problem has the potential to be is industry-wide and the FINRA
has agreed, requiring a self-audit compliance analysis. If past
trends are an indicator of the future, we can all expect increasing
regulation and oversight in this area.
This course is now available from FinancialCampus,
an industry leader in online continuing education for the financial
services industry. It includes a thorough discussion of relevant
issues including sales loads, share classes, breakpoint tables,
and “breakpoint sales” along with suggestions for
registered representatives to avoid problems in this area.
To register for this course or for further information about certificate
programs at FinancialCampus,
call Matt Lozoraitis at 1-800-392-6387 ext. 13.
About
FinancialCampus
FinancialCampus
has been providing continuing education to the financial
services industry for 32 years. We currently offer over 20,000
nationally recognized online continuing education hours approved
by regulatory authorities and over 35,000 hours of business support
courses in areas such as professional development, pre-licensing
study, human resources, soft skills, and management support.

FinancialCampus
Launches First Insurance and Securities Virtual University in
India
Chennai, Tamilnadu, India, February 22, 2003
- Chennai, Tamilnadu, India, February 22, 2003 - M K Raju Consultants
Private Limited, a leading Indian Energy Management Consultants
organization, in association with The Boston Group of Northboro,
MA, has launched an FinancialCampus
portal in Chennai, delivering securities and insurance training
to its producers in India. The innovative introduction of FinancialCampus
courseware at M K Raju Consultants includes an insurance training
program in Telugu with programs in Tamil, Kannada, Malayalam,
Hindi, Urdu, and Marathi scheduled to follow. The offering of
insurance and securities training courses in multiple languages
is expected to greatly benefit India’s rural sector.
FinancialCampus
is one of the world’s largest and most trusted resources
for financial services and insurance educational materials, marketing
information and distribution expertise. Mr. Jeffery Hooper, Executive
Vice President of FinancialCampus
said, “Through FinancialCampus,
more than 300 financial service organizations around the world
are involved in marketing annuities, mutual funds and disability,
health, life, and retirement savings products. More than 200 integrated
programs with an online course library of 300 titles have so far
availed over one million professionals.”
Regarding the introduction of FinancialCampus
courseware and services in India, Mr. Raju, of M K Raju Consultants,
said “only one out of five of the insurable population in
India have insurance coverage. In terms of insurance premium per
capita and premium per GDP, India ranks as one of the lowest in
the world. Life Insurance premiums constitute only 9% of domestic
savings. Health coverage is negligible. Cattle insurance has to
yet to take off. One hundred million elderly people will comprise
the market for old age pension and annuities by 2010. More than
325 million people in the workforce have no social security funding.
“This poor performance projects the tremendous market potential
that exists for explosive growth in insurance. Our mindset has
to change from 10% to 20% annual growth in insurance to 100% compound
growth year after year. As the business market will be characterized
by fierce competition and high customer expectations, customer
service will be the key to success and only competent and well
trained agents can provide this service.”
Mr. Raju further asserted, “It is simply impossible to train
so many agents to match the market potential with traditional
classroom learning. The revolutionary approach through web based
elearning provides quality education and training to anyone, any
time, and any place at any pace. The model will be individual
computers with internet linkage or special dedicated elearning
centers with hundreds of terminals set up to easily reach any
participant. We can provide insurance agents trained to match
the needs of the industry and thereby tap the huge market potential.”
Mr. Raju continued “M K Raju Consultants and The Boston
Group are bringing world class technology with a managerial dimension
and will take up turnkey assignments to offer elearning programs
to banks, insurance companies, industry and educational institutions.
Programs are customized to suit each company’s needs. The
rural sector will be energized with insurance training programs
in rural languages.”
Mr. Raju concluded “Elearning is a revolutionary approach
to bringing insurance to the masses. The pace of growth will be
phenomenal. There is no reason why India cannot achieve a tenfold
growth in insurance business within the next three years.”
About The Boston Group
The Boston Group, founded in 1988, is a global provider of IT
and elearning solutions. It has delivered cost effective solutions
to a broad range of fortune 1000 companies in insurance, banking,
and financial services, and higher educational institutions through
development centers in the United States, India, Singapore, China,
Dubai Malaysia and the Philippines. The Boston Group, with Intralearn
Software, has set up 600 installations in 35 countries with global
reach and visibility.
About
FinancialCampus
FinancialCampus
is a prominent online continuing education and firm element
educator in the financial services and insurance industries. Insurance
agents, stockbrokers, financial planners, CPAs, CFP®s, CLUs,
ChFCs, and CPCUs use
FinancialCampus
courses for their professional education and pre-licensing
needs.
FinancialCampus
offers customers their own branded, customized, and Web-based
virtual universities, complete with a 300-course library of courses
filed for credit in all states that accept online learning.
FinancialCampus
services range from simply delivering and tracking continuing
education requirements, to acting as a full performance improvement
partner, engaged in all facets of enterprise level training, development
and delivery.
For further information, see the certificate programs at www.financialcampus.com
or call Jeffrey Hooper at (800) 392-6387.

FinancialCampus
Delivering Financial Services Training in India
Southborough, MA, February 3, 2003 -
FinancialCampus
- a leading provider of online continuing education to the financial
services industry for 32 years – has moved into the international
arena with a domestic partner in India. The Indian financial services
marketplace has been rapidly moving forward in the last three
years and regulatory training is required for those selling insurance
and securities products in that country.
FinancialCampus
is working with The Boston Group to develop the financialcampusIndia.com
portal for online training that will reach the entire country
via the Internet. A 20 person team located in Hyderabad is converting
the FinancialCampus
courseware to more closely tie into the Indian regulatory environment
and the material will be presented in English and is being translated
into Hindi, Telugu, and Urdu.
Dennis Doyle, Chairman of FinancialCampus
has said that “India is the third largest democracy in the
world and as the country continues to grow and advance, the desire
for insurance and security products grows commensurately. FinancialCampus
will be there to deliver state-of-the-art interactive, dynamic,
online courseware for the benefit of the Indian economy and people”.
FinancialCampus
also has plans to move into the Asian subcontinent by the end
of 2003. China in particular is experiencing the same type of
growth as India.
About
FinancialCampus
FinancialCampus
is a prominent online continuing education and firm element
educator in the financial services and insurance industries. Insurance
agents, stockbrokers, financial planners, CPAs, CFP®s, CLUs,
ChFCs, and CPCUs use
FinancialCampus
courses for their professional education and pre-licensing
needs.
FinancialCampus
offers customers their own branded, customized, and Web-based
virtual universities, complete with a 300-course library of courses
filed for credit in all states that accept online learning.
FinancialCampus
services range from simply delivering and tracking continuing
education requirements, to acting as a full performance improvement
partner, engaged in all facets of enterprise level training, development
and delivery.
For further information, see the certificate programs at www.financialcampus.com
or call Jeffrey Hooper at (800) 392-6387.

FinancialCampus
President and CEO Dennis Doyle Panelist at Financial Planning
Week in New York
New York City, New York, October 7, 2002 -Financial
Planning Week October 7-13, 2002 opened in Madison Square Garden
under a proclamation from the mayor of New York City. Hosted by
New York University and the Financial Planning Association of
New York, the ceremony commenced with a panel discussion featuring
eleven industry experts. Titled "Financial Planning and Education
Today: Academic and Institutional Partnerships for Success,"
panelists discussed the developing educational trends and standards
in the financial services industry.
Dennis Doyle, CFP®, ChFC, CLU, CPCU, President and
Chairman of FinancialCampus,
appeared as a panelist and discussed the heightened emphasis,
among both practitioners and the public, on the academic credentials
of financial planning professionals. Doyle says this is becoming
increasingly evident as an expanding range of technologically-advanced
training options offer education and certification to planners
who hold industry designations, such as Certified Financial Planner®.
About FinancialCampus
FinancialCampus
has been providing continuing education to the financial services
industry for 32 years. We currently offer over 20,000 nationally-recognized
online continuing education hours approved by regulatory authorities
and over 35,000 hours of business support courses in areas such
as professional development, pre-licensing study, human resources,
soft skills, and management support.
For further information, see the certificate programs at www.financialcampus.com
or call Matthew A. Lozoraitis at (800) 392-6387.
About the New York University School of Continuing and Professional
Studies Center for Finance, Law and Taxation
The Center for Finance, Law, and Taxation at New York
University provides renowned continuing professional education
through faculty that is drawn from the financial and legal capital
of the world. The university's caliber attracts students who are
sophisticated leaders in their field. Featuring a curriculum that
is rigorously and regularly evaluated to keep up with current
trends and provide professional accreditation to comply with state
laws, the New York University School of Continuing and Professional
Studies Center for Finance, Law and Taxation offers a dynamic
and challenging classroom environment.
Source: The
Center for Finance, Law and Taxation. ©2002 New York University.
October 8, 2002 .
About the Financial Planning Association of New York
The Financial Planning Association of New York serves
its members and the public by promulgating the highest standards
of professionalism for the financial services industry. FPANY
is committed to both educating members and the public regarding
the financial planning process and developing an understanding
of the benefits of financial planning for the consumer and the
practitioner. The FPA of New York recognizes the CFP® as the
premier credential in the financial planning industry, and recommends
to practitioner members that they achieve the CFP® designation.
In addition, the FPA of New York provides an open forum where
CFP®s and other professionals in the financial planning industry,
such as accountants, attorneys, bank trust officers, estate planners,
investment brokers, portfolio managers and insurance advisers,
can meet and discuss matters of mutual interest and importance
to the professional and their clients.
Source: Financial
Planning Association of New York. October 8, 2002.

Tyrone Burns Humes working with FinancialCampus
as Director of Institutional and International Markets
Southborough, MA, September 12, 2002 - FinancialCampus
is pleased to announce that Tyrone Burns Humes has joined the
firm to promote corporate growth in institutional and international
markets. Mr. Humes, formerly the Director of eLearning and Special
Markets at Dearborn Financial Services, will be focusing on the
company's growing penetration of the Global 2000 market.
Mr. Humes developed the eCommerce strategy and created the initial
organization and strategy implementation at Dearborn that resulted
in revenue growth and strategic alliances and partnerships. He
previously held the position of Regional Director at USN Communications
where he designed, developed, and implemented the client program
that resulted in private placement initiatives and significant
revenue growth.
Mr. Hume's role at FinancialCampus
builds on and is consistent with the corporation's rise as the
pre-eminent provider of interactive, online education and training
to the financial services sector both in the U.S. and abroad.
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