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Jan 10, 2006

New Additions To Our Family

I am happy to announce our acquisition of two companies - Tertia Edusoft AG in Switzerland and Tertia Edusoft GmbH in  Germany – from the Tertia Group, a leading provider of Human Resources Management solutions in Germany.

Tertia Edusoft AG is the market leader in  Switzerland in the development of regulatory and compliance training solutions for the Banking, Financial Services, Insurance, Professional Services, Logistics and Telecom sectors.

Tertia Edusoft GmbH’s core competence lies in designing management simulations, through their proprietary product line, TOPSIM – the no. 1 simulation product in  Germany. TOPSIM has been successfully implemented in business education and professional training for more than 20 years in German-speaking countries, and is currently being used by more than 1,000 customers.

This is a significant step for us in our quest for global leadership in e-learning. These two companies provide us the impetus to pursue high growth opportunities in the European market. Now we can offer an even wider range of offerings to our customers worldwide.

Tertia Edusoft GmbH’s TOPSIM range works in synergy with TIS’s strong global presence in the simulations segment. TIS has already developed a library of about 200 SimBLs™ (Simulation-based Learning Objects) on diverse topics – from Management and Accounting to Business Ethics and People Management  – that are being used by more than 60,000 students and 25,000 other licensees around the world.

With the coming together of SimBLs™ and TOPSIM, we are now poised to become a world leader in simulations.

-Sanjaya

(Sanjaya Sharma is CEO, Tata Interactive Systems)

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