SmartForce and Centra Terminate Merger Agreement

Companies to Forge Reseller and Co-Marketing Partnership

SmartForce, the world's largest e-Learning company, and Centra Software today announced that they have mutually agreed to terminate their previous agreement to merge the companies.

In order to realise, to the greatest extent possible, the benefits of the previously proposed combination to SmartForce and Centra customers, the two companies have entered into a reseller and co-marketing partnership instead.

Under the terms of the partnership, SmartForce will have the right to resell Centra’s CentraOne product, and the parties will each have the right to co-market each other’s products into their respective customer bases.

April 3rd, 2002