Quistor Strengthens Presence in Asia Pacific Region

October 20^th, 2008, Bergen op Zoom, The Netherlands / Kuala Lumpur, Malaysia

Quistor, the leading provider of hosted and fully managed eLearning Solutions for regional and global institutions, announced today that it has opened an office in Kuala Lumpur, Malaysia to further expand its sales operations in Asia Pacific region, and to support its new customers including international credit insurer Atradius. Quistor enables customers to focus on their core business by managing their processes and technology in a cost-effective way, using leading edge Learning Management solutions (LMS). Quistor has appointed Peter Steendijk, Managing Director of APAC, to head the newly established office and to service the Asia Pacific region with sales, implementation and support capability in conjunction with regional partners including Oracle.

“The Asia Pacific region has significant growth potential for 2008 and beyond for Business Process Outsourced (BPO) LMS systems”, said Henry Barenholz, Chief Commercial Officer at Quistor. “In addition to satisfying current and forecasted customer demands, establishing a strong presence in such a strategic market is an important component of our global growth strategy”.

As the Asia-Pacific eLearning market matures, there will be a much better appreciation of the benefits of eLearning technology. Both public and private enterprises across Asia-Pacific will be forced to appreciate the cost benefits and speed of execution of eLearning as demand for training across the Asia-Pacific continues to rise.

The e-Learning BPO partnership with Oracle enables Quistor to offer a “ready to go” LMS solution, based on Oracle learning technology. This includes a Learning Management System, hosting, learning administration services, content management and reporting in one package. The Quistor e-Learning BPO platform has been designed to deliver a cost effective and flexible learning solution that can be easily configured and deployed in weeks.

“The partnership within the Asia Pac Region with Quistor is a result of the successes that Oracle is currently experiencing with Quistor in the EMEA market”, said Tim Darton, head of Human Capital Management solutions at Oracle Asia Pacific. “Quistor’s partnership with Oracle enables the company to deliver an industry proven e-Learning platform that will enable companies to manage their learning processes and technology in a cost-effective way. Quistor has proven to be a reliable and flexible partner that can offer a solution to the market which enables Oracle to take a clear footprint and leadership position in eLearning across the Asia Pacific region.”

About Quistor Quistor, an Oracle Certified Advantage Partner, founded in 2006, is a provider of the following services for regional and global institutions:

• BPO e-Learning Platform and Services,Content Management
• JD Edwards Application Management Services
• Oracle Applications Implementation Services
• Additional Strategic and Functional Consultancy Services

With offices in The Netherlands, United Kingdom, Central Europe, France and Kuala Lumpur, Quistor is committed to providing the best learning products, services and expertise to help its global customer base minimize risk, maximize revenues and protect shareholder value.

Contact:
Peter Steendijk, Managing Director APAC
Tel: +603 2333 8930
Mail: psteendijk @ quistor . com