SulAmérica launches UNIVERSAS to reach 25,000 employees
and insurance brokers this year

Rio de Janeiro, Brazil, May 24, 2005 -- IntraLearn Latin America Ltda. (ILLA), the South American subsidiary of the leading supplier of turnkey e-Learning software applications, IntraLearn Software Corporation, announced today in conjunction with its Brazilian partner, QuickMind Knowledge Management, that it has reached agreement with SulAmérica to license the IntraLearn SME to deliver e-Learning courses from their corporate university - UNIVERSAS.
“It was important to us that UNIVERSAS was able to manage and deliver courses from a centralized learning management system that was scalable and secure,” said Carmen Pereira, SulAmérica’s Training and Development Superintendent.

SulAmérica is one of the largest insurance conglomerates in Latin America, serving more than 6 million clients from over 14 branches, 70 working offices, and 31 Decentralized Attendance Units throughout Brazil. With the rapid introduction of new products and programs, an online university capable of delivering e-Learning to their employees and brokers is critical.

Initially, 10 online courses are being offered to approximately 5,900 employees. SulAmérica has plans to develop new courses and expand the offer to more than 26,000 insurance brokers during this year. The feature-rich IntraLearn SME allowed them to rapidly deliver interactive and measurable courses throughout the country.

Alfredo Leone, IntraLearn Latin America’s Managing Director, said, “We are honored to have been chosen by such a prestigious company as SulAmérica.” Fabio Barcellos, CEO of QuickMind, added, “The worldwide reputation of IntraLearn clearly helped to support their decision.”

“The IntraLearn SME is an ideal product to fuel SulAmérica’s corporate university,” said Peter Banhazl, Executive Vice President of IntraLearn Software Corporation. “But having such an experienced company like QuickMind right in Rio de Janeiro was equally as important.”

About SulAmérica
SulAmérica was founded in 1895 and is present throughout Brazil, with 5,900 employees and a distribution network of 26,000 insurance brokers. In March 2002, SulAmérica and ING presented their partnership to the market.

The acquisition of 49% of SulAmérica´s shares by ING – one of the largest financial services companies in the world with more than six million clients – was one of the most important events in the insurance and asset management sector in recent years. In 2004, SulAmérica, in association with ING, reported revenues of R$ 6 billion.

SulAmérica serves more than six million clients throughout Brazil through its Automobile and Mass, Health, Life, Industrial and Commercial Risk (ICR) portfolios, mutual funds, and pensions.

About QuickMind Knowledge Management
With headquarters in Rio de Janeiro and an office in São Paulo, QuickMind Knowledge Management is one of the key solution providers in human capital management in the Brazilian market. QuickMind’s highly qualified, innovative, and multidisciplinary team makes its offerings considerably superior and more cost-effective by linking the customers’ employee development directly to their business objectives. QuickMind is a Microsoft Certified Partner. For more information, call (+55 21) 2524-2956 or e-mail relacionamento@quickmind.com.br.

About IntraLearn Latin America
Headquartered in São Paulo, Brazil, IntraLearn Latin America (ILLA), is a joint venture between IntraLearn Software Corporation and Nexus Global Partners, LLC, a cross-border advisory firm focused on the execution of international expansion plans for small to midsize companies. IntraLearn has been successfully sold by resellers in South America since 1999. ILLA has been furthering that growth by creating and locally supporting a Latin American community of IntraLearn partners to share ideas, experiences, strategies and resources across the region.

About IntraLearn
IntraLearn Software Corporation of Northboro, MA is the leading provider of turnkey e-Learning applications for the corporate enterprises, academic institutions and non-profits. Along with operations in the UK, Brazil, Singapore and India, IntraLearn software is distributed worldwide through authorized IntraLearn resellers and Learning Service Providers to more than 1,300 major organizations in 17 international languages. IntraLearn is a Microsoft Gold Certified Partner with both ISV and Microsoft Business Solutions proficiencies.