Bank Mandiri Outsources eLearning Content Development to TBG.

Northboro, MA, April 9, 2004 – The Boston Group, a leading provider of IT Solutions & Services today announced that PT. Bank Mandiri, Indonesia has awarded it a 3-year contract to provide enterprise learning & training solutions.

The contract includes architecting an enterprise learning & training solutuion around TBG’s “Intralearn” Learning Management System, Hosting, Implementation, Training, Change Management, setting up Helpdesks & Content development. The LMS implementation will be impacting 17,500 employees spread across 700 branches in Indonesia.

"The contract also includes awarding TBG the development of at least 250 hours of e-Learning Content (web-based, multimedia courses). The e-learning content includes all areas of Bank Mandiri’s operations".

“The Boston Group is delighted to be a part of a very bold and pioneering initiative undertaken by Bank Mandiri to fulfill the training needs of its employees in a far more efficient way. The blended learning approach being adopted by Bank Mandiri will positively impact employee skills & competencies and will help in aligning them with the overall business objectives.”, says Kashif Rana, Vice President of The Boston Group.

About PT. Bank Mandiri

Bank Mandiri is Indonesia's largest bank in terms of assets, loans and deposits. Established in October 1998, in the aftermath of the Asian financial crisis of 1997 and 1998, Bank Mandiri is a product of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor and Bank Pembangunan Indonesia. One of Bank Mandiri's greatest achievements has been the complete renovation of its technology platform. The Bank Mandiri Management inherited a total of nine different technology platforms from the four legacy banks. After more that 38,000 man-hours of work, an investment of US$ 23 million for new equipment, Bank Mandiri now has a single technology platform creates a unified interface for customers increasing the efficiency of back office processing. The Bank is mid-way through its three-year US$ 200 million program to up-grade its technology platform, which will provide significantly improved products and services to its customers.

About MIK

To deliver this large e-Learning project for Bank Mandiri, IntraLearn Asia has partnered with P.T. Mitra Integrasi Komputindo (MIK), which is a leading IT integration and consulting services firm based in Jakarta.

About The Boston Group

The Boston Group (TBG) is a global provider of IT solutions & services. Since 1988, it has delivered cost-effective solutions to a broad range of Fortune 1000 companies, Small to Mid-Size companies & Higher-Ed institutions through its development centers in U.S, India, Singapore, Malaysia & China.

For more information, logon www.thebostongroup.com or contact Kashif Rana