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Home > News > February 2004 > 18-Feb-04

Docent and Click2learn set date for stockholder meetings to approve merger

Docent Inc. and Click2learn, two leading enterprise software companies in the business performance and learning market, announced yesterday that each company will hold a special meeting of its stockholders on March 18, 2004 to vote on, among other things, a proposal to approve the merger of equals of the two companies. Docent and Click2learn stockholders at the close of business on January 22, 2004 are entitled to vote at the Docent and Click2learn special stockholder meetings, respectively.

The companies also announced that on February 12, 2004, the Securities and Exchange Committee declared effective the registration statement on Form S-4 containing the joint proxy statement mailed to stockholders of each company in connection with the meetings.

"We are very excited to get out to the marketplace with our combined strengths and offer organisations a clear leader that understands how learning and performance management can accelerate profit," said Kevin Oakes, CEO and Chairman of Click2learn. "With our solid financial base, groundbreaking technologies and unequaled customer base that covers the most industry and business solutions, we expect to be the clear choice for organisations wanting to gain a competitive advantage."

"Our continued momentum since the merger announcement has shown that this combination of industry leaders will be able to create superior value - in the short term and in the long term," said R. Andrew Eckert, President and CEO of Docent. "We remain committed to raising the performance of our entire industry and helping our customers accelerate their own performance."

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