PTA-Adhoc: CAG International AG: CAG International Announces Strategic Alliance with Intrepid by VitalSource

Monday, 21. December 2020 08:30

Public disclosure of inside information according to article 17 MAR

Baar (pta008/21.12.2020/08:30) - CAG International Announces Strategic Alliance with Intrepid by VitalSource

Zug, Switzerland, -December 21, 2020 - CAG International AG, a company traded on the Vienna Direct MTF (Ticker Symbol CAG:AV) ("CAG International" or the "Company") announced today that it has entered into an agreement with Washington based company Intrepid by VitalSource ("Intrepid") a digital learning experience company.

The two companies intend to combine key competencies and strategies to boost revenues and expand their market presence. Under the Agreement, CAG will provide its expertise in "carve outsourcing", the Company's proprietary protocol of taking over the entire corporate training function of a client on an outsource basis in exchange for a multi-year contractual relationship. Intrepid will provide its extensive experience, large staff, know-how and collaborative learning platform that empowers organizations to solve high-stakes business challenges through engaging and applied learning at scale. The two companies will be positioned to offer clients a vertically integrated comprehensive training solution that also removes the burden of implementation from the client's human resources department. The solution suite is streamlined, cost effective and time saving for clients.

Hans Amell, Founder and Chairman of CAG, "We are delighted to once again be work with our old and dear friends at Intrepid. Their technology, team, capability and understanding of the needs of their customers is second to none. They are a tremendous addition to the total ecosystem we are creating, and we look forward to many wonderful opportunities with them in the near term and long into the future."

About Intrepid by VitalSource
Intrepid's 20 years of digital learning experience and over 65 awards has taught it that the journey doesn't always follow a straight path - and that's a good thing. But we never lose sight of our true north: innovating digital learning to drive business results.

VitalSource Technologies LLC has a 20-plus-year history of powering digital learning globally. Last year, over 15 million learners from 241 countries and territories used VitalSource®'s Bookshelf, Intrepid, and Acrobatiq platforms.

Some of Intrepid's awards:
Training Industry Top 20 Training Delivery Company
Training Industry Top 20 Authoring Tools Company
Training Industry Top 20 Learning Portal
Brandon Hall Group Gold: Best Advance in Unique Learning Technology: EY

Microsoft teamed with Intrepid and global business schools INSEAD and Wharton to deliver a 3-course "Microsoft Business School" using a revolutionary corporate MOOC approach.

"The Intrepid platform has allowed us to move into the fully digital world of executive education without losing a bit of what makes London Business School unique." -SUSHIL PALLEN, LEARNING INNOVATION MANAGER, LONDON BUSINESS SCHOOL

We are disrupting old-school corporate training technologies that focus on content delivery. Our platform provides engaging opportunities to apply learning at work and to learn with peers, because we all learn from practice and from one another. Intrepid's approach helps individuals learn and improve, and organizations transform and grow.
We understand how fast the world is changing, and how frustrating it is to try to help your people when stuck with outdated solutions. We also understand you want to leap ahead and do things differently. Intrepid is here to guide your digital transformation, helping you create and deliver effective corporate learning experiences that will drive your business.

For more information about Intrepid by VitalSource, please visit www.intrepidlearning.com.

About CAG International AG
CAG International AG develops, markets and operates global outsourced corporate training solutions and corporate agility training. The Company, through its wholly owned subsidiary CAG Sweden AB owns 2 subsidiaries MCLP Sweden AB and MA Sweden AB which together make up the Minerva Group.

CAG is now ramping up to expand its ecosystem of international training resources using its proprietary Carve-Outsourcing or CORE, business agility tool.

CORE explained: CAG provides an elegant and seamless solution, tailored to match each clients' needs in the form of full-service training organization, catering to all their unique training needs. Using our special carve-out methodology, CORE, CAG acquires the client's training personnel and systems. It absorbs them into CAG's own infrastructure. This is done in return for a multi-year training contract (SLA) between CAG and the client.

For more information about CAG International AG, please visit www.caginternationalag.com.

Minerva Group
Minerva has over 15 years of experience of helping companies and organizations grow through learning.

Mastering business agility through blended learning requires a holistic approach and continual development. The Company has a number of proprietary pedagogical methods and core competencies to allow it to provide world-class learning systems, agility consultancy services, and operations coaching on both the strategic and tactical levels.

Minerva Group, based in Stockholm and Gothenburg operates nationwide in Sweden.Through the history of the Company over one million people have taken part in its various training programs globally. The Company trains employees, thereby realizing their true potential for business success.

www.minervagroup.se/minerva-group/

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company's facilities, customers, management, support staff and professional advisors, and to develop and deliver services and products. The Company's forward-looking statements could be affected by many factors, including, but not limited to, the Company's ability to commercialize, demand for the Company's products and services, economic conditions in the U.S. and worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:

CAG International AG
Zugerstrasse 72,
6340 Baar, Switzerland

info@caginternationalag.com

https://www.caginternationalag.com/

Intrepid by VitalSource

411 1ST AVE SOUTH, SUITE 501
SEATTLE, WA 98104

206.518.9870
intrepid@vitalsource.com

https://www.intrepidlearning.com

(end)

emitter: CAG International AG
address: Zugerstrasse 72, 6340 Baar
country: Switzerland
contact person: Hans Amell
e-mail: info@caginternationalag.com
website: www.caginternationalag.com

ISIN(s): CH0505534542 (share)
stock exchanges: Vienna MTF in Vienna

[ source: http://www.pressetext.com/news/20201221008 ]

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