SkillSoft Announces Sanction By Irish High Court Of Scheme Of Arrangement

SkillSoft PLC (NASDAQ:SKIL), a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, announces that today the Irish High Court sanctioned (without modification or addition) the Scheme of Arrangement presented to it in connection with the acquisition of SkillSoft by SSI Investments III Limited, a company formed by funds sponsored by each of Berkshire Partners LLC, Advent International Corporation and Bain Capital Partners, LLC.

The Scheme will become effective on the delivery of an office copy of the Court Order and the minute required by Section 75 of the Companies Act of Ireland 1963 to the Registrar of Companies and the registration of the Court Order and minute by him.

It is expected that the Scheme will become effective on May 26, 2010 in which case the last day of dealings in SkillSoft ADSs on NASDAQ is expected to be May 26, 2010 and the last day by which the consideration to which SkillSoft Shareholders are entitled will be despatched will be June 9, 2010.

About SkillSoft

SkillSoft PLC (NASDAQ:SKIL) is a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses. SkillSoft enables business organizations to maximize business performance through a combination of comprehensive e-learning content, online information resources, flexible learning technologies and support services.

Content offerings include business, IT, desktop, compliance and consumer/SMB courseware collections, as well as complementary content assets such as Leadership Development Channel video products, KnowledgeCenter(TM) portals, virtual instructor-led training services and online mentoring services. SkillSoft's Books24x7(R) product offering includes access to more than 25,000 digitized IT and business books, as well as book summaries and executive reports. Technology offerings include the SkillPort(R) learning management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM), inGenius(TM) and virtual classroom.