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Executive Summary Intellinex LLC is an eLearning company that was recently spun off from its parent Ernest Young LLP At its inception Intellinex claimed to be one of the largest eLearning providers They have an aggressive strategy to take advantage of the consolidating eLearning market and become a one-stop provider of all eLearning services for their clients Their focus is on creating customized training for clients and helping them to implement and maintain their on-line courses Products and services are geared toward large companies that spend approximately 1 million on their eLearning projects not individuals or small companies They have asserted a strenuous goal of 100 million revenue in the first year of business Company Background Intellinex LLC is an eLearning provider of one-stop learning solutions that are faster lower in cost more flexible and more convenient than traditional classroom training wwwintellinexcom Ernst Young LLP launched their wholly owned eLearning venture Intellinex LLC on October 5 2000 Ernst Young was the first of the Big 5 firms to create an operating company that offers eLearning services With less than a year of experience practicing business on their own much of the background information for Intellinex stems from their internal work with Ernst Young prior to the spin off Their parent had already seen the light of eLearning and began creating training that focused on everything a young audit person would need when first starting their career Almost all Ernst Young employees had begun taking eLearning courses through a unit now known at Intellinex They found that it was less expensive to train them online than to fly them to training centers for multiple courses Due to Year 2000 concerns Ernst Young changed its curriculum-development procedures and what previously took 200 hours to create 1 hour of online training now takes 20 hours Walsh 2 Intellinex was able to take advantage of this change Ernst Young already
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