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Experience™ and BrassRing Forge Deal to Create Dominant Standard in Corporate and College Recruiting

Experience To Acquire BrassRing Campus - Resulting in 74% Market Share Position Two Market Leaders Partner to Deliver Best-in-Class Corporate Recruiting Solution

Boston, Mass. - 8/14/2001 - Experience.com Inc., the leading provider of College Recruiting Relationship Management (CRRM) solutions, today announced the acquisition of the BrassRing Campus undergraduate business from BrassRing Inc., a leading provider of corporate technology recruiting solutions and services and Talent Relationship Management (TRM) systems. Effective immediately, Experience will manage and support all of BrassRing's existing undergraduate university recruiting systems' customers and technology. As part of the agreement, the two companies will co-market each others' services and work toward an integration between BrassRing Systems' award-winning Talent Relationship Management system and Experience's leading College Recruiting Relationship Management solution.

Today's agreement makes Experience the dominant market standard in the College Recruiting Relationship Management arena. As a result, Experience will now exclusively provide career center management solutions to over 650 universities, giving Experience over 74% market share, according to the firm. Corporate customers will greatly benefit from this standard with the ability to now manage all their school and student relationships from a single point of access, and as a result, dramatically increase the quality of their hires, reduce cost, and streamline administration.

"We are excited to be working together with BrassRing, the market leader in corporate Talent Relationship Management solutions. Today's agreement allows us to provide even more robust solutions to our universities and corporate customers by delivering enabling technology that automates, enhances and streamlines the career development processes," said Jennifer Floren, CEO of Experience. "This is a huge win for employers looking to dramatically improve the results and return on investment (ROI) of their college recruiting programs."

"We wanted to work with the right company that would invest in and continue strong support of our undergraduate Campus customers. Experience's long-time leadership and continued focus on this market provides our customers a strong path for the future," said Deborah Besemer, president and CEO of BrassRing Inc. "The partnership fits well with BrassRing's strategy to focus on our core business of building and delivering best-of-breed Talent Relationship Management solutions to the corporate marketplace."

About Experience
Experience is the leader in College Recruiting Relationship Management solutions. Experience provides technology, expertise, service, and a network of universities and employers to enable world class recruiting and career development programs. The Experience eRecruiting Network™ facilitates relationships among employers, universities, and students throughout the college recruiting process. Over 50,000 employers use this powerful network solution to streamline their recruiting process and access more than 2 million students from over 1,200 universities.

About BrassRing
BrassRing Inc. is a leading provider of both integrated candidate sourcing solutions and Talent Relationship Management (TRM) systems. The firm is a leading provider of technology career events in North America and Europe and provides a variety of online recruiting solutions to help companies develop relationships with hard-to-find candidates. In addition, BrassRing Systems Enterprise is the industry's leading TRM solution. BrassRing Inc. is owned by The Washington Post Company (NYSE: WPO), Tribune Company (NYSE:TRB), Gannett Co., Inc (NYSE:GCI), Accel Partners, and its employees. For additional information, visit www.brassring.com.

Contact:

Nancy Miller
Director, Marketing Communications
Experience.com, Inc.
617.305.7400
nmiller@experience.com

Mike Jurs
Director of Corporate Communications
BrassRing
650.358.1326
mjurs@brassring.com

 

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