And so on. Using this information to create a profile, the system then tells the employee what courses he or she must take to comply with company requirements or the law. Employees can then read the coursework online at their convenience. LRN tailors the content and service to each company. The service also allows the employer to track and confirm that employees have completed training.
Investors seem to like the idea as much as harried in-house lawyers.
The company is one of 30 application service providers that Softbank has funded during the past year. ASPs, which allow companies to rent software or applications from a third party, were supposed to be the Internet's next sensation. By making software available online, the theory went, ASPs would save companies the trouble of installing and maintaining systems. But so far ASPs have been as disappointing as box-office receipts for the latest Arnold Schwarzenegger flick. That's largely because most ASPs are selling hosted versions of software already available by license.