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KAPLAN PROFESSIONAL ACQUIRES BISYS EDUCATION SERVICES

Apr. 7, 2005

Chicago – April 7, 2005 – Kaplan Professional, a division of Kaplan, Inc., today announced that it has agreed to acquire BISYS Education Services, a prominent provider of licensing education and compliance solutions for financial services institutions and professionals.

Kaplan is a leading provider of educational services, providing professional training, postsecondary education, test preparation and K12 services for individuals and institutional customers.  BISYS Education Services will join the Dearborn group of companies, which are part of Kaplan Professional.

“This move will enable us to provide customers with unparalleled resources,” said Eric Cantor, Kaplan Professional President and Chief Executive Officer.  “We will leverage both organizations’ investments in technology and content to offer the highest quality services available.”

“In an increasingly complex regulatory environment, our institutional customers require strategic, tailored solutions,” said Andrea Mainelli, Kaplan Professional Senior Vice President and Chief Operating Officer.  “We can now offer a single source for all their education and compliance needs.”

Dearborn provides securities and insurance licensing training and continuing education. It offers a comprehensive library of courses designed to meet state- and firm-mandated regulatory requirements, as well as certificate and designation programs in areas such as wealth management and financial planning.

For more than 30 years, Dearborn has worked with top insurance companies, securities firms and banks to deliver quality solutions that boost productivity, minimize risk, and deliver bottom-line results.

About BISYS Education Services
BISYS Education Services is a prominent provider of financial services education, licensing automation and compliance solutions for insurance companies, investment firms and financial services professionals.  BISYS offers pre-license education, continuing education, and preparation for CFP® Certification Examination candidates.  BISYS’ licensing solutions automate compliance processes for insurance companies and investment firms and can be delivered as an Application Service Provider (ASP) solution, or firms can outsource their licensing and registration activities to BISYS.

About Kaplan Professional

Kaplan Professional, based in Chicago, provides licensing and continuing education training, certification, professional development courses, and compliance tracking for financial services, legal, IT, and real estate professionals and corporations.  Offering an array of educational tools, from on-site training and classroom instruction to over 600 online courses, Kaplan Professional serves individuals who must maintain licenses and comply with regulatory mandates.  Kaplan Professional is a unit of Kaplan, Inc., a wholly owned subsidiary of The Washington Post Company (NYSE: WPO).  For more information, please visit www.kaplanprofessional.com.

Press contacts:

Paige Hunting
Office: 212-974-6233
paige_hunting@kaplan.com
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