Babylon is a leading provider of one-click information access solutions. In 1997 the company introduced its flagship product – a desktop application that delivers instant translations, conversions and information in a single click. In 2001 Babylon successfully changed its business model and began selling its product both online to private users and directly to corporations, reaching hundreds of thousands of paying users and large international corporations worldwide. Babylon has now leveraged its patented technology in a server-based solution that provides business customers a unified platform for instant retrieval of vital information from various data sources. The company now has over 24 million registered users of its software products, growing at a rate of 300,000 new installs monthly.

Babylon’s customers include industry leaders such as 3M, AEG, Aventis, BASF, Daimler Chrysler, Deutsche Bank, Ericsson, Ernst & Young, Eurocontrol, Ford, France Telecom, Fujitsu Siemens, Gillette/Braun, IBM, Lufthansa, Motorola, Nike, Nestle, Oracle, Petrobras, Pfizer, Philips, SAP, UBS, UPS, Xerox, and many more. Babylon’s headquarters are located in Or Yehuda, Israel. The company has offices in Germany, France and The Netherlands, and a worldwide network of distributors and resellers. Major shareholders in Babylon are Formula Vision Technologies (TASE: FVT), a subsidiary of Formula Systems (NASDAQ: FORTY), and Reed Elsevier Ventures, a world leading publisher and information provider, whose two parent companies, Reed Elsevier PLC and Reed Elsevier NV, are listed on the London (REL), Amsterdam (REN) and New York (RUK and ENL) Stock Exchanges. For additional information, visit Babylon’s website at www.babylon.com. UrsulaR 10:10, 1 Mar 2005 (UTC)