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From the Wires
SumTotal Strengthens Position in the Performance Management Market with Product Enhancements and Strategic Customer Wins
McCann-Ericson and PGA TOUR Golf Course Properties, Inc. Among New
Customers Adopting SumTotal's Performance Management Solution
By: Business Wire
Oct. 15, 2008 11:40 AM
SumTotal® Systems, Inc. (NASDAQ: SUMT), the market leader and global provider of talent development solutions, today announced from the HR Tech Conference that it has strengthened its position in the Performance Management business with the continued acquisition of new customers, including McCann-Ericson and PGA TOUR Golf Course Properties, Inc. With the addition of these customers, SumTotal now has more than four million end users of its Performance Management products world-wide. “Bersin & Associates has found that forty percent of US corporations believe performance management is a key strategy for maintaining top talent,” said Josh Bersin, CEO and President of Bersin & Associates. “However, only twenty-six percent have implemented an enterprise-wide process. This is a perfect opportunity for companies like SumTotal to drive market adoption of solutions such as their SumTotal Talent Development Suite which helps address workplace performance management challenges.” The company’s growth in the performance management market is fueled by a new product release, general market interest in SaaS solutions and increased adoption among small and mid-sized businesses that are looking to harness employees as a competitive advantage in this tough economic climate. Introduced earlier this year, SumTotal ResultsOnDemand-Performance Version 8 provides organizations with a new, intuitive user interface and advanced features for HR managers. “We listened to our performance management customers and architected the latest ResultsOnDemand-Performance module to address their specific needs, including new features such as patented drag-and-drop technology and a simultaneous rating feature set,” said Jon Ciampi, Vice President and General Manager of Performance Management for SumTotal Systems. “Since launching ResultsOnDemand we have experienced the highest level of interest in our Performance Management products, a reflection of great feedback from our customers and a strategic focus on these solutions by SumTotal.” SumTotal is the first and only company to offer a unified talent development solution – performance management and learning – and provide a comprehensive approach to managing the performance lifecycle versus point solutions. The company’s strong track record delivering best-of-breed learning products, as well as integration of those products with its performance management suite has also contributed SumTotal’s recent momentum. SumTotal’s Performance Management products are available via the hosted ResultsOnDemand service, as well as installed. For more information or a product demo, please contact sales@sumtotalsystems.com. About SumTotal Systems, Inc. SumTotal Systems, Inc. (NASDAQ: SUMT) is the market leader and global provider of talent development solutions. SumTotal deploys mission-critical solutions designed to drive learning, align goals, develop skills, assess performance, plan for succession and set compensation. SumTotal’s solutions aim to accelerate performance and profits for more than 1,500 companies and governments of all sizes, including six of the world’s 10 biggest pharmaceutical makers, six of the 10 largest automotive companies in the world, four of the five branches of the U.S. Armed Forces, three of the world’s top five airlines, five of the six largest U.S. commercial banks and two of the world’s top five specialty retailers. Mountain View, Calif.-based SumTotal has offices across Asia, Australia, Europe and North America. For more information about SumTotal’s products and services, visit www.sumtotalsystems.com. SumTotal and the SumTotal logo are registered trademarks or trademarks of SumTotal Systems, Inc. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners. Safe Harbor Statement/ Forward-Looking Statements Information in this press release contains forward-looking statements, including, but not limited to, the anticipated benefits and performance of SumTotal’s products and solutions, such as its performance management products. These statements represent SumTotal Systems’ expectations or beliefs concerning future performance and events. These statements are not historical facts or guarantees of future performance or events and are based on current expectations, estimates, beliefs, assumptions, goals and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. Additional factors that could cause actual results to differ include, but are not limited to: (i) unknown errors or bugs in SumTotal’s software products and solutions, including its performance products; (ii) the acceptance of SumTotal’s software suite and future product offerings, including its performance management products; (iii) the ability to successfully manage and increase growth, both within and outside of the United States, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; (iv) the actual demand and growth of the market for performance management products and services; (v) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of SumTotal’s software and products; (vi) the ability to successfully implement SumTotal’s solutions in the future; (vii) the ability to successfully address technological developments and standards; and (viii) other events and other important factors disclosed previously and from time to time in SumTotal’s filings with the Securities and Exchange Commission, including SumTotal’s annual report on Form 10-K for the year ended December 31, 2007, its quarterly report on Form 10-Q for the quarter ended June 30, 2008, and its Form 8-Ks. The forward-looking statements contained in this release are made as the date of this release, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release. Latest Cloud Developer Stories
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