Mountain View, CA – February 12, 2008 – SumTotal® Systems, Inc. (NASDAQ: SUMT), a global provider of learning, performance and talent management solutions, today announced that the company was named a leader in the February 2008 Forrester Wave: Enterprise Learning Management Suites, Q1 2008. SumTotal also received the highest possible score, a five out of five for their reporting and tracking capabilities, and the report noted “it leads in number of overall customers and revenues."
According to Forrester, this 90-criteria evaluation of learning management system (LMS) vendors points out that “this learning suite is quickly becoming a critical component of an organization’s talent management efforts.” Forrester also recognized that “pure-play vendors like SumTotal Systems (along with 3 other vendors) have created or acquired performance management, succession planning, and compensation capabilities and integrated these components into a talent management suite that complements the learning suite.” As a company, Forrester notes, “SumTotal has a tight focus on learning, performance and compensation in a talent management suite with a talent management dashboard.”
SumTotal received the top score in the Current Offering category, which includes sub-categories of administration and management, reporting and tracking, and content management. Forrester points out that “SumTotal provides rich options to configure the application for a variety of users, as well as different kinds of users within a company, through its robust domain features,” and that “SumTotal provides many modules with specific features for customers to choose from as they mature in this space.”
Forrester’s report evaluated vendors based on 90 criteria covering the current offering, strategy and market presence. The 12 vendors included are recognized in the eLearning industry as providers of robust learning applications and have over 100 customers currently active on the learning management product.
“Forrester’s report recognized that a learning management suite is a critical foundation of the talent development within an organization,” says Don Fowler, chief executive officer of SumTotal Systems. “SumTotal’s investment in new capabilities, including our innovation in reporting and analysis, helps our customers translate their initiatives into business value. Because the learning management system has a large footprint within an organization, it provides a strong foundation for talent management initiatives; allowing organizations to move into succession and workforce planning, performance management and compensation management. We work with our large customer base and continued investment in R&D to look for new ways to innovate in learning management.”
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (NASDAQ: SUMT) is a global provider of learning, performance and talent management solutions. SumTotal deploys mission-critical solutions designed to 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, ResultsonDemand, and SumTotal Enterprise Suite 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, results and performance of SumTotal's products and solutions, such as ResultsOnDemand. These statements represent SumTotal's expectations or beliefs concerning future 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 solutions, including without limitation ResultsOnDemand; (ii) the acceptance of SumTotal's software suite and future product offerings; (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; (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 the company's annual report for fiscal year 2006 on Form 10-K filed on March 16, 2007, its quarterly report on Form 10-Q filed on November 8, 2007, its Prospectus Supplement filed on Form 424B2 filed on May 21, 2007, Form S-3/As filed on September 28, 2006, and October 2, 2006, and its Form 8-Ks. The forward-looking statements contained in this release are made as the date of this news release, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release.