Group items tagged

FOR IMMEDIATE RELEASE: SumTotal Closes Stellar Year with Continued Growth, Profitability, and Software Innovation Market Leader in Strategic Human Capital Management Positioned For Accelerated Growth in 2012 with Global Expansion and New Innovations GAINESVILLE, Fla., Feb. 6, 2012 - SumTotal® Systems, Inc., the innovator in Strategic Human Capital Management (HCM) solutions, today reported exceptional 2011 results with 90 percent overall booking growth and significant customer momentum across its global operations. SumTotal consistently accomplished positive expansion in bookings and new customer acquisition, and attributes this success to solid customer loyalty, operational efficiencies, and continued product advancement. The company achieved 110 percent booking growth in the second half of 2011, compared to same period the previous year, with 207 percent overall SaaS booking growth for the year as more customers joined SumTotal's Cloud offering. Recurring revenues were up 103 percent in the second half of 2011, and EBITDA grew 171 percent compared to previous year, representing 21 percent above plan. SumTotal has continued to develop a strong track record of operational excellence that has contributed to the company's impressive growth and profitability. Numerous new global customers joined SumTotal's fast-growing customer base including Gerber Life, Physicians Mutual, Young & Rubicam, Highmark, MD Physician Services, and Konica Minolta Business Technologies. In addition, SumTotal continued to innovate with numerous advancements for its flagship products and launched new capabilities in Mobile, Social Learning, Workforce Analytics, and end-to-end Talent Management. * Mobile: The fully rich media capable Mobile solution provides downloadable content for untethered support, as well as advanced tracking and reporting, and support for all mainstream devices and operating systems. * Social Learning: Improves knowledge retention across workfo

Making Knowledge Management Strategic

SumTotal® Systems, Inc., a leader in Strategic Human Capital Management (HCM) solutions, today announced the two newest members of its executive leadership team. Bill Shaheen, who recently served as Oracle's Group Vice President of HCM, joins as SumTotal's new Executive Vice President of Worldwide Sales. Holly Rollo joins as SumTotal's newly appointed Chief Marketing Officer, coming from SuccessFactors where she recently served as Vice President of Global Marketing. Both executives report directly to the CEO, John Borgerding, and serve on SumTotal's newly expanded executive leadership team, which includes its new CFO, Jeff Laborde, formerly from Goldman, Sachs & Co. who joined in late August. Shaheen comes to SumTotal with two decades of experience in driving sales growth in the software industry. In addition to his work at Oracle, he led the large-enterprise sales group at Taleo and held senior sales-management positions with Unicru and Requisite Technology. Shaheen said he was attracted to SumTotal, in part, due to the breadth of the company's portfolio of HCM solutions and the depth of its customer base, which make the company well-positioned for growth. "HR buyers want to align with a partner that is focused on human capital management solutions, and SumTotal is the largest independent, dedicated strategic HCM provider in the world," Shaheen said. "With more than 3,500 customers and 45 million users around the globe, SumTotal has a solid customer base and is continuing to expand its global footprint. Moving forward, we will continue to focus on customer success and delivering deeper levels of value across the board." Rollo brings more than 20 years of experience in developing marketing strategies and leading global growth for technology companies. Prior to her executive role at SuccessFactors, she held senior marketing roles at Cisco, SAP, Sybase, Veritas and IBM and has over ten years' experience in cloud-based computing. Rollo

SumTotal will be involved in three key events in Australia. The company is exhibiting at HRIZON, one of Australia's largest HR trade shows, on stand number 107A at the Melbourne Conference & Exhibition Centre. SumTotal will then host industry breakfast briefings in Melbourne and Sydney to discuss the latest HR and talent management trends, best practices, and how to create a successful mobile learning strategy. There will be interactive demonstrations and insight into utilising workforce analytics to create successful business strategies. Michael Guazzarotto from Future Knowledge, one of Australia's leading learning, technology and business transformation consultancies, will be the keynote speaker at these briefings. He is an industry expert with over 15 years of experience.