January 7, 2012
- Cloud billings grew 89% year-over-year
- Cloud deferred revenue grew 113% year-over-year
- Cloud revenue grew 64% year-over-year
- Subscription revenue grew 23% year-over-year; representing 63% of total revenues
- Subscription gross margin expanded to 77%
- Total deferred revenue increased 33% year-over-year to $47.3 million
HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ: SABA), the premier People Cloud provider, today reported financial results for its second quarter ended November 30, 2011.
“With cloud billings growing over 80% for the second straight quarter, we believe we have emerged as one of the fastest growing public cloud businesses,” said Bobby Yazdani, Founder and CEO, Saba. “We signed twice as many one million dollar deals this quarter as we did last quarter, and in the second quarter alone, we added over one million subscribers to the Saba People Cloud.”
Results for the Second Quarter Fiscal Year 2012
Revenues: Total GAAP revenues were $30.4 million in the second quarter of fiscal year 2012, up 4% from $29.2 million in the same quarter last year. Total non-GAAP revenues in the second quarter of fiscal year 2012 were $30.6 million, up 5%, compared to $29.2 million in the same quarter last year. On a GAAP basis, cloud revenues in the second quarter increased 64% to $9.7 million from $5.9 million in the same quarter of the prior year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.
Deferred Revenue: Total deferred revenue was $47.3 million at the end of the second quarter of fiscal year 2012, up 33% year-over-year. Deferred revenue from cloud subscriptions grew 113% year-over-year to $23.8 million at the end of the second quarter.
Earnings (Loss) per Share: GAAP loss per share was $0.16 in the second quarter of fiscal year 2012 compared to a loss per share of $0.03 in the same period last year. Non-GAAP loss per share was $0.10 in the second quarter of fiscal year 2012 compared to earnings per share of $0.02 in the second quarter of the last fiscal year.
Our non-GAAP results are calculated by adjusting GAAP results for the impact of certain items including (i) non-cash amortization of intangibles, (ii) non-cash share-based compensation expenses, (iii) non-operating reorganization costs, (iv) the impact to revenue of fair value adjustments to deferred revenue due to acquisitions and (v) other acquisition related costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.
Cash: Cash used in operations was $4.4 million in the second quarter of fiscal year 2012, and cash and cash equivalents at November 30, 2011 were $15.0 million. Saba typically uses cash in the first half of the fiscal year and generates positive cash flow in the second half of the fiscal year due to strong subscription renewals in the third and fourth quarters.
Key Business Highlights: Saba added 29 new enterprise customers in the quarter including Vodafone, Royal Dutch Shell, ANZ Bank, Weight Watchers, and National Multiple Sclerosis Society.
During the quarter, Saba established a strategic partnership with Workday where Saba People Cloud solutions will be tightly integrated with Workday HCM. Saba also formed a cross-selling relationship with Kronos. Saba’s industry-leading learning and talent management solutions will be combined with Kronos® recruiting and workforce management suite to offer an end-to-end solution to support the entire hourly employee life cycle.
Business Outlook
The following statements are based on current expectations as of the date of this release. These statements are forward-looking, and actual results may differ materially. Saba does not undertake any obligations to update these forward-looking statements.
For fiscal year 2012, ending May 31, 2012, Saba reiterates its forecast of total GAAP revenues to be in the range of $130 million to $133 million and total billings to grow in the range of 16% to 18% in fiscal year 2012 over fiscal year 2011.
Since the Company has successfully transformed to a cloud business, Saba is introducing guidance for cloud billings for fiscal year 2012. Management believes this key metric better reflects the core growth of the company. Saba forecasts cloud billings to grow in excess of 60% in fiscal year 2012 over fiscal year 2011.
The Company also reiterates its forecast for GAAP net loss to range from $0.39 to $0.45 per share and non-GAAP net loss to range from $0.17 to $0.23 per share. Saba also confirms that it expects to return to non-GAAP profitability in the second half of fiscal year 2012.
Fiscal year 2012 non-GAAP outlook excludes certain items including non-cash amortization of intangibles, non-cash stock-based compensation expenses, the impact to revenue of fair value adjustments to deferred revenue due to acquisitions, other acquisition related costs and non-operating reorganization costs.
For more information on Saba, please visit www.saba.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
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Posted by mattlafata
January 6, 2012
The Foundation works with 11 education non-profits, schools and school districts to help improve teacher performance and drive student achievement
HRchitect featured Cornerstone OnDemand in our first release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009 and again on December 8, 2011. HRchitect attended and sponsored Cornerstone’s user conference in 2009 and 2010.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
The Cornerstone OnDemand Foundation, which helps to provide non-profits with talent management software and services for managing their people and increasing their impact in the communities they serve, today announced it now has 11 education non-profits, schools and school districts participating in its Strategic Partnership Program. Program participants are awarded a two-year contract to receive Cornerstone OnDemand’s (NASDAQ: CSOD) learning and talent management software, as well as consulting services, at no cost.
The Foundation works closely with education organizations to help them improve teacher and administrator performance – and, in turn, help students succeed in the classroom – through the use of learning, performance and talent management tools and best practices. This includes New Leaders, one of the Foundation’s inaugural participants in the program. New Leaders works to ensure high academic achievement for every student by developing transformational school leaders and advancing the policies and practices that allow great leaders to succeed.
“We believe if we can become more effective as an organization, we will be even more successful at developing school leaders who can transform our underperforming schools and raise student achievement,” said Chip Ross, executive director, people development and human resources for New Leaders. “Cornerstone’s software and support have been transformative because they give us the ability to train, develop and manage our employee population in a way that we’ve never had the ability to do before. Through our close collaboration with the Foundation’s team, we were able to really think through our talent strategy in order to be even more effective in delivering on our mission of high academic achievement for all students.”
Other education organizations participating in the Cornerstone OnDemand Foundation’s Strategic Partnership Program include Big Brothers Big Sisters Lone Star; Boys & Girls Club of America; Building Educated Leaders for Life (BELL); California Community Foundation; Citizens Schools; Friendship Public Charter School; Jumpstart; KIPP; The New Teacher Project; San Francisco Unified School District; and Teach for America.
“The growth of metrics-driven charter schools, combined with the Obama Administration’s focus on accountability, are causing more K-12 educators to seek out better ways for improving and demonstrating teacher effectiveness,” said Julie Brandt, executive director of the Cornerstone OnDemand Foundation. “Talent management is a relatively new conversation in the education sector, given that schools have not traditionally had the resources to invest in or apply these types of technologies and strategies. But when used properly, they can help empower teachers and administrators to be excellent at what they do.”
Since launching in 2009, the Foundation has welcomed a total of 26 non-profits to the Strategic Partnership Program. This includes U.S. and international organizations with an emphasis on education, workforce development and disaster relief, which are the three focus areas of the Foundation. In addition to the Strategic Partnership Program, Cornerstone’s software and services are available to all non-profits at significant discounts.
For more information on Cornerstone OnDemand, please visit www.cornerstoneondemand.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
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Posted by mattlafata
December 7, 2011
Special Offer Provides Access to the Saba People Cloud to Leverage an Organization’s Most Valuable Competitive Advantage — Its People
HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ: SABA), the premier People Cloud provider, today announced a learning management exchange program for qualified SuccessFactors learning customers (formerly Plateau). Available now, this offer is designed to give SuccessFactors customers the opportunity to switch, risk-free, to the Saba People Cloud platform, which includes its award-winning Saba Learning Management application. Saba delivers seamless blended learning in the industry’s only unified People Cloud platform to help organizations transform the way they work, thereby driving productivity to the extended enterprise, achieving greater compliance, mitigating risk, shortening time to productivity, and accelerating the pace of innovation.
Qualified SuccessFactors customers with active contracts will be entitled to a significant discount of Saba’s People Cloud platform, including equivalent subscription contracts at no charge for up to one year. Additionally, Saba will include Saba Centra Real-Time Collaboration and Saba Social with these exchanges at no additional charge for up to one year. Migration programs, tools, and special services packages will also be available to reduce the time, expense and risk of moving to the Saba People Cloud platform. With enterprise social networking, informal learning and real-time collaboration all in one unified platform, organizations can improve ROI, enhance engagement, and cultivate a true talent development culture. This exchange program is in effect and available immediately; qualified SuccessFactors customers will have until May 31, 2012 to take advantage of this special Saba offer.
“Saba continues to focus on delivering exceptional customer success, as well as an innovative and compelling product roadmap, which is aligned with our vision to enable organizations to transform the workplace for competitive advantage,” said Karen Steele, senior vice president corporate marketing, Saba. “Through this learning management exchange program, we are making it easy for organizations to improve how all of their people learn, grow and meet the challenges of a new world of work.”
The Saba People Cloud
The Saba People Cloud is a unified, people-centric and social platform designed to transform the way people work. Saba People Cloud Applications include Learning Management, Talent Management, Enterprise Social Networking and Real-Time Collaboration, all of which help organizations become more competitive through increased visibility, speed and agility. The Saba People Cloud is highly scalable and interoperable with HRIS, financial, and ERP systems. Additionally, the platform is built to help organizations and their people be more competitive by enabling:
- Global and local scale to the level, reach and complexity customers need from a single, open platform
- Prescriptive analyses of past behaviours, training and performance for actionable insights
- Always on, always accessible collaborative environment designed to work across the entire people network to ensure access to everyone in the entire value chain anytime, anywhere and from any device.
Market Leading Learning Solution
Saba Learning Management provides unique capabilities to support sophisticated extended enterprise learning. With its mobile and social learning capabilities, it allows employees, customers and partners to rapidly connect, share, and retain the knowledge. Saba has received numerous accolades for its Learning Management Application, including:
For more information on Saba, please visit www.saba.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, please visit www.HRchitect.com
Matt Lafata, HRchitect
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Posted by mattlafata
December 3, 2011
HRchitect featured SumTotal Systems in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. SumTotal Systems appeared on the HRchitect WebMingle on May 1, 2009. SumTotal Systems also competed in the HRchitect Beauty Pageant on Employee Performance Management Systems in February 2009, where they were crowned the winner. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 2009.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
SumTotal® Systems, Inc., the innovator in strategic Human Capital Management (HCM) solutions, recently announced the appointment of David Osborne to Senior Vice President of Professional Services at SumTotal, overseeing worldwide services of all strategic Human Capital Management solutions for customers.
“SumTotal is on the cutting edge, not only in advanced end-to-end HCM technology, but also in how it services and supports its customers,” Osborne said. “It’s exciting to have a role at a leading organization that truly recognizes the value and importance of genuine customer satisfaction. I’m looking forward to the opportunities ahead as SumTotal continues to innovative and advance the overall customer experience in strategic HCM solutions.”
Osborne brings over 17 years of professional services experience, including managing large worldwide workforces, profit & loss management, account management, and global operations. He joins SumTotal from Lawson Software, where he served in senior global management roles and was responsible for running delivery operations for Lawson’s Enterprise Resource Planning and Human Capital Management products and Application Managed Services (AMS).
“David joins the SumTotal team at a critical juncture in our growth, as we further advance our customer experience and deliver even greater value for our global customers,” said CEO John Borgerding. “We’re thrilled to have David at the helm of Professional Services and helping to ensure our customers know that with SumTotal they’re not just getting a software solution – they’re getting a partner in strategic HCM.”
For more information about SumTotal, visit the company’s website at www.sumtotalsystems.com.
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: David Osborne, HCM, HR Systems, HR Technology, HRchitect, Lawson, Learning Management, Matt Lafata, SumTotal Systems, Talent Management | Permalink
Posted by mattlafata
December 3, 2011
Creates Global Cloud Leader with World-Class Applications, Technology and Expertise; Gains Immediate Scale and Momentum in Fast-Growing Cloud-based Human Capital Management Segment
HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Matt Lafata and Tiffany Appleby from HRchitect attended and sponsored the SuccessConnect event in San Francisco in May 2011 and the Insights event in San Diego in Oct 2011.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
SAP AG (NYSE: SAP) and SuccessFactors, Inc. (NYSE: SFSF) today announced that SAP’s subsidiary, SAP America., Inc., has entered into a definitive merger agreement with SuccessFactors, the market-leading provider of cloud-based human capital management (HCM) solutions, pursuant to which a subsidiary of SAP would offer to acquire all outstanding shares of common stock of SuccessFactors for $40.00/per share in cash, representing an enterprise value of approximately $3.4 billion. The acquisition will add SuccessFactors’ widely respected team and technology to SAP’s powerful cloud assets, significantly accelerating SAP’s momentum as a provider of cloud applications, platforms and infrastructure. The combination of SAP and SuccessFactors will establish an advanced end-to-end offering of cloud and on-premise solutions for managing all relevant business processes.
The SuccessFactors board of directors has unanimously approved the transaction. The per share purchase price represents a 52% premium both over the December 2nd closing price and the one month volume weighted average price per share. The transaction will be funded from SAP’s cash on hand and a €1 billion term loan facility. The closing of the tender offer is conditioned on SuccessFactors stockholders tendering at least a majority of the outstanding shares of SuccessFactors common stock (on a fully diluted basis) and clearances by relevant regulatory authorities. The transaction is expected to close in the first quarter of 2012 and be slightly dilutive to SAP’s Non-IFRS earnings per share in 2012 and accretive in subsequent years.
The acquisition marks another stride in SAP’s strategy of delivering solutions on premise, in the cloud and on mobile devices. It builds on a series of strategic moves in SAP’s targeted growth areas to drive innovation in its core applications and analytics; introduce breakthrough in memory technology; establish leadership in enterprise mobility; and grow its cloud portfolio. SuccessFactors’ solutions are highly complementary to SAP’s core HCM offerings as well as SAP’s strong cloud assets: SAP Business ByDesign for the suite cloud market and SAP’s line of business cloud offerings for large enterprises such as SAP Sales on Demand.
“The cloud is a core of SAP’s future growth, and the combination of SuccessFactors’ leadership team and technology with SAP will create a cloud powerhouse. The acquisition will help us address the top priority for CEOs globally – managing people and talent,” said Bill McDermott, Co-CEO, SAP. ”Together, SAP and SuccessFactors will create tremendous business value for customers, with potent synergies to accelerate our growth in the cloud.”
“The depth and experience that SAP brings to customers via our cloud and on-premise portfolio fit elegantly with SuccessFactors’ world-class expertise in providing high-performing, low-cost, native cloud applications that customers are passionate about,” said Jim Hagemann Snabe, Co-CEO, SAP. “Together, we will lead the industry in providing end-to-end solutions consistently to meet any deployment preference, whether on premise, in the cloud or on device.”
“This is a revolutionary combination of proven capabilities that will allow SuccessFactors to accelerate our roadmap by 10 years, and bring the world’s leading application knowledge and intellectual property to our customers through the cloud, and the largest applications customer base instantly,” said Lars Dalgaard, Founder and CEO, SuccessFactors. “Expanding relationships with SAP’s 176,000 customers with our speed to value, friendly user interface, on mobile devices and the web, and seamlessly delivering more SAP solutions in the cloud will be legendary, as organizations adopt the cloud to improve their business. SuccessFactors has proven we have the technology and people to deliver the world’s biggest cloud deployments in terms of users and countries per customer, and also the most applications per customer from the same flexible scalable cloud platform. The business world is ready for enterprise-class cloud applications and together, we can deliver incredible new innovation for global businesses.”
SuccessFactors is believed to operate the largest scale of paying cloud users with 15 million subscription seats. With more than 3,500 customers in 168 countries, SuccessFactors is growing rapidly, recording 77 percent revenue growth year-over-year in the third quarter 2011 and 59 percent revenue growth year-over-year in the first nine months of 2011. SuccessFactors’ scalable cloud application platform supports organizations of all sizes from dozens to millions of users. With proven deployments in SAP environments at companies in diverse industries, the combination of SuccessFactors and SAP holds significant growth potential considering the more than 500 million employees of SAP customers and its 15,000 HCM deployments.
With headquarters in San Mateo, California, and more than 1,450 employees, the SuccessFactors team is widely regarded for creating innovative technology, generating more than 80 percent of new sales from applications that did not exist five years ago, and as one of the fastest growing leaders in cloud applications. Upon completion of the transaction, the CEO of SuccessFactors, Lars Dalgaard, will lead the cloud business of SAP in addition to his responsibility as CEO of SuccessFactors. SuccessFactors will remain independent and be named “SuccessFactors, an SAP company”. The chairman of SAP’s supervisory board, Hasso Plattner, recommended that Lars Dalgaard be appointed to the executive board of SAP AG.
SAP and SuccessFactors Customers to Benefit from Combined Application and Technology Footprint
- The combination of SuccessFactors and SAP will create a comprehensive HCM solution, marrying strength in enterprise applications with people-focused cloud applications.
- SuccessFactors’ complementary solutions will be an attractive option for more than 500 million employees of SAP customers.
- SuccessFactors’ applications are designed for businesses of all sizes, and offer easily adopted solutions for customers of SAP Business Suite, SAP Business ByDesign, SAP Business All-in-One, and SAP Business One.
- SuccessFactors’ cloud expertise and know how, rapid cloud innovation and proven success running large scale cloud deployments will help SAP customers more rapidly adopt cloud applications.
- SuccessFactors’ mobile applications combined with the mobile expertise of SAP and Sybase will offer customers a powerful business-to-employee mobility portfolio.
- SuccessFactors’ focus on enabling business insight and execution fits well with SAP’s business analytics platform, promising new levels of real time decision making across the enterprise.
For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HR Systems, HR Technology, HRchitect, HRIS, HRMS, Learning Management, Matt Lafata, payroll, Plateau, SAP, SuccessFactors, Talent Management | Permalink
Posted by mattlafata
December 3, 2011
Cornerstone’s talent management SaaS solution will be available in conjunction with Sage’s core HR and payment functionality to provide a complete set of HR tools for SMBs
HRchitect featured Cornerstone OnDemand in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009 and will appear again on December 8, 2011. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Learning and talent management software provider Cornerstone OnDemand (NASDAQ: CSOD) and Sage North America, a leading provider of business management software and services, recently announced that the companies have signed a reseller agreement. Sage North America, which supports 3.2 million small and midsized business customers in the U.S. and Canada, will resell Cornerstone’s comprehensive, SaaS-based solution in conjunction with its Sage Employer Solutions line of HR management tools.
“Not only are small and midsized businesses showing increased interest in taking an integrated approach to learning and talent management, they also are wanting to invest in cloud solutions to support their efforts,” said David Somers, vice president of alliances and strategy for Cornerstone OnDemand. “Our reseller relationship with Sage North America will help Cornerstone to further expand the availability of our comprehensive SaaS solution and meet this growing need among SMBs. Sage North America has strong brand recognition among small and midsized organizations and has been extremely successful selling HR products to this segment.”
Cornerstone’s award-winning integrated talent management suite includes functionality for learning management, performance management, enterprise social networking and extended enterprise engagement. Bringing together these offerings with Sage Employer Solutions’ core HR and payroll functionality will allow Sage to provide a complete set of HR management tools for small and midsized organizations to easily manage people throughout the typical employee lifecycle.
“If you invest in your employees to get them better engaged, it can have significant business benefits, such as boosted productivity, higher profitability or increased customer satisfaction,” said Johnny Laurent, vice president and general manager for Sage Employer Solutions. “Combining Cornerstone’s talent management software with our core HR and payroll functionality allows us to offer a total HR solution for the SMB market. Because Cornerstone’s SaaS solution is organically developed, our customers will be able to enjoy a truly integrated solution versus one that consists of different systems cobbled together.”
For more information on Cornerstone OnDemand, please visit www.cornerstoneondemand.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Cornerstone OnDemand, HR Systems, HR Technology, HRchitect, HRIS, HRMS, Learning Management, Matt Lafata, payroll, Sage, Talent Management | Permalink
Posted by mattlafata
December 1, 2011
Enterprises Adopt Saba’s Award-Winning People Cloud Applications to Mobilize Their People Networks for Increased Visibility, Speed and Agility
HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ:SABA), the premier People Cloud provider, today announced that customers, including Allina Hospitals and Clinics, IHG (InterContinental Hotels Group) and SMART Technologies, are adopting Saba People Cloud Applications to collaborate across their extended enterprises. Saba People Cloud Applications include Learning Management, Talent Management, Enterprise Social Networking and Real-Time Collaboration, all of which help organizations become more competitive through increased visibility, speed, and agility.
“Today’s businesses are being driven to find ways to remain competitive and embrace social computing across their people networks as their workforce, suppliers, distributors, and customers become more globally dispersed,” said Bobby Yazdani, founder and CEO, Saba. “In response, we are helping organizations embrace this change and transform the way they collaborate and work. Our approach is working as more companies are adopting Saba People Cloud Applications across the extended enterprise to increase the speed of business, improve visibility, and become more adaptable.”
“There is a need in the marketplace for vendors to provide solutions with broad and deep learning management, talent management and social capabilities to support knowledge sharing and visibility across the entire people value chain. This evolved culture of knowledge sharing promotes learning and trust, and fosters agility and speed of business initiatives among employees, suppliers, customers and partners,” added Mark Smith, CEO and Chief Research Officer, Ventana Research.
The success of Saba’s customers coincides with the rapid adoption of social computing, which is becoming critical to the modern day workplace. Forrester predicted in their report, “The Next Frontier for Enterprise Social” that by the end of this year more than half of enterprises in the US and Europe will have enterprise social technologies deployed.”
Customer Highlights
Allina Hospitals and Clinics: As the largest health system in Minnesota, Allina Hospitals and Clinics aims to connect both internal and external users to important organizational events and collaborative online classes. Through Allina’s learning management system (LMS), powered by Saba Learning Management and Saba Collaboration, 24,000 employees, 5,000 physicians and 2,500 volunteers can set up and manage their own communities; participate in discussions; post and answer questions; and share in the collaborative creation of content, encouraging informal learning within the employee base.
IHG (InterContinental Hotels Group): IHG uses Saba applications to enable enterprise-wide success in employee learning and development. IHG’s global LMS is the system of record for employees to access standardized information worldwide at all IHG hotels. In addition, IHG’s e-learning, virtual instructor-led classroom, talent management and collaboration processes are all rooted in Saba applications, allowing IHG employees to work together across a number of regions and keep aligned with corporate messaging.
SMART Technologies: The Saba People Cloud has enabled SMART Technologies to provide expanded and enhanced training to a growing global community of 40,000 educators, businesspeople, sales partners and employees in the use of SMART Board™ interactive whiteboards and other technology-enabled learning and collaboration solutions. Each month, SMART Technologies receives 10,000 course registrations for its interactive, online learning courses. “With Saba People Cloud Applications, we can conduct needs assessments and direct users to recommended learning paths leading to credentials for educators, as well as certifications for business people,” said Wayne Williams, manager of learning systems for SMART Technologies.
For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: HRchitect, Learning Management, Matt Lafata, people cloud, Saba, Social, Talent Management | Permalink
Posted by mattlafata
October 31, 2011
Companies Create a Unified Experience for Organizations that Closely Align Learning and Development with Broader Human Capital Management Initiatives in the Cloud
HRchitect featured Cornerstone OnDemand in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Learning and talent management software provider Cornerstone OnDemand (NASDAQ: CSOD) announced recently that it has collaborated with Workday Inc., the leader in SaaS-based enterprise solutions for human resources, payroll and financial management, to enable integration between the Cornerstone Learning Cloud and Workday Human Capital Management (HCM).
Customers of Cornerstone OnDemand and Workday will be able to use this cloud-to-cloud integration at no added cost, and without the need for custom development or additional middleware or servers. The jointly designed and developed integration will bring worker, organizational and talent information to and from Workday Human Capital Management and the Cornerstone Learning Cloud. This will enable customers to leverage their investments in each solution and bring together the key information employees, managers and executives need to have in one place.
“The Cornerstone and Workday integration creates a truly unified experience for organizations that want to align learning with their broader human capital and talent management initiatives,” said David Somers, vice president of alliances and strategy for Cornerstone OnDemand. “The close collaboration among our product teams ensures that organizations are now able to seamlessly share relevant data among the systems, such as competencies, and transcripts and certifications, and, in turn, more effectively develop their workforces.”
“Companies want to integrate training and development with their core human capital management system of record without the inconvenience of disjointed systems,” said Leighanne Levensaler, vice president of HCM Strategy at Workday. “With this collaboration, customers that use Workday and Cornerstone can benefit from a seamless integration that unites their core system of record with learning management solutions.”
The Cornerstone Learning Cloud, with features for e-learning, instructor-led training administration, compliance management, enterprise social networking and more, has been recognized as a leading solution by industry analyst firms such as IDC and Forrester Research. Earlier this year, Cornerstone also was positioned by Gartner Inc. in the “Leaders Quadrant” of the 2011 Gartner Magic Quadrant for Corporate Learning Systems report.
For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Cornerstone OnDemand, HR Systems, HRchitect, HRIS, HRMS, Learning Management, Matt Lafata, payroll, Talent Management, Workday | Permalink
Posted by mattlafata
October 26, 2011
Industry Leaders Align to Provide Award-Winning Solutions to Enable a Transformative Workplace
HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ:SABA), the premier People Cloud provider, today announced at Workday Rising 2011 that it has established a new partnership with Workday, a leader in SaaS-based enterprise solutions for global human capital, payroll and financial management, to provide enterprise-class learning and human capital management (HCM) solutions to joint customers in the cloud. Saba’s leading learning management solutions, delivered via the Saba People Cloud, will be tightly integrated with Workday HCM.
The two organizations’ complementary solutions will provide customers a broad portfolio of human capital management and enterprise learning solutions to drive business impact.
In addition, Saba will use Workday Studio, a powerful development tool that builds sophisticated and highly customizable integrations to and from Workday. Using Workday Studio, a component of Workday’s Integration Cloud, joint customers will be able to reduce cost of integration and speed time to deployments.
Supporting Quotes
“Our customers look for strong integration with best-in-class cloud business applications that deliver greater productivity for their people,” said Jeff Carr, president, global field operations. “We’re very excited about this partnership with Workday, as it will allow Saba and Workday to provide significant value to our joint customers around the globe by delivering an integrated and unique customer experience.”
“We are pleased to have Saba join the Workday ecosystem and leverage the Workday Integration Cloud,” said Jeff Pulver, Workday’s vice president, business development. “Many of Workday’s customers are looking for an integrated HCM and learning solution and Saba has a great track record of success.”
For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: HRchitect, HRIS, HRMS, Human Capital Management, Learning Management, Matt Lafata, payroll, People Management, Saba, Talent Management, Workday | Permalink
Posted by mattlafata
October 19, 2011
ELEMENT K COMPLEMENTS SKILLSOFT’S CAPABILITIES FOR SERVING THE GLOBAL CORPORATE TRAINING MARKET
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
SSI Investments II Limited (the “Company”), a parent company of SkillSoft Limited (formerly SkillSoft PLC) (“SkillSoft”), a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small- to medium-sized businesses, today announced that its indirect subsidiaries, SkillSoft Corporation and SkillSoft Ireland Limited (the “Buyers”) have acquired the Element K business from NIIT Ventures, Inc., a subsidiary of NIIT Limited. Under the terms of the agreement, pursuant to which the transactions contemplated by the agreement closed effective today, the Element K business was acquired for $110 million in cash, subject to adjustments.
The acquisition adds to SkillSoft’s existing offerings in learning content and learning platform technology through the addition of Element K’s complementary offerings in e-learning content, virtual labs, ILT print materials and custom development services. Also, the addition of Element K employees in sales, customer support and product development strengthens SkillSoft’s long-term ability to compete for a greater share of the $48 billion global corporate training market that includes many larger players with more comprehensive product offerings.
“As our enterprise customer organizations are increasingly connecting their learning strategies to their overall business objectives, we find those organizations looking for a greater range of products and services. Our enterprise customers have many choices of suppliers to meet their ever-expanding needs, and we continuously look for ways to expand our capabilities to sustain and increase our competitiveness,” said Chuck Moran, CEO of SkillSoft. “The acquisition will immediately bring a wider range of solutions to the customers of both SkillSoft and Element K. In addition, by combining the two organizations we will be able to expand our investments in the technology, service and content solutions delivered to customers. This is key to increasing our ability to compete with the many larger players in the global corporate training market.”
Element K offers many of the same financial and operating characteristics as SkillSoft’s business model, including an annual recurring subscription-based licensing model for access to its learning resources library, a direct sales force distribution system complemented by resellers and telesales support, and a Global 2000 client base offering visibility through multi-year contracts. As a result, over time the acquisition is expected to support both SkillSoft’s revenue predictability and growth.
Morgan Stanley and Barclays Capital acted as financial advisors to SkillSoft on the transaction. Ropes & Gray and WilmerHale provided legal counsel to SkillSoft on the transaction.
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: Element K, HR Systems, HR Technology, HRchitect, Learning Management, LMS, Matt Lafata, SkillSoft, Talent Management | Permalink
Posted by mattlafata
October 18, 2011
Learning solution combines new social and analytics functionality with best-in-class LMS to create unmatched learning capabilities
HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Matt Lafata and Tiffany Appleby from HRchitect attended and sponsored the SuccessConnect event in San Francisco in May 2011.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Today, SuccessFactors, Inc., (NYSE: SFSF), the global leader in cloud-based business execution software, announced that SuccessFactors has delivered on its commitment to make Learning an integral part of the SuccessFactors Business Execution Suite (BizX), providing customers a unified user experience with single sign-on and combined data and reporting. SuccessFactors now delivers an unmatched set of learning capabilities in the cloud, including: formal, social/informal, content management and analytics to help improve employee skills, ensure corporate compliance and align organizational objectives.
SuccessFactors Learning combines a best-in-class Learning Management System (LMS) with unmatched capabilities, including:
Powerful Learning Metrics & Analysis: SuccessFactors Learning provides customers with innovative and comprehensive reporting and analytics that help drive better business outcomes and give HR and learning leaders authoritative insight about the state of their talent and talent development initiatives. Beyond traditional learning metrics, such as course completions, SuccessFactors Learning Metrics & Analytics helps ensure corporate learning and development professionals can answer the tough questions such as:
What’s the performance of employees in learning programs versus those not enrolled?
Is there a correlation between the percent of all learning costs and firm profitability?
Innovative Social Learning powered by SuccessFactors Jam – The award-winning SuccessFactors Social Learning brings a Facebook- and YouTube-like experience to corporate learning, making it easy for anyone in the organization to share their expertise, connect with communities, and quickly find the information they need to get things done online or on a mobile device. Social Learning can increase learning adoption, decrease time to performance and helps lower learning costs while increasing employee performance. Social Learning is directly integrated with the formal LMS allowing users to easily find content through one connected search across formal and informal content to find the best resources to sharpen their skills.
Unique ‘Content-as-a-Service’ (CaaS) – SuccessFactors iContent uniquely provides content distribution and management in the cloud, as a service, taking the headache and hassle out of managing digital learning assets, from online courseware to on-demand presentations and video, and provides learners with reliable, high-quality on-demand access to both off-the-shelf and custom content.
“Following the successful acquisition of Plateau, we’re excited and pleased to announce that we’ve delivered SuccessFactors Learning as part of the BizX suite, with integration that provides an integrated end user experience. But we didn’t stop there — we’ve also added powerful, unique capabilities to our learning solution such as Social Learning, powered by SuccessFactors Jam, and new Learning Metrics & Analytics,” said Jeff Kristick, vice president of global product marketing, SuccessFactors. “As we move forward, we’ll continue to add enhancements across the board, with new capabilities, and by improving the role of learning in the talent management processes within the BizX suite.”
For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Analytics, BizX, HRchitect, Jeff Kristick, Learning Management, LMS, Matt Lafata, metrics, Plateau, SuccessFactors, Talent Management | Permalink
Posted by mattlafata
October 12, 2011
With 23+ Million Worldwide Users, Saba Continues to Add Key Enhancements to Its People Cloud Applications to Meet Growing Global Demand
HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ:SABA), the premier People Cloud provider, today announced continued momentum in the EMEA region during its first quarter of fiscal year 2012, which ended August 31, 2011. Milestones achieved in the quarter in EMEA included increased adoption of Saba solutions, new alliance partnerships, and the opening of two new offices. Saba also enhanced product capabilities across Saba’s suite of People Cloud applications and increased the number of worldwide users to 23 million, as organizations increasingly turn to Saba to better leverage their most important assets — their people and people networks.
According to PwC’s 14th Annual Global CEO Survey, organizations are increasingly realizing that despite high unemployment in mature markets like the United States and Western Europe, there are still major skills shortages around the world. Simultaneously, in high-growth markets like China, Brazil, and India, there is fierce competition for a limited pool of top talent. This means that organizations cannot rely on recruiting and hiring from the outside and must be much smarter about internal talent reviews, calibration, learning, knowledge sharing, and mobility.
“Retaining and nurturing the best people and focusing on people as the core strategy are critical in today’s competitive market,” said Bobby Yazdani, CEO and founder of Saba. “We are enabling our customers to cultivate a knowledge-sharing and learning culture to address global challenges of hyper-competition, workforce complexity, and shorter product life cycles. Our rapid customer adoption in EMEA is validation that our strategy is working, as we begin to realize our vision for the industry’s first, unified People Cloud offering that enables organizations to become transformative, smarter, and more adaptable to the changing world of work.”
Significant Customer and Partner Growth
Over the past six months Saba has witnessed rapid adoption of its People Cloud applications across EMEA, adding new customers and partners, as well as seeing increased adoption of its broad solution set by existing customers.
- New customers include organizations such as Apollo-Optik (Germany’s leading optician); Axel Springer AG, Lancashire County Council, Landesamt fur Finanzen, Metro Ag, PKO Bank Polski (Poland’s largest bank), and Springer Medicine (the leading CME-Academy provider)
- Saba also announced an important new partnership with British Telecom to provide a fully managed people management solution as part of BT Learning Solutions.
“We chose Saba People Cloud Applications because it is on a unified platform for learning and development, performance appraisal, and talent management. In the future, we will be able to train our workforce more comprehensively and offer them more opportunities for personal development,” said Erich Ehbauer, CIO, Apollo-Optik. “We also wish to continually optimize our customer service, which will give us a strategic edge. Saba People Cloud Applications are highly scalable and internationally available. We can use the applications easily and flexibly in our franchises.”
“Saba provides us with an enterprise-scale solution based on a holistic vision around people management. They offer a solution that is organically built, providing a truly unified experience across all people processes, infused with collaboration and enterprise social networking capabilities,” said Sundar Balasubramanian, director of BT Learning Solutions. “We have implemented various Learning Management Systems previously and have in-depth knowledge of the various technologies in this space. We were looking for a modular platform that can grow with the needs of our customers without requiring significant investments in integration.”
New Offices
To meet growing demand, Saba has moved to new offices in Paris and Munich.
“As demand for our innovative People Cloud applications continues to increase, we have made significant investments in our sales and services teams to ensure we maximize our market coverage, whilst at the same time continuing to offer the highest levels of customer service,” said Phil Richardson, vice president of EMEA region, Saba.
For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: Bobby Yazdani, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learning Management, Matt Lafata, people cloud, Saba, Talent Management | Permalink
Posted by mattlafata
October 1, 2011
- Total quarterly billings up 18% with cloud billings growing 81% year-over-year
- Cloud revenue grew 59% year-over-year
- Subscription revenue up 26% year-over-year; representing 61% of total revenues
- Subscription revenue gross margin expanded to 77%
- Total deferred revenue increased 29% year-over-year to $43.9 million
HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ:SABA), the premier People Cloud provider, today reported financial results for its first quarter ended August 31, 2011.
“We started fiscal year 2012 with strong quarterly performance in billings and revenue growth, and gross margin expansion,” said Bobby Yazdani, Founder and CEO, Saba. “Our strength this quarter was broad-based across geographies and market segments — global enterprises, large enterprises, and mid-market enterprises. As we continue to make significant progress on our transition to the cloud, Saba is establishing itself as the vendor of choice and strategic partner to organizations seeking to transform the way their people network — employees, partners, customers, and franchisees — works, collaborates, and learns.”
Results for the First Quarter Fiscal Year 2012
Revenues: Total GAAP revenues were $30.6 million in the first quarter of fiscal year 2012, up 13% from $27.2 million in the same quarter last year. Total non-GAAP revenues in the first quarter of fiscal year 2012 were $30.9 million, up 14%, compared to $27.2 million in the same quarter last year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.
Deferred Revenue: Total deferred revenue was $43.8 million at the end of the first quarter of fiscal year 2012, up 29% year-over-year.
Earnings (Loss) per Share: GAAP loss per share was $0.20 in the first quarter of fiscal year 2012 compared to a loss per share of $0.06 in the same period last year. Non-GAAP loss per share was $0.12 in the first quarter of fiscal year 2012 compared to breakeven in the first quarter last fiscal year. First quarter fiscal year 2012 loss per share reflects increased levels of investment in operations for future growth.
Our non-GAAP results are calculated by adjusting GAAP results for the impact of certain items including (i) non-cash amortization of intangibles, (ii) non-cash share-based compensation expenses, (iii) non-operating reorganization costs, (iv) the impact to revenue of fair value adjustments to deferred revenue due to acquisitions and (v) other acquisition related costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.
Cash: Cash flow from operations was a usage of $3.4 million in the first quarter of fiscal year 2012, and cash and cash equivalents at August 31, 2011 were $20.8 million. Saba typically uses cash in the first half of the fiscal year and generates positive cash flow in the second half of the fiscal year due to strong subscription renewals in the third and fourth quarters.
Business Outlook
The following statements are based on current expectations as of the date of this release. These statements are forward-looking, and actual results may differ materially. Saba does not undertake any obligations to update these forward-looking statements.
For fiscal year 2012, ending May 31, 2012, Saba reiterates its forecast of total GAAP revenues to be in the range of $130 million to $133 million and total billings to grow in the range of 16% to 18% in fiscal year 2012 over fiscal year 2011.
The Company also reiterates its forecast for GAAP net loss to range from $0.39 to $0.45 per share and non-GAAP net loss to range from $0.17 to $0.23 per share. Saba also confirms that it expects to return to non-GAAP profitability in the second half of fiscal year 2012.
Fiscal year 2012 non-GAAP outlook excludes non-cash amortization of intangibles, non-cash stock-based compensation expenses, the impact to revenue of fair value adjustments to deferred revenue due to acquisitions, other acquisition-related costs and non-operating reorganization costs.
For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: Bobby Yazdani, HCM, HR Systems. HR Technology, HRchitect, Human Capital Management, Learning Management, Matt Lafata, Saba, Talent Management | Permalink
Posted by mattlafata
September 16, 2011
Interactive Program Supports a Vibrant Ecosystem for Saba Content Partners and Customers
HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Saba (NASDAQ:SABA), the premier People Cloud provider, today announced the Saba Content Connect Program, an innovative program that brings Saba partners and customers together in an interactive online community. Hosted within the Saba Online Community, the program facilitates customers’ discovery and connections with content partners in a social and real-time collaborative environment.
“Organizations around the globe are using the Saba People Cloud to build a transformative workplace that accelerates innovation and learning by tapping into social capabilities to engage and connect people and ideas,” said Jess Tan, VP of the Global Learning Ecosystem, Saba. “With this program, enabled on the Saba People Cloud, customers can leverage our strong content partner network to gain insight into new learning content, share best practices and participate in lively discussions, all of which helps our customers drive their organizational effectiveness.”
Using Saba People Cloud Applications, including enterprise social networking and real-time collaboration, customers can freely discover, view and directly engage with content partners best suited to meet their business needs. Customers can learn details about each content partner’s value proposition, unique content offerings and catalog of available courses. In addition, customers can collaborate with their peers and Saba’s subject matter experts, attend webinars on content-related topics, and participate in discussion threads, all within a safe and secure online environment.
Simultaneously, partners gain exposure to Saba’s global customer base through the interactive Saba Online Community to foster new relationships and promote content offerings, including custom and packaged content, training services and industry expertise. Additionally, the program highlights partners that have tested the interoperability of their solutions with the Saba People Cloud and verified compliance with industry standards.
The growing Content Connect community of partners includes:
- Accenture
- Allen Interactions
- Artifact Software
- Barnett International
- Brainshark
- Brookwood
- ClearPoint
- EBSCO Publishing
- Fabri Consulting
- GetAbstract
- General Physics (GP)
- IC Axon
- Intuition
- IHRDC
- Impact Solutions
- KESDEE
- Mahindra Satyam
- MindLeaders
- Neurika
- Outtakes Limited
- Rapid Learning Development
- Sistemas CBT
- SkillSoft
- Solunea
- ToolingU.com
- Tricore Interactive
- Turning Technologies
- Virtual Link Solutions
Supporting Quotes
“Great content is essential for any learning strategy to be successful,” said Mark Smith, CEO and Chief Research Officer, Ventana Research. “With a program like the Content Connect, organizations can truly find the best fit for their needs and use it to create a strong content development strategy and training programs.”
“In joining the Content Connect Program and teaming with Saba, a long-standing leader in the learning management market, our organization is able to offer our unique competency-based learning content to Saba’s global customer base and gain a broader reach to our target audience,” said Stratton Lloyd, SVP of Market Development and Customer Satisfaction, EBSCO Publishing.
“As a partner in the Content Connect Program, we aim to further leverage our 12-year relationship with Saba. The Content Connect Program provides an additional avenue for us to extend conversations with existing and new customers” said Paul Pearce, Director of Alliances, GP Worldwide. “Our organization provides custom and packaged content solutions that drive performance-based results for Saba’s customers. Together, we can deliver end-to-end talent and learning solutions that uniquely solve real-world business challenges for customers.”
For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Jess Tan, Learning Management, Mark Smith, Matt Lafata, People Management, Saba, Talent Management, Ventana | Permalink
Posted by mattlafata
August 19, 2011
40% Year Over Year Growth in Annual Recurring Revenue, Strong Customer Retention, Satisfaction and Product Innovation Mark Record Second Quarter of 2011 for Talent Management Leader
HRchitect featured Halogen Software in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Halogen Software today announced the close of the company’s best quarter on record. Halogen’s growth in annual recurring revenue has accelerated, moving to a 40 percent increase year over year at the end of Q2 2011. The quarter was also marked by a number of significant new customer wins in addition to strong customer retention rates. The company also introduced significant new product additions to its award winning talent management suite, and received industry and customer accolades for its market leadership and customer satisfaction.
Halogen’s growth in the quarter was highlighted by the addition of a number of organizations to its client roster from across the vertical market sectors where it maintains a strong foothold – healthcare, professional and financial services, manufacturing, education, hospitality and public sector. Just a few of these new clients include: The American Registry of Radiological Technologists, Penn-Mar Organization, Inc., i365 Inc., Municipal Employees Credit Union of Baltimore, Inc., County of Chester, MM Management Group, OHL International, First West Credit Union, and San Francisco General Hospital and Trauma Center. Growth outside North America was also noteworthy with the addition of well recognized international customers such as International Baccalaureate Organization, Plus One Minus One, and Live Payments Pty Ltd.
“We selected Halogen as our talent management provider because they clearly demonstrated a commitment to customer satisfaction with us from the start,” said Casey Quinn, Associate Director Employee Development, Municipal Employees Credit Union of Baltimore, Inc. “Not only do their solutions address our business needs for managing performance, and expanding our talent management capabilities to drive business results, but their people are clearly focused on being partners in our success.”
Also in the second quarter, Halogen Software launched Halogen eRecruitment™ at the SHRM Annual Conference, bringing to market the first applicant tracking system to fully bridge talent acquisition with all other talent management functions. Halogen’s soon to be released Talent Management Suite Version 11, which includes the Halogen eRecruitment module, makes it the first of the market leaders to deliver a complete, organically built solution. Halogen eRecruitment has received advanced praise by clients for this purpose-built link to all other talent functions.
“As a talent focused organization we are looking for a system that can communicate with the other talent management tools we use while enabling us to measure how new hires are performing,” says Lara Parker-Edson, HR Recruiter/Generalist, Hudson Health Plan. “We like that Halogen eRecruitment is designed to link to other Halogen products to provide quality of hire metrics that can be used to evaluate our hiring sources and ensure we take the most cost-effective approach.”
Other highlights from Halogen Software’s second quarter:
For more information on Halogen Software, please visit www.halogensoftware.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HR Systems, HR Technology, HRchitect, Learning Management, Matt Lafata, Performance, recruiting. Halogen, Talent Acquisition, Talent Management | Permalink
Posted by mattlafata
