Halogen Software Closes Best Quarter on Record…from Halogen Software

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

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Saba Announces Fourth Quarter and Record Fiscal Year 2011 Results…from Saba

July 29, 2011

 

  • Record total bookings of $125.4 million in fiscal year 2011, up 13% year-over-year
  • Record deferred revenue of $45.8 million at the end of fiscal year 2011, up 24% year-over-year
  • Annual contract value of new SaaS bookings grew 276% in the fourth quarter of 2011 and grew 210% in fiscal year 2011 over the respective year ago periods
  • SaaS revenue grew 59% in the fourth quarter of fiscal year 2011 and 33% in fiscal year 2011 over the respective year ago periods
  • Added 153 new enterprise customers in fiscal year 2011; 40 in the fourth quarter

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 fourth quarter and fiscal year ended May 31, 2011.

“We grew our SaaS bookings 276% and SaaS revenue 59% in the fourth quarter of fiscal year 2011.  We now have one of the fastest growing SaaS businesses among public companies,” said Bobby Yazdani, Chairman and CEO of Saba.  “We signed four of the five largest transactions in our history during the fiscal year, with all four customers selecting Saba People Cloud Applications.  The transformation of our business to SaaS from license is well ahead of plan.  I want to take this opportunity to thank the Saba team for all their hard work and dedication, and congratulate them on their success in enabling Saba to become a world-class SaaS company.”

SaaS revenue steadily increased during fiscal year 2011, growing 8% in the first quarter, 19% in the second quarter, 42% in the third quarter, and 59% in the fourth quarter over the respective year-ago periods.  Nine of our 12 largest deals in the fourth quarter were for SaaS offerings.  The number of new SaaS transactions over $50,000 increased almost three-fold in fiscal year 2011 over fiscal year 2010. 

Results for the Fourth Quarter and Fiscal Year 2011

Revenues: Total GAAP revenues were $29.9 million in the fourth quarter of fiscal year 2011, up 1% from $29.6 million in the same quarter last year.  Total Non-GAAP revenues in the fourth quarter of fiscal year 2011 were $30.0 million, up 1%, compared to $29.6 million in the same quarter last year.  Non-GAAP revenues reflect the exclusion of the fair value adjustments to deferred revenue due to acquisitions.

For fiscal year 2011, total GAAP revenues increased to $116.7 million from $109.6 million in the year ago period.  Total Non-GAAP revenues for fiscal year 2011 increased 7% to $116.7 million from $109.6 million in the year ago period.

Deferred Revenue: Total Deferred revenue increased to a record $45.8 million at the end of the fourth quarter of 2011, growing 24% year-over-year and 8% sequentially.

Fourth Quarter Investments:  During the fourth quarter, we accelerated our investments in a number of key areas by approximately $2.0 million or $0.07 per share to support our fiscal year 2012 growth initiatives.  Areas of investment included:

Sales Force Expansion — added country managers in Canada, India, and China and continued expansion of sales capacity and management in existing and new markets

International Expansion — launched our operations in China and grew our operations in Latin America and Asia Pacific

Cloud Operations  – invested in our global cloud operations in preparation for the major release of our new People Cloud Applications which is planned for this Fall and invested in a number of new technological innovations that are planned to be released throughout fiscal year 2012.  We also added key executives to run our Cloud business including Shawn Farshchi as Executive Vice President and Chief Operating Officer and Daniel Lipkin, Vice President of Technology

Acquisitions — closed our acquisition of two leading testing and assessment software companies

Earnings (Loss) per Share: GAAP loss per share was $0.17 in the fourth quarter of fiscal year 2011 compared to fully diluted earnings per share of $0.03 in the same period last year.  Non-GAAP loss per share was $0.10 in the fourth quarter of fiscal year 2011 compared to non-GAAP fully diluted earnings per share of $0.08 in the fourth quarter of last year. 

For fiscal year 2011, GAAP loss per share was $0.26 compared to fully diluted earnings per share of $0.09 in fiscal year 2010.  Non-GAAP loss per share was $0.02 in fiscal year 2011 compared to non-GAAP fully diluted earnings per share of $0.29 in fiscal year 2010.

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 charges related to share-based compensation expenses, (iii) non-operating reorganization costs, (iv) fair value adjustments to deferred revenue due to acquisitions and (v) other acquisition related costs for legal and accounting services.  A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.  

Cash: Cash flow from operations was $4.0 million in fiscal year 2011, and cash and cash equivalents at May 31, 2011 were $25.9 million.  

Share Repurchase: The Company repurchased 243,648 shares of common stock during the quarter for $2.3 million, bringing the total number of shares repurchased under its share repurchase program to 777,291 shares for an aggregate purchase price of approximately $5.5 million.  The Company now has approximately $4.5 million remaining under the repurchase program.    

Customers: We added 40 new enterprise customers in the quarter including Fiat/Chrysler, Shire Pharmaceuticals, Fitch Ratings, and Kumon Institute of Education.  

In addition, we expanded our footprint with a number of our existing customers in the quarter including W.W. Grainger, Five Guys, Union Bank, Bio-Rad, Novartis, France Telecom, and Kronos. 

Partners:  We added 14 partners in the fourth quarter including Aon/Hewitt, Satyam, and British Telecom.   We have signed 36 new partners in fiscal year 2011 bringing our total number of partners to 107.  Our partners once again contributed over 50% of our new business in the quarter. 

Acquisitions:  We acquired Pedagogue Solutions and Comartis, two leading software companies in the testing and assessment market.  These companies provide the foundation of our new Testing and Assessment offerings.  “The ability to test and assess skill levels and learning effectiveness is an essential element of any learning management system,” said Bobby Yazdani, Chairman and CEO of Saba.  “Organizations need to understand how effectively their people are trained and whether the imparted knowledge and developed skills are being successfully applied.  In addition, our new testing and assessment offerings  broaden our market opportunities beyond the traditional talent management space.” 

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, we are forecasting total GAAP revenues in the range of $130 million to $133 million. 

We are forecasting total bookings to grow approximately 16% to 18% in fiscal year 2012 over fiscal year 2011 with SaaS bookings growth in excess of 110% in fiscal year 2012 over fiscal year 2011. 

We expect our operating income in fiscal year 2012 to be impacted by our recent success in selling multi-hundred thousand subscribers on the Cloud.  As part of the adoption of Financial Accounting Standards Board standard for multiple-element revenue arrangements,  ASU 2009-13, for certain transactions, we are required to recognize a portion of the respective professional services revenue ratably over the life of the contract while incurring the professional services expense upfront.  We estimate this to negatively impact our earnings per share by $0.06 to $0.08 in fiscal year 2012. 

As such, we are forecasting 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.

Fiscal year 2012 non-GAAP outlook excludes non-cash amortization of intangibles, charges related to stock-based compensation expenses and the impact to revenue for fair value adjustments to deferred revenue due to acquisitions.

For more information on Saba, please visit www.saba.com

 
Matt Lafata, HRchitect

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Most Users in the Cloud, SuccessFactors Completes Acquisition of Plateau…from SuccessFactors

June 30, 2011

 

Combining two clear market leaders to create the broadest SaaS HCM suite, with the largest R&D budget and go-to-market force in our market

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!

SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in business execution software, announced that it has completed the acquisition of Plateau Systems, the leading learning management system (LMS) and Content-as-a-Service (CaaS) provider. Watch this video to learn more: http://www.youtube.com/watch?v=fFS_vFedfjA

“We have seen tremendous, four times bigger than expected, immediate deal interest from existing and new customers since we announced the acquisition, reinforcing our belief that this combination is an important tipping point for the industry, and will drive great growth for SuccessFactors. Since the announcement, large Plateau customers have invited us to meet with them from the West Coast of the US to Northern Europe because they were impressed with our combined scale, exclusive cloud-offering, and passionate, experienced team,” said Lars Dalgaard, founder and CEO, SuccessFactors.

“Now that Plateau and SuccessFactors are officially one, and what we believe to be the strongest cloud-HCM company, with what we believe is the largest R&D investment, the biggest cloud-operations, infrastructure, support, service and go-to-market force, our whole combined organization is ecstatic to accelerate delivery of products to our customers. Plateau’s people are such pros, we are grateful to be together, leading this combined once-in-a-lifetime platform, into one of the biggest remaining application markets, to accelerate the thrust to love work again, and to execute better on business strategies, through people,” Dalgaard continued.

Through its acquisitions and speed of innovation over the past 12 months, SuccessFactors has continued to build on its core Business Execution (BizX) solutions to revolutionize the market. Combining Plateau with SuccessFactors makes the company the only SaaS provider to offer a robust suite of recruiting, on-boarding, performance management, compensation, variable pay, 360 review, content-as-a-service, core HR as the employee system of record and foundation, workforce analytics and reporting, collaboration, and now with Jambok, and Plateau, formal, informal and social learning. This is a merger of two companies that are experts in serving large enterprise customers. From initial estimates, SuccessFactors and Plateau have combined subscription seats of approximately 15 million in the cloud, the most in our industry.

SuccessFactors Sets a New Standard in Learning

SuccessFactors Learning (formerly Plateau’s LMS) is a core part of SuccessFactors’ Business Execution (BizX) Suite, and it provides comprehensive learning solutions that uniquely combine formal and informal practices. SuccessFactors now delivers an unmatched set of formal, informal, social, collaboration, mobile, content management and analytics capabilities in the cloud to help business leaders advance the workforce by improving employee skills, ensuring compliance and aligning organizational objectives.

SuccessFactors Learning combines best-in-class LMS with: 

  • Social Learning and Collaboration – 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.
  • Content-as-a-Service – 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 provide learners with reliable, high-quality on-demand access to both off-the-shelf and custom content.
  • Authoritative Insight – Comprehensive reporting and analytics gives HR and learning leaders authoritative insight about the state of their talent and talent development initiatives.

“I truly believe that we’re witnessing one of the most important changes in the HCM industry right now as Plateau is joining SuccessFactors,” said Paul Sparta, founder and CEO of Plateau Systems. “Never before have customers had the opportunity to completely integrate learning with talent management, recruiting and core HR, all in the cloud. I’m excited to be a part of this movement.”

SuccessFactors is a Leader in Gartner’s Magic Quadrant for Employee Performance Management, while Plateau is a Leader in Gartner’s Magic Quadrant for Corporate Learning Systems. Plateau is also the clear Learning Leader in the recent Forrester Wave for Integrated Talent Management.

For more information on SuccessFactors, please visit www.successfactors.com

 
Matt Lafata, HRchitect

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Saba Announces General Availability of Saba Social Learning…from Saba

June 25, 2011

 

Successful Beta Program Drives Active Engagement and Feedback From More Than 50 Organizations

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 general availability of Saba Social Learning. Saba Social Learning helps employees, partners and customers better connect, collaborate and learn in a versatile and social environment, often referred to as ‘informal learning.’ In addition to the general availability of Saba Social Learning, the company is also providing a free 30-day trial, starting June 27th, to enable organizations to transform knowledge sharing in the workplace.

“Many organizations are struggling with how to address multiple learning styles and optimize informal learning that is the preferred by the “Millennial Generation,” such as video, podcasts, real-time feeds and other social networking tools. Saba Social Learning addresses this challenge, and customers are already telling us it will enable them to accelerate development and transform the way their people learn and grow,” said Laurent Pacalin, SVP and GM of People Cloud Applications. “In order to give other companies interested in adopting this approach a risk-free opportunity to apply the power of the platform and reap the benefits, we decided to make the product available for a free 30-day trial.”

Key Highlights:

By combining the best of today’s social networking features, coupled with world-class learning management capabilities, Saba Social Learning provides more collaborative, immediate and context-relevant learning methods. The seamless integration of formal and informal learning creates an environment that encourages and accelerates the real-time exchange of organizational knowledge among employees, partners, and customers to improve business results.

Following are some key features/benefits of Saba Social Learning solution:

User profile – Similar to popular consumer social networks, it enables users to highlight interests and expertise, share and tag content such as blogs and video, and connect with employees and community groups.

Search – Finds the most relevant and popular content, topic expert or training.

User feedback – With ‘Amazon-like’ ratings, reviews, comments, enables real-time feedback and recommendations for content, training or advice

Video and audio – gives people easy access to best practices, coaching and mentoring via short videos and podcasts. Additionally, subject-matter experts can contribute and share video, which reduces content-development costs and enables new learning experiences.

Mobile – Provides the industry’s only social learning solution “on-the-go”, via iPad or iPhone, giving employees more flexibility to gain real-time insight and save precious billable hours.

Web training – Enables instructors to host instructional webinars at scale, either live or on-demand, for a more flexible and efficient learning environment.

The powerful combination of innovative social learning and mobile delivery, with more traditional learning, enables a transformative workplace that accelerates employee development and engagement, increases performance and reduces content development cost, all while creating a more interactive environment. Saba Social Learning enables organizations to more quickly and efficiently develop their direct sales force, resellers and partner channels thereby accelerating sales readiness and increasing revenue productivity.

Supporting Quotes:

Approximately 85 percent of Saba beta customers noted they would recommend Saba’s easy-to-use Social Learning software.

“Traditional HR and learning processes don’t always capture the community aspect that creates an environment where we learn best—in an informal setting. Saba Social Learning is enabling us to build a stronger culture and gain unprecedented visibility into our workforce expertise and organization’s collective know-how.”
- Wayne Williams, Manager of Learning Systems at SMART Technologies

“With Saba Social Learning we have the ability to transform how our organization grows and shares knowledge. Tools like star ratings, tagging resources and recommendations are useful, intuitive and have become a part of everyday life. The platform’s networking capabilities allow for a more personal and engaging experience for each individual that will likely trigger higher levels of adoption.”
- Brandon Williams, New Business Development at The Educe Group

Recent Company Accolades

Saba Social Learning won Enterprise 2.0‘s prestigious Launch Pad competition, which recognizes the most innovative software that targets the enterprise 2.0 market.

The America Business Awards (STEVIES) recently named Saba Social People’s Choice for Favorite New Software as a Service.

Ranked as a visionary in Gartner’s 2011 Magic Quadrant for Employee Performance Management Software.

Received recognition by Forrester as a leader in Talent Management Software in the recent Forrester Wave, Talent Management, Q2, 2011 report.

Saba’s Social Learning is now generally available for purchase. A free 30-day trial will be available starting on June 27th, 2011 at www.saba.com/social-learning

For more information on Saba, please visit www.saba.com

 
Matt Lafata, HRchitect

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Cornerstone OnDemand CEO Adam Miller Wins Ernst & Young Entrepreneur of the Year 2011 Award…from Cornerstone OnDemand

June 24, 2011

 

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) today announced that the company’s president and CEO, Adam Miller, has been honored as an Ernst & Young Entrepreneur of the Year 2011 Greater Los Angeles Award winner in the technology category. 

Miller was selected among other leading entrepreneurs by an independent judging panel made up of previous award winners, leading CEOs, private capital investors and other regional business leaders.  Awards are given to entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.  Winners were revealed at a gala event Tuesday evening, June 21, at The Beverly Hilton. 

“It is an honor to be recognized by Ernst & Young as an Entrepreneur of the Year Award winner,” said Miller.  “Over the years, I’ve found there are four keys to successful entrepreneurship: persuasiveness, persistence, perseverance and a great team. The support of friends, family and team members has been essential over the years in building Cornerstone OnDemand into one of the world’s fastest growing publicly-traded SaaS companies.”

Since Miller founded Cornerstone OnDemand in 1999, the company has enjoyed rapid business growth, an expanded global presence and industry-leading product innovation, resulting in an initial public offering in March of this year.  Cornerstone is recognized among the leading SaaS-based talent management solution vendors by top industry analyst firms such as Gartner, IDC, Forrester and Bersin & Associates.  The company also has been ranked among the fastest growing companies in North America by organizations such as the Deloitte Technology Fast 500 and the Inc. 5000.

Miller also is the chairman of the Cornerstone OnDemand Foundation, which leverages Cornerstone’s expertise, solutions and partner ecosystem to help empower communities.  With a focus on education, workforce development and disaster relief, the Foundation has developed strategic partnerships with Teach for America, the New Teacher Project, Feeding America, Oxfam, Save the Children, the Taproot Foundation and many other leading non-profits.

“Ernst & Young has honored outstanding entrepreneurs like this year’s winners for the past 25 years,” said Brian Ring, program director for Ernst & Young LLP Entrepreneur of the Year Greater Los Angeles.  “These business leaders have accomplished so much and contributed a tremendous amount to the community.  They give us hope for what the next 25 years of entrepreneurs will bring.”

As a Greater Los Angeles Award winner, Miller is now eligible for consideration for the Ernst & Young Entrepreneur of the Year 2011 National Award.  Award winners in several national categories, as well as the overall national award winner, will be announced at the annual awards gala November 12, 2011 in Palm Springs, Calif.  

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.

 
Matt Lafata, HRchitect

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SumTotal to Connect Customers, Best Practices, and HR Innovations at Annual TotalConnection Conference…from SumTotal Systems

June 14, 2011

 

Microsoft, Dell, Wells Fargo, Time Warner Cable, Orbitz and Others to Present on Latest Trends in Learning and Talent Management

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 global leader in complete learning and talent management solutions, today announced open registration for TotalConnection 2011, SumTotal’s annual global customer conference to be held at the Orlando World Center Marriot Resort in Orlando, FL USA, Oct. 17-20. Participants in the global event represent a “who’s who” in the industry including presentations from Microsoft, Dell, Wells Fargo, Time Warner Cable, Orbitz and many others.

This year’s TotalConnection conference is the largest and most exciting in the company’s history, featuring hundreds of customers from every corner of the world sharing best practices and emerging trends, exploring the latest HR technology innovations, and networking with industry visionaries including fellow SumTotal customers, solution partners, product experts, and senior executives from around the globe.

“Our customers represent an elite group of visionaries that are implementing our technology solutions to drive growth and productivity at their organizations,” said John Borgerding, SumTotal CEO. “With thousands of customers and over 40 Million global users, SumTotal is leading the industry with complete, end-to-end human capital management software that manages the entire employee lifecycle. At this year’s conference, we will also be announcing some exciting news and the latest and most advanced HR solution available in the market.”

The conference will feature keynote presentations from SumTotal executives about the enormous momentum the company is experiencing, as well as keynote presentations from industry luminaries, experts, and featured customers. Multiple concurrent tracks will cover the full spectrum of HR and business best practices, and additional product specific tracks provide comprehensive reviews of the latest product advancements. Pre and post event workshops feature a variety of in-depth strategic and tactical topics featuring hands-on collaborative sessions, some with SPHR credits.

Registration is now open for SumTotal customers only. The deadline for discounted early-bird registration is July 15, 2011. Special discounts are also available from American Airlines and the Orlando World Center Marriot Resort. For more information, visit the TotalConnection 2011 website at http://www.totalconnection2011.com/.

For more information on SumTotal Systems, please visit  www.sumtotalsystems.com.

 
Matt Lafata, HRchitect

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Cornerstone OnDemand Hires Industry Analyst Jason Corsello to Oversee Corporate Development and Strategy…from Cornerstone OnDemand

June 13, 2011

 

Strategic addition of Corsello to Cornerstone’s executive team builds on the momentum of the company’s recent IPO and drives key elements of the company’s growth strategy

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) today announced that leading industry analyst Jason Corsello is joining the company as vice president of corporate development and strategy.  Reporting to Cornerstone president and CEO Adam Miller, Corsello will leverage his extensive expertise in HR technology and services to identify key market opportunities, drive corporate initiatives and guide M&A, as well as support product strategy and service innovation. 

The strategic addition of Corsello to the company’s executive team builds on the momentum of Cornerstone’s recent IPO and drives key elements of the company’s growth strategy, including international expansion, penetration of vertical markets and the extension of Cornerstone’s technology leadership. 

“Jason has been a top analyst, advisor and thought leader in the talent management industry for the last decade.  His knowledge of talent management processes and systems, along with his experience working with leading global companies, will be invaluable in helping us map our strategy into the future,” said Miller. 

“I’ve been a student of the talent management market for nearly 10 years, researching the forces that are driving the industry and advising companies on how to best realize the value of talent to drive business impact,” said Corsello.  “It’s been amazing to watch the achievements of Cornerstone over that time to become a driving force in the market.  I look forward to joining an exciting company with a bright future and enormous growth potential.” 

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.

 
Matt Lafata, HRchitect

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Saba Ranked as a Leader in Talent Management Software Based on Current Offering and Strategy by Independent Research Firm…from Saba

June 7, 2011

 

Saba Received Highest Score for Market Presence amongst All Vendors

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

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, announced today that it was cited as a leader in all three categories of “The Forrester Wave™: Talent Management, Q2 2011” report (May 2011). The categories assessed in the report were Learning and Performance as stand-alone products and Learning and Performance as a combined suite. Specifically, Saba received the highest ranking of any vendor for Market Presence in all three categories. Market Presence is evaluated based on vendors’ customer bases and the depth of human and financial resources available to enhance their products and serve customers.

Forrester used a combination of three data sources to assess the strengths and weaknesses of each solution: vendor surveys, product demos and customer reference survey and calls.

The Forrester Wave™: Talent Management, Q2 2011 Comments:

“Chief people officers, knowledge and learning management professionals, business executives, business managers, and HRM business process professionals all recognize the value of finding excellent talent. Retaining this new talent requires providing new hires with a rich onboarding experience, identifying skills gaps, offering appropriate learning programs, and having a performance management program that recognizes talent and rewards results. This employee lifecycle requires an integrated, seamless, cost-effective approach that using solutions from multiple point vendors can’t replicate.

“Saba drives social learning leadership and has innovative performance management. Saba added an innovative social application to its suite and leveraged the Centra collaboration components to complement the learning approaches of the younger segment of the workforce…It has stellar offerings in goal management, performance and succession planning. Saba’s road map embraces cutting-edge features like group-based goals, goal management, expanded social learning, robust video, and dynamic network analysis. Saba continues to expand its geographic reach, most notably with its expansion into China.”

Supporting Quotes:

“People are an organization’s most valuable asset and more companies are realizing that it is a top priority to develop, engage and retain these employees in order to be competitive,” said Laurent Pacalin, SVP and GM of People Cloud Applications at Saba. “Saba People Cloud applications leverage sales 2.0, social and collaboration technologies to provide training and goals management to employees that enable them to increase sales productivity and achieve performance targets.”

“With its strong heritage in the social and collaborative learning and talent management space, Saba has the most modern, scalable and unified Cloud architecture in the industry and an impressive portfolio of People Cloud applications that deliver significant business performance to customers and partners,” said Shawn Farshchi. “I am incredibly energized to lead the products, customer experience and the company to its next phase of innovation and growth as we deliver on the vision of Saba People Cloud.”

Saba People Cloud Applications Highlights:

Saba People Cloud Applications are a unified set of solutions that include the power of formal and social learning and collaborative talent management applications with industry leading social capabilities such as social Web conferencing and enterprise social networking. They are built organically on a unified platform with a common people profile. Saba People Cloud Applications enable companies to achieve exceptional performance.

For more information on Saba, please visit www.saba.com

 
Matt Lafata, HRchitect

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Cornerstone OnDemand Ranked as a Talent Management Software Leader in New Industry Analyst Report…from Cornerstone OnDemand

May 27, 2011

 

According to report, Cornerstone edges out the competition to become the strongest performance management software vendor; also receives high customer ratings

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) today announced that the company has been ranked as a “Leader” in the May 2011 report, “The Forrester Wave™: Talent Management, Q2 2011” by Forrester Research Inc.   

“As a true multitenant, SaaS-only offering, Cornerstone edged out the competition to become the strongest performance vendor,” stated the report.  “Customers give Cornerstone high ratings for delivering a product that meets their needs.  Cornerstone is the only company we evaluated that has nearly equal numbers of customers deploying learning and performance.” 

Forrester’s vendor assessments covered three categories, including learning, performance, and combined learning and performance.  Assessments included evaluation of each vendor’s current offering, strategy and market presence. 

In recent months, Cornerstone has been recognized as a leader in three other vendor and market studies, including IDC’s 2011 Integrated Talent Management MarketScape report1, the 2011 Gartner Magic Quadrant for Corporate Learning Systems report2 and the 2011 Gartner Magic Quadrant for Employee Performance Management Software report.3  Strengths called out in the reports include customer experience, product capabilities and innovation, and the scalability of Cornerstone’s SaaS architecture. 

“Cornerstone is the only pure play, organically developed SaaS solution to be recognized in these recent analyst reports as a leader in both the learning and performance management categories,” said Adam Miller, president and CEO of Cornerstone OnDemand.  “Other vendors may be rushing to fill out their talent management functionality or make the switch to SaaS, but we’ve been there with an integrated SaaS solution from the beginning.”

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.
Matt Lafata, HRchitect

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SuccessFactors Announces 52 Percent Revenue Growth In First Quarter Fiscal 2011…from SuccessFactors

May 1, 2011

 

– Q1 FY11 Non-GAAP revenue grows to a record $68.0 million, up 52 percent year-over-year.
– Q1 FY11 billings grows to $62.7 million, up 31 percent year-over-year.
– Raises Fiscal 2011 revenue guidance.
– Announces definitive agreement to acquire Plateau Systems Ltd., a leading learning management system (LMS), a Next Generation Portal technology, and CaaS – Content as a Service. Adds core LMS functionality to the existing social learning capabilities from recently acquired Jambok, and significantly enhances the SuccessFactors Business Execution (BizX) software suite.

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. HRchitect is proud to sponsor the 2011 SuccessConnect event in San Francisco.

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!

SuccessFactors, Inc. (NASDAQ: SFSF) recently announced results for its first quarter fiscal 2011 which ended March 31, 2011.

“Despite very strong compares, SuccessFactors delivered strong growth in Q1, while hiring aggressively for future growth and customer investment,” said Lars Dalgaard, founder and CEO of SuccessFactors. “SuccessFactors leads the very large market that we created in BizX cloud-computing. We continue to win market share while simultaneously expanding our total available market through new innovations and acquisitions. By acquiring Plateau Systems Ltd., which was eagerly requested by our sales reps and many customers, we will add learning to SuccessFactors’ scalable and secure platform and further expand our total available market. Plateau Systems Ltd. brings us a spectacular group of enterprise customers with one of the highest renewal rates in the industry at approximately 99%. By combining Plateau’s products with our Jambok social mobile video learning acquisition, we will be able to provide customers a truly unique offering, further solidifying SuccessFactors’ position as an innovator.”

Results for the First Quarter Fiscal 2011:

  • Q1 FY11 Non-GAAP Revenue: For the quarter ended March 31, 2011, non-GAAP revenue was $68.0 million, compared to the company’s prior guidance of $62.5 million to $63.5 million, and compared to $44.7 million in the quarter ended March 31, 2010, an increase of approximately 52 percent year-over-year and an increase of 10 percent sequentially from Q410.
  • Q1 FY11 Non-GAAP Operating Income: For the quarter ended March 31, 2011, the Company recognized non-GAAP operating income of $0.5 million and GAAP operating income from operations of $0.8 million. The non-GAAP operating income excludes $11.0 million in stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs and a gain of approximately $11.7 million revaluation of contingent consideration for the quarter ended March 31, 2011.
  • Q1 FY11 Total Deferred Revenue: Total deferred revenue as of March 31, 2011 was $229.6 million, compared to $234.4 million at December 31, 2010 and up approximately 24 percent year-over-year from $184.9 million at March 31, 2010.
  • Q1 FY11 Cash Flow Generated from Operations: For the quarter ended March 31, 2011, cash flow generated from operating activities was $10.4 million, compared to $13.1 million in the quarter ended March 31, 2010.
  • Q1 FY11 Net Income per Common Share: For the quarter ended March 31, 2011, on a GAAP basis, net income per common share basic and diluted were $0.04 and $0.03, respectively. On a non-GAAP basis, net income per common share, basic and diluted, was $0.01. Non-GAAP net income per common share, both basic and diluted, excludes $11.0 million in stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs, approximately $11.7 million revaluation gain of contingent consideration related to business combinations, $0.5 million unrealized foreign exchange gain on an intercompany acquisition loan related to Inform, and approximately $1.2 million tax benefit related to Jambok. This compares to non-GAAP net income per common share of $0.00 in the fourth quarter of 2010 which excluded approximately $9.1 million of stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs, a $4.8 million revaluation gain of contingent consideration related to business combinations and $1.5 million unrealized foreign exchange gain on an intercompany acquisition loan related to Inform, and non-GAAP net income per common share of $0.02 in the first quarter of 2010 which excluded approximately $5.0 million of stock-based compensation. For the first quarter of 2011, GAAP net income per common share calculation assumed a weighted average share count of approximately 77.5 million for basic and 83.0 million for diluted. For the fourth quarter of 2010, GAAP net loss per common share calculation assumed a weighted average share count of approximately 76.4 million. For the first quarter of 2010, GAAP net loss per common share calculation assumed average weighted share count of approximately 72.0 million.

Plateau Systems Ltd. Acquisition:

Today, SuccessFactors announced it has entered into a definitive agreement to acquire Plateau Systems Ltd. the leading learning management system (LMS), a Next Generation Portal technology, and CaaS- Content as a Service. This acquisition forms a symbiotic combination with SuccessFactors’ acquisition of social video mobile learning provider Jambok.

Customers will now have the ability to further increase employee development and business execution by implementing a comprehensive social and traditional learning strategy that includes evangelizing internal experts, utilizing easy-to-use video creation and sharing tools, as well as managing, developing, and deploying online, instructor-led, and self-study training.

Under the terms of the acquisition agreement, SuccessFactors will pay $145 million in cash plus $145 million in stock, of which $15 million is for employee stock options and RSUs, for Plateau Systems Ltd.. The acquisition is subject to various closing conditions, including filings under the Hart-Scott-Rodino Antitrust Improvements Act and the issuance of a permit from the California Department of Corporations, and is currently expected to close during summer 2011.

Guidance:

SuccessFactors is initiating guidance for its second quarter fiscal 2011 and updating its outlook for the full fiscal year 2011, as of April 26, 2011. 

  • Q2 FY11: Non-GAAP revenue for the company’s second fiscal quarter is projected to be in the range of approximately $69.0 million to $70.0 million. Note that non-GAAP revenue includes the effect of deferred revenue from acquired companies that is required to be written down for GAAP purposes under purchase accounting rules. Non-GAAP net income per common share, basic and diluted, is expected to be breakeven. This guidance does not take into account the proposed acquisition of Plateau Systems Ltd. Non-GAAP net income per common share estimates exclude the effects of estimated stock-based compensation expense, amortization of intangible assets, future cash consideration of acquisitions, deal related costs and revaluation of contingent consideration related to business combinations and any unrealized foreign exchange gains/losses on an intercompany acquisition loan and assumes average weighted basic and diluted share counts of approximately 78.6 million shares and 85.4 million shares, respectively.
  • Full Year 2011: Non-GAAP revenue for the company’s full fiscal 2011 is now expected to be in the approximate range of $275 million to $280 million, which is an increase of approximately 30 percent when compared to fiscal 2010. The company expects non-GAAP net income per common share for fiscal 2011 to be approximately breakeven. This guidance does not take into account the proposed acquisition of Plateau Systems Ltd. Non-GAAP net income per common share estimates exclude the effects of estimated stock-based compensation expense, amortization of intangible assets, future cash consideration of acquisitions, deal related costs and revaluation of contingent consideration related to business combinations and any unrealized foreign exchange gains/losses on an intercompany acquisition loan and assumes average weighted basic and diluted share counts of approximately 79.3 million shares and 85.7 million shares, respectively.

For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect

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Saba Announces Record Third Quarter Fiscal Year 2011 Results…from Saba

March 25, 2011

 

  • Record total bookings of $37.1 million, up 15% year-over-year
  • 351% increase in annual contract value of new SaaS bookings year-over-year
  • Subscription revenue up 17% year-over-year
  • Added 113 new enterprise customers year-to-date; 41 in the third quarter
  • Cash flow from operations grew 52% year-over-year

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

If you are looking for a new Talent Management System, or any HR system, 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 provider of people systems, today reported financial results for its third fiscal quarter ended February 28, 2011.

“Saba delivered record total revenues, subscription revenue, bookings and deferred revenue in the quarter,” said Bobby Yazdani, Chairman and CEO of Saba. “Exemplified by new enterprise wins at organizations such as Eli Lilly and John Deere, this quarter we once again experienced accelerating adoption of the Saba People Cloud. With our unified and complete set of cloud applications, Saba is well positioned for long-term growth.”

In the quarter, Saba achieved record total bookings of $37.1 million. The growth in total bookings was fueled by a four-fold increase year-over-year in the number of new SaaS transactions over $50,000. Our top 4 transactions in the quarter, and 9 of our 12 largest deals in the quarter, were for Saba People Cloud offerings. The growth in the Saba People Cloud business is driving increased recurring revenue, with year-over-year subscription revenue growth rates increasing from 7% in the first quarter to 10% in the second quarter and now 17% this quarter.

Results for the Third Quarter of Fiscal Year 2011

Revenues: Total revenues increased 14% to a record $30.3 million in the third quarter ended February 28, 2011 from $26.7 million in the same period last year. Subscription revenue increased 17% to a record $16.7 million in the third quarter of fiscal year 2011 over the same period last year.

Total revenues, deferred revenue, and earnings per share were impacted by the accounting changes described below.

Deferred Revenue: Deferred revenue increased 18% to a record $42.4 million at the end of the third fiscal quarter of 2011, from $36.0 million at the end of the same period last year.

Earnings per Share: GAAP earnings per share was breakeven in the third quarter of fiscal year 2011 compared to fully diluted earnings per share of $0.01 in the same period last year. Non-GAAP fully diluted earnings per share was $0.05 in the third quarter of fiscal year 2011 compared to non-GAAP fully diluted earnings per share of $0.07 in the third quarter of last year. These results reflect the acceleration toward Saba People Cloud offerings over traditional license transactions and our continued investment in sales and marketing in support of our strong bookings 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 charges related to share-based compensation expenses and (iii) non-operating reorganization costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.

Share Repurchase: The Company repurchased 201,417 shares of common stock during the quarter for $1.3 million, bringing the total number of shares repurchased under its share repurchase program to 533,643 shares for an aggregate purchase price of approximately $3.1 million. The Company now has approximately $6.9 million remaining under the repurchase program.

Customers: We added 41 new enterprise customers in the quarter including: Eli Lilly, John Deere, Bloomberg, Boston Consulting Group, Infocomm International, Illumina, Mead Johnson, Pioneer Natural Resources, and Tele Tech.

In addition, we expanded our footprint with a number of our existing customers in the quarter including: Sanofi Aventis, Stanford University, Western Australia Department of Education, Saudi Aramco, Novartis, Allina Hospital, Guitar Center, Halliburton, and Chrysler.

Partners: We added 12 partners in the third quarter including Wipro, Pinneast, Dingxum in China and Kbizz in Brazil to join our existing partners IBM, HP, ACS, Comenius, and HCL among others. These partners helped us win a number of deals this quarter, including deals at Eli Lilly, Italian Ministry of Finance, Tim Cellular, and Falabella.

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 2011, ending May 31, 2011, we are forecasting bookings to grow in the range of 14% to 16% over fiscal year 2010.

Total revenues are forecasted to be in the range of approximately $117 million to $119 million. We expect our license revenue contribution to account for approximately 16% of total revenues in fiscal year 2011. Due to the anticipated higher revenue contribution from our Saba People Cloud business, we expect GAAP net loss to range from $0.10 to $0.14 per share and non-GAAP fully diluted earnings to be in the range of $0.08 to $0.12 per share.

Fiscal year 2011 non-GAAP outlook excludes non-cash amortization of intangibles and charges related to stock-based compensation expenses.

For more information on Saba, please visit www.saba.com
Matt Lafata, HRchitect

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Cornerstone OnDemand Named a Talent Management Market Leader in IDC MarketScape Report…from Cornerstone OnDemand

February 19, 2011

 

Cornerstone recognized for innovation, comprehensive functionality, platform integration and scalability

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, talk to HRchitect first. 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 today announced that the company has been named a “Leader” in IDC’s 2011 Integrated Talent Management MarketScape report.  The report’s evaluation is based on a comprehensive framework that assesses vendors relative to the criteria and one another and highlights the factors expected to be the most influential to success in the market, both short and long term. 

“Cornerstone OnDemand achieved leader status in this year’s analysis through market momentum, product innovation and integration of its software platforms,” Lisa Rowan, Program Director of HR, Learning and Talent Strategies at IDC, stated in the report. “Other strengths include strong functional capabilities, true multi-tenant SaaS for scalability and solid customer references.”   

IDC defines talent management as those functions that serve to attract, develop, reward and retain the workforce – such as learning management, employee performance management, and career and succession management, among other functionality.

“In a year marked by frenzied vendor consolidation in the talent management market, we are honored to be recognized for our organically developed talent management capabilities,” said Charles Coy, Director of Product Marketing for Cornerstone OnDemand.  “IDC also calls attention to our solid customer references, which reflects Cornerstone’s focus on ongoing client satisfaction through our Client Success Framework.  In this sense, we truly consider our success to be our clients’ success.”

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.
Matt Lafata, HRchitect

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SumTotal Rated Hot Vendor for Total Compensation Management According To Ventana Research…from SumTotal Systems

February 16, 2011

 

Latest In-Depth Research Ranks SumTotal as Top Ranked Hot Vendor in Product Capability and Customer Assurance Categories

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, talk to HRchitect first. 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 global leader in complete talent management solutions, today announced that the Ventana Research 2011 Value Index for Total Compensation Management identifies SumTotal as the top ranked supplier of total compensation management solutions providing the maximum overall value to the marketplace. Based on the weighted factoring of five product and two customer assurance categories, SumTotal was rated with the highest compliance and designated a “Hot Vendor” for compensation management software.

The Ventana Research 2011 Value Index for Total Compensation Management is the distillation of a year of market and product research efforts by Ventana Research, the premier benchmark research and advisory services firm. Built on a foundation of 10 years of business and technology research, this unbiased, fact-based index is the first such industry undertaking to assess the value of software designed specifically for enabling total compensation management.

According to Ventana Research, “In the 2011 Value Index for Total Compensation Management, the company delivering the highest value on an overall weighted-evaluation basis is SumTotal Systems, which earned the Hot Vendor rating.”

“The lack of vendor and product reviews offered in the market by IT analysts has misled the business and IT buyers on the importance of this category,” said Mark Smith, CEO & EVP Research, Ventana Research. “Ventana Research believes that an investment in total compensation management software, wisely done, is a strategic step toward improving workforce performance, and our benchmark research confirms this evaluation. SumTotal’s rating as overall ‘Hot Vendor’ places them as a key solution provider that organizations should evaluate for compensation processes.”

“Reducing the complexity of global compensation management should be the number one priority for all organizations,” said Nadeem Syed, Executive Vice President, Worldwide Product Management & Engineering at SumTotal. “Costs savings can be realized across the entire value chain, from plan definition, to decision support, integration, localization, and approvals. By focusing on a handful of key best practices, HR organizations better position themselves to optimize planning, modeling, budgeting, analysis, and execution of their enterprise-wide compensation plans.”

SumTotal’s compensation solution is comprised of two key elements to support the needs of complex global organizations: Compensation Planning and Incentive Compensation.

SumTotal Compensation automates and manages the planning, modeling, budgeting, analysis, and execution of enterprise- wide compensation plans. This solution enables organizations to develop and apply consistent compensation plans to all employees.

SumTotal Incentive Compensation motivates employees and manages financial rewards within an organization. This solution streamlines incentive policy administration and provides long-term planning for both market- and performance-based plans, as well as variable pay flexibility for individuals, teams, sales, or executives.

“We are extremely pleased to be again recognized for our advanced technology and capabilities in this area,” said John Borgerding, CEO of SumTotal Systems. “Ventana Research is leading the industry with comprehensive analysis in this critical market segment and has a clear perspective of what it takes for customers to succeed. This recognition is further testament to our momentum not only in compensation management, but also in the complete talent management software marketplace.”

For more information, visit the company’s website at www.sumtotalsystems.com. The executive summary of Ventana Research’s Value Index Research is available at: http://www.ventanaresearch.com/tcmvalueindex
For more information on SumTotal Systems, please visit  www.sumtotalsystems.com.
Matt Lafata, HRchitect

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SilkRoad technology Partners With ej4…from SilkRoad

February 8, 2011

 

Partnership Brings 40,000 “Off-the-Shelf” Training Videos to Market-Leading Learning Management System GreenLight

HRchitect featured SilkRoad in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. 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!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today it has partnered with training video producer ej4.  The new partnership gives customers of SilkRoad’s learning management system (LMS), GreenLight™, access to ej4’s videos for training and the option for customers to create custom training videos.

SilkRoad’s LMS customers can now access ej4’s customizable organizational training through GreenLight, and benefit from ej4’s Maxecution™ videos, a specialized type of “task-based” video, where training is broken into small, concentrated segments that teach repeatable skills and behaviors – not just theories and concepts.  With the Maxecution Software Training, GreenLight customers will have fully searchable, reportable, and assignable training resources covering a full breadth of career development and employee productivity.

GreenLight customers receive special pricing for both ej4’s library of off-the-shelf videos and customized videos, including training sessions for employee orientation, increasing technology proficiency, and lessons in leadership, negotiation, customer service, safety, supervision and much more. 

“We’re thrilled to work with SilkRoad to provide GreenLight customers the right videos for their organizations to increase productivity and reach their business goals,” said Dan Cooper, CEO, ej4.  “The integration of our videos into GreenLight will make it easier than ever for companies to access the e-learning they need.” 

Through a seamless integration between ej4 and GreenLight, SilkRoad customers can utilize the videos to reduce overall training costs through purchasing the exact support each company needs to enhance employee productivity and career development.   

ej4 has conducted over 6,000 classroom seminars, 10,000 leadership surveys, and helped hundreds of companies with custom and off-the-shelf training programs.  They currently have more than 40,000 online video tutorials available.

“With this partnership we are bringing our customers the most engaging video-based content on the market today,” said Brian Platz, COO, SilkRoad technology.  “ej4 are experts in this arena and we’re really excited to bring their knowledge to our customers.”

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect

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SumTotal Releases Latest Talent Management Innovations…from SumTotal Systems

January 17, 2011

 

Customer Centric Advancements Delivers New Level of Reporting Capabilities for Improved Visibility into Workforce Effectiveness

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, talk to HRchitect first. 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 global leader in complete talent management solutions, today announced the latest enhancements to its Talent Management platform. Innovative product advancements to the software system enable organizations of all sizes to more easily develop, deliver and track key talent management initiatives around learning, performance, compensation, succession, and recruiting. SumTotal’s commitment to customers is enabling deeper visibility into workforce information that improves decision making, reduces administration costs, and helps drive business performance.

With the latest enhancements to its Talent Management platform, SumTotal is focused on helping customers gain greater value from their HR technology investments and advancing how organizations better manage their workforce. By offering an integrated and automated approach to managing today’s talent management challenges, SumTotal is providing leaders across the globe with the information necessary to make more strategic workforce decisions. Selected new features include: 

  • Enhanced Administrative Capabilities – Including numerous advancements that enable organizations to institute comprehensive learning standards enterprise-wide while minimizing the efforts to manage a globally distributed learning operation.
  • Performance Management Advancements – Extended career profile and goal management enhancements, empowers individuals to manage their career growth intuitively and effectively.
  • Reporting Advancements – This latest release provides additional new value-add reports and options to provide a new level of visibility into workforce effectiveness. SumTotal continues to push the envelope in providing customers enterprise-class reporting capabilities that scale to support the largest global enterprises without the cost of additional infrastructure.

In addition, SumTotal now provides a powerful extensibility framework that enables organizations to further extend the capabilities of the SumTotal platform to meet their business needs. The extensibility framework provides organizations the ability to build customer specific solutions without needing to customize the application, thereby lowering their total cost of ownership.

“SumTotal is committed to providing our customers with the most powerful and easy to use talent management tools to advance their workforce and realize a true competitive advantage,” said Nadeem Syed, Executive Vice President, Worldwide Product Management & Engineering of SumTotal Systems. “Working in collaboration with our customers, SumTotal continues to evolve our solutions to target the precise needs of the market and ensure that HR professionals can optimize the effectiveness of their workforce.”

For more information on SumTotal Systems, please visit  www.sumtotalsystems.com.
Matt Lafata, HRchitect

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