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
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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
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Posted by mattlafata
October 5, 2011
Brings Talent Management Firm Award Winning Learning and Content Platform, Hundreds of Customers
HRchitect includes Lumesse in our list of top Talent Acquisition Systems and 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!
Lumesse, a global leader in integrated talent management solutions, this week announced that it has signed a binding agreement to acquire Edvantage Group.
Over 500,000 users across hundreds of organizations use Edvantage Group’s SaaS (Software-as-a-Service) learning solutions to develop employee skills and competencies. Edvantage Group brings Lumesse world-class capabilities in learning management, content development and management, online content delivery, and custom course development. The two companies already share a number of customers and have pre-existing integrations between their respective product sets. The acquisition includes all customer contracts, intellectual property, assets and goodwill of the business and, subject to the usual regulatory approval by the Norwegian competition authorities, is expected to close during October.
“People love to learn, and learning is rising up the corporate agenda as every successful business needs to retain and develop its people as part of a full talent management strategy,” said Matthew Parker, CEO at Lumesse. “Acquiring Edvantage gives Lumesse an award-winning learning and content platform that will enhance the 2012 product roadmaps for both Lumesse TalentLink and Lumesse ETWeb. We are very excited to be welcoming this great company, its many high-profile customers, and its talented employees to the growing Lumesse family.”
Edvantage Group founder and CEO Thomas Berglund, who will be responsible for the Global Learning business in Lumesse, added: “We are very proud that we have been acquired by one of the world’s most people-focused software companies, with a truly global footprint, local expertise, financial strength and a passion for what they do. This acquisition secures a promising future for our customers, employees, partners and other stakeholders.”
The acquisition will accelerate the global growth of Lumesse, strengthen its leadership in Europe, extend its product set and increase its customer base by over 200 new companies to a total of over 1,900 in 70 countries worldwide. Already offering some of the most complete talent management solutions in the industry, Lumesse will broaden its products further to include Edvantage Group’s learning management system, award-winning content authoring platform, extensive range of on-demand content, and its custom developed e-learning programs. Lumesse customers will be able to easily provide formal, informal, social and mobile learning opportunities to employees as a part of a fully integrated talent development strategy.
Edvantage Group has won many high-profile clients for its learning solutions, including Virgin Atlantic, 7-Eleven, Abu Dhabi Commercial Bank, Sony Ericsson, SEB and the UK MOD. Recent awards for its solutions include the 2010 UK E-Learning award winner for ‘E-learning Company of the Year’ and the 2011 Brandon Hall Award winner for ‘Best Advance in Technology for Rich-Media Authoring’ category. Edvantage Group has highly skilled people in the UK, the Nordic regions and across Europe.
“Since its founding in 1999 Edvantage Group has become recognized in the e-learning market for its strong client relationships, award-winning technologies and talented employees,” said. “We think they are a great fit for the Lumesse culture and we are looking forward to combining their strengths with ours during 2012 to bring a superb, fully integrated learning offering to our customers and to the global market.”
For more information on Lumesse, please visit www.lumesse.com
Matt Lafata, HRchitect
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Posted by mattlafata
September 27, 2011
Training Industry Inc. Names SumTotal a Top Learning Portal Company for “Leading the Charge” in Innovation
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, today announced that it has been recognized as a 2011 Top Learning Portal Company by Training Industry Inc., a leading resource on organizational learning.
According to a recent release from Training Industry, SumTotal received this recognition for demonstrating excellence as a solution provider, specifically in areas including:
- Breadth of functionality and capabilities
- Geographic reach
- Company size and growth potential
- Number and strength of clients
- Industry visibility, innovation and impact
- Commitment to the corporate training industry
“We continue to be impressed by the rate of innovation in the learning technologies marketplace,” said Ken Taylor, Chief Operating Officer at Training Industry, Inc., in a recent press release. “Our Top 20 Learning Portal Companies are leading the charge on innovation by providing learning leaders with exciting new tools to drive organizational effectiveness.”
SumTotal, the only Top 20 company to deliver a truly mobile learning application for devices such as Blackberries, iPhones and iPads, has long been recognized as a top provider of learning management solutions.
One example of impact is a leading, global pharmaceuticals and healthcare customer who leveraged SumTotal’s learning solutions to achieve three corporate objectives: reduce the cost of new hire training, standardize learning on a single platform and increase market share and savings.
With the implementation of the SumTotal LMS, this customer achieved these goals, saving $1.6 million in the first year of implementation (with a projected savings of $4.7 million over three years), and dramatically reducing time to proficiency for new hires.
As an innovator in the strategic HCM market, SumTotal has led the pack in exponentially magnifying the power of organizational learning by providing solutions that integrate learning with other core HCM functions, including performance, compensation, HR and goal management, and succession planning.
“Bringing together the spectrum of strategic HCM tools into a single, integrated platform provides organizations with a powerful solution,” said Hardeep Gulati, Executive Vice President of Products at SumTotal. “With this integration, we give our customers the information they need to make smarter business decisions and drive performance. Our dedication to continuous innovation in this sphere not only ensures our success, but also ensures our customers will have the tools they need to be highly competitive.”
For more information on SumTotal Systems, please visit www.sumtotalsystems.com.
Matt Lafata, HRchitect
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Posted by mattlafata
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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Posted by mattlafata
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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Posted by mattlafata
May 26, 2011
Alliance enables Halogen Software customers to leverage cutting edge video-based courseware and measure training effectiveness via a performance-based learning system
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!
Talent Management leader Halogen Software, Inc. and ej4, a leading provider of video courseware, have partnered to provide users of Halogen’s award winning learning management system seamless access to cutting edge video training courses from eJ4. Through this partnership, Halogen Software customers can leverage thousands of ej4’s video-based courses to deliver practical training and development to employees via Halogen eLearning Manager™. This closed loop learning experience means organizations can directly measure the impact of video learning on employee performance.
ej4 offers a unique approach to training through the company’s J4™ videos which are concise, high impact training segments that enhance skills and behavior, rather than simply teach concepts and theories. The alliance was forged based on the compelling ability to measure the effectiveness of these training vehicles on employee performance.
“While an increasing number of organizations are leveraging video and social learning experiences to support employee development, the integration of ej4 courseware with Halogen eLearning Manager can help make this learning more meaningful because courses are specifically linked to the competencies that they address,” says Dan Cooper, Partner and CEO of ej4.
With siloed HR systems – where learning and performance are not thoughtfully linked – HR, managers and employees must use disparate systems to address development needs. Unlike this siloed or loosely integrated approach, Halogen offers a purpose-built talent management system that uniquely links learning with performance. This seamless connection between Halogen eLearning Manager and Halogen eAppraisal™ means customers can link ej4 courses to specific competencies within a few clicks, to align video training with real business needs.
“We are focused on helping our customers deliver training and development plans that demonstrate a return on their training investments,” says Donna Ronayne, Vice President Marketing and Business Development, Halogen Software. “By integrating ej4 video courseware with Halogen eLearning Manager, our customers can provide high-impact training that is relevant and timely to their employees and that positively impacts business results.”
For more information on Halogen Software, please visit www.halogensoftware.com
Matt Lafata, HRchitect
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Posted by mattlafata
May 5, 2011
Record Quarterly Non-GAAP Revenue of $74.3 million, up 35% Year-Over-Year; Non-GAAP Subscription Revenue of $60.1 Million, up 26% Year-Over-Year; Current Deferred Revenue Rose to a Record $105.0 million, up 34% Year-Over-Year; Added Over 240 New Customers With 8 Transactions of $250,000 or Greater
HRchitect featured Taleo 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. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 TaleoWorld conference and HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended Taleo’s annual Sales and Services meeting in 2010 & 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!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand Talent Management solutions, today announced record-setting results for its fiscal first quarter 2011.
“Our results consistently demonstrate what our customers already know — we’re redefining the talent management market and how businesses leverage their largest asset, their people,” said Michael Gregoire, Taleo’s Chairman and CEO. “Our momentum is based on a keen understanding of our customers — from the small, emerging business to the global corporation. We’re innovating, executing and, where necessary, acquiring to make sure we have the broadest, most comprehensive platform in the market. Our undisputed leadership in talent management and the rapid growth of our customer base are testaments to the success of our strategy.”
Taleo delivered the following results for the first quarter 2011:
First Quarter Revenue: Total revenue for the first quarter was $71.5 million, an increase of 30% on a year-over-year basis. Subscription revenue for the first quarter was $58.4 million, an increase of 23% on a year-over-year basis. Professional services revenue for the first quarter was $13.1 million, an increase of 75% on a year-over-year basis.
Total first quarter non-GAAP revenue was $74.3 million, an increase of 35% on a year-over-year basis. Non-GAAP subscription revenue for the first quarter was $60.1 million, an increase of 26% on a year-over-year basis. Non-GAAP professional services revenues for the first quarter was $14.2 million, an increase of 90% on a year-over-year basis.
First Quarter Earnings / (Loss) per Share: First quarter net loss per share was $(0.05), compared to net income per fully diluted share of $0.02 a year ago.
Non-GAAP net income per fully diluted share was $0.23, compared to non-GAAP net income per fully diluted share of $0.16 a year ago.
An explanation of the non-GAAP measures used in this press release is included in the section below titled “Non-GAAP Financial Measures” and a reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables included as part of this press release.
Customers: In the first quarter, over 240 new businesses chose Taleo’s Talent Management solutions for recruiting, performance, learning and/or compensation management, including: Caterpillar, Inc., Phillips International, IDEX Laboratories, Fairmont Raffles Hotels, Motorola Mobility and Bentley Systems, Inc. A first quarter record 8 new contracts were of $250,000 or larger in first year subscription revenue, underscoring the market interest in larger, global deployments and in multiple component suite solutions.
Cash: Cash generated from operations for the first quarter was $15.6 million, up 36% year-over year. Total cash and cash equivalents finished the quarter at $145.8 million, a decrease of $90.9 million from the prior year, which includes approximately $135.5 million in net outflow from the company’s acquisitions of Learn.com and Cytiva.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Jambok, Lars Dalgaard, Learning Management, LMS, Matt Lafata, Plateau, Recruiting, SuccessFactors, Talent Acquisition, Talent Management | Permalink
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April 5, 2011
SumTotal Mobile™ Delivers Downloadable, Un-tethered Learning Content to Learners Around the World
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 the latest release of SumTotal Mobile, a truly mobile solution for organizational learning that serves global enterprises, small- to-medium sized businesses, and government agencies around the globe. SumTotal marks a new milestone in its strategic innovation path by honing in on the mobile user experience, for both content developers and mobile learners, and by providing downloadable content that enables learners to complete required training un-tethered and truly mobile.
Tony Bates, a recognized expert and consultant on e-learning and distance education, predicted earlier this year, “…the future of online learning is clearly in mobile technologies. Laptops and desktop PCs will remain necessary for specialized learning applications for the next few years, but in 2011 all organizations should be thinking of course design and teaching in terms of its transportability to mobile formats.” In addition to Bates’ prediction, a report from the International Telecommunications Union says that more than half a billion people now have internet data access on their mobile devices.
“SumTotal Mobile delivers rich content in many forms without sacrificing delivery speed, consistency, reliability and flexibility,” says Bill Docherty, Senior Director of Product Management at SumTotal Systems. “The business potential of this learning solution will undoubtedly have a significant impact for customers – particularly businesses with offsite employees who, in the past, have not had access to more traditional organizational learning platforms.”
According to a recent SumTotal survey, nearly 80 percent of customers are looking to integrate mobile learning within the next one to two years. SumTotal Mobile puts the company at the leading edge of the mobile learning revolution, allowing organizations to develop and deliver content and courseware to their employees using the same SCORM-compliant development tools they currently use.
With support for Apple devices (iPhone, iPod Touch and iPad), Google’s Android, and Blackberry devices, SumTotal Mobile provides a design and user experience specific to the unique interface of each mobile device. In addition, enabling learners to download content to their mobile device provides an offline learning option that makes connectivity issues obsolete and enhances the quality of multimedia content.
Additional capabilities of SumTotal Mobile include:
- Fully rich-media capable
- Downloading content means no lag-time forstreaming audio and video
- Easy-to-use mobile course catalog
- Reliable LMS tracking & reporting
- Mobile content authoring with off-the-shelf,SCORM-compliant tools
- Support for all mainstream devices and operatingsystems
“Creating new and powerful pathways to learning is unquestionably important to our customers,” said John Borgerding, CEO of SumTotal Systems. “This latest advancement from SumTotal represents our continued dedication and responsiveness to customer needs.”
For more information on SumTotal Systems, please visit www.sumtotalsystems.com.
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Bill Docherty, Dave Watkins, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, John Borgerding, learning, LMS, Matt Lafata, mobile, SumTotal, Talent Management, WebMingle | Permalink
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April 2, 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. 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!
Cornerstone OnDemand (NASDAQ: CSOD), a leading provider of a comprehensive learning and talent management software solution, today announced it has been placed by Gartner Inc. in the “Leaders Quadrant” of the 2011 Gartner Magic Quadrant for Corporate Learning Systems report. The Magic Quadrant positions vendors according to their “Ability to Execute” and “Completeness of Vision.”
“We credit our recognition as a Leader by Gartner in the Magic Quadrant for Corporate Learning Systems to the quality and innovation of our organically developed software solution, as well as our relentless focus on supporting the success of our clients,” said Charles Coy, Director of Product Marketing for Cornerstone OnDemand. “Recent activity among other learning vendors to build out or acquire additional talent management functionality validates our long-held product strategy. Learning has always lived at the core of Cornerstone’s integrated talent management suite, ensuring that performance, succession and career management don’t end with assessment or measurement. Continuous learning tools can close identified competency and readiness gaps to ensure that organizations have the right people, in the right jobs, with the right skills.”
Cornerstone’s learning and development platform, Cornerstone Learning, helps businesses optimize their investments in people by delivering highly targeted training of any kind – ensuring that blended learning initiatives actively address identified competency and skill gaps and drive organizational performance. The platform provides a single point of online access to e-Learning delivery, instructor-led training (ILT) administration, virtual classroom sessions, content management and compliance management.
The company’s Cornerstone Connect platform for enterprise social collaboration allows organizations to evolve their current LMS strategies to include social and continuous learning, all integrated with more traditional LMS capability.
Cornerstone’s comprehensive software solution also includes Cornerstone Extended Enterprise, a platform for training, certifying and enabling extended networks of partners, suppliers, resellers, distributors and customers.
“Organizations of all sizes and across various industries use our continuous learning platform to empower their people with tools for developing new skills, being productive leaders, collaborating effectively with colleagues and contributing directly to the success of the business,” said Coy. “We also continue to see more organizations using our software to reach beyond the traditional four walls of the organization and build smart customer and partner networks. This can facilitate both top-line revenue and bottom-line results, as well as become a new source of enduring competitive advantage.”
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, Talent Acquisition, Talent Management | Tagged: Charles Coy, Cornerstone OnDemand, Gartner, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, learning, LMS, Magic Quadrant, Matt Lafata, Social, Talent Management, WebMingle | Permalink
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March 30, 2011
Social Learning Portals and Collaboration Technology Deliver Deep Value to Millions of Users
HRchitect featured Taleo 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. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 TaleoWorld conference and HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended Taleo’s annual Sales and Services meeting in 2010 & 2011.
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!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that millions of users are realizing the value of Talent Intelligence and the benefits of an integrated learning and performance management solution to drive business results. A key element of this customer success comes from Taleo’s unique ability to satisfy customers’ core LMS needs as well as their emerging social learning aspirations.
One of the many customers achieving these successful results is Vi, formerly Classic Residence by Hyatt, a leading national provider of senior living and care. The organization distinguishes itself from other senior-living companies by striving to deliver a high level of personalized service and quality care to its residents. Training plays a key role in engaging employees to deliver on the company’s service commitment. The introduction of a state-of-the-art online university has significantly expanded learning opportunities throughout the company, while reducing training costs and providing employee training resources that boost employee development opportunities and preparation for advancement.
“As the virtual, boundary-free classroom experience evolves, employees will take an increasingly active role in contributing and leading the learning experience. Vi leverages Taleo’s blog functionality, RSS feeds, and YouTube within our learning management system, E-Campus, to engage our learners. We’ve also taken advantage of Taleo’s unique customizable micro-learn centers to enable our functions within the company to create their own unique and relevant learning experience,” said Judy Whitcomb, Senior Professional in Human Resources, AVP – Learning and Organizational Development, of Vi. “This, along with strong internal marketing and communications, has contributed to over 1,000 percent increase in E-Campus utilization over the last several years and employee engagement.”
With Taleo, customers can leverage robust LMS features including certifications, compliance, CEU management, instructor-led training management, curriculum development, virtual classroom integrations, and web-based training. Taleo customers also benefit from an industry-leading library of over 30,000 web-based training titles developed by internationally recognized content developers.
In addition to these core LMS features, Taleo Learn also includes sophisticated social features that enable organizations to share expertise:
- Through its unique Sub-Learn Center technology, Taleo Learn enables customers to create an unlimited number of collaborative spaces where employees can share expertise, share files and network with one another around corporate initiatives, formal training events, or specific business topics.
- With its portal technology, Taleo Learn supports many of the key features of a wiki. It also enables the embedding of external content via RSS feeds, YouTube videos, and widgets, providing a way for organizations to aggregate internal and external expertise into a central portal.
- In addition to its architectural support for collaboration, Taleo Learn includes features designed to capture and share organizational knowledge in a general way — discussion forum technology, ratings and reviews, social networking, and support for file sharing, including the sharing of video and audio files.
These social features can support formal learning activities, or they can be used “stand-alone” to support more general collaboration needs, both within the enterprise and within the extended enterprise. By mixing and matching formal and social features in their learning portals, customers can design tailored experiences for different learner populations and can continually evolve this blend to solve their changing needs over time.
“We’re at an inflection point in how people learn in the workplace,” said Michael Gregoire, CEO of Taleo. “As we move toward social learning and enterprise collaboration, it’s important to remember that organizations still need LMS solutions to satisfy complex regulatory and compliance reporting requirements as well as the delivery of more traditional learning such as instructor-led training, which still accounts for more than 50% of the training in large enterprises. With Taleo Learn, our customers get the best of both worlds: an industry-leading LMS and robust social learning capabilities.”
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learn, learning, LMS, Matt Lafata, Michael Gregoire, Performance Management, Recruiting, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
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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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Brian Platz, ej4, GreenLight, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learning Management, LMS, Matt Lafata, SilkRoad, Talent Management | Permalink
Posted by mattlafata
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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: compensation, Dave Watkins, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learning Management, LMS, Matt Lafata, Performance Management, Recruiting, Softscape, succession, SumTotal Systems, Talent Management, WebMingle, workforce | Permalink
Posted by mattlafata
January 5, 2011
Industry’s Largest & Most Complete Talent Management Provider Extends Leadership Position and Expands into Additional Target Markets
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. Kimberley Kasper, VP of Marketing, and Jon Ciampi, VP of Product Management with 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 it has acquired GeoLearning. This strategic acquisition expands on the company’s significant growth and momentum and further solidifies SumTotal’s market leadership position by adding proven go-to-market capabilities in mid-market, government, and extended enterprise market segments. The combined footprint provides unparalleled capabilities that cover the complete spectrum of Talent Management business needs. SumTotal now represents the industry’s largest and most complete provider of learning and talent management software across the globe with full end-to-end capabilities and market dominance.
“With the acquisition of GeoLearning, SumTotal has snapped up one of the leading LMS players to even more firmly establish its #1 position in the learning market and strong position in integrated Talent Management Systems,” said Josh Bersin, president and chief executive officer, Bersin & Associates. “GeoLearning’s strengths in SaaS, extended enterprise solutions, and managed services for the SMB and mid-market will help SumTotal continue to grow its leadership position in all segments of the market.”
Founded in 1997, GeoLearning is the leading provider of managed services and on-demand learning management software. GeoLearning has a recognized history of innovation with comprehensive software products to address the needs across both employee development and extended enterprise. Companies, government agencies, and non-profit organizations rely on GeoLearning‘s deep domain expertise to drive organizational performance. GeoLearning has been the ideal partner for organizations seeking to increase sales, accelerate time to market, raise productivity, generate new revenue streams, and reduce expenses.
With customers such as Sony Electronics (NYSE: SNE), Amway (KUL:AMWAY), Seagate (NYSE: STX), Dell (NASDAQ:DELL), and Google (NASDAQ:GOOG), SumTotal represents the industry’s largest provider of learning and talent management solutions with over 39 Million users across 2,300 global customers. The company’s talent management software offering is leading the industry with integrated learning, performance, compensation, succession, development, 360 feedback, hiring, social collaboration, planning, workforce analytics, and core HR management, all from a single vendor. This strategic acquisition fulfills SumTotal’s promise to the market to provide the most complete talent management offering and to every market segment.
“This is great news for our customers who now have access to additional expert resources and a comprehensive offering that spans all strategic HR functions,” said Scott Andriano, Senior Vice President of Sales at GeoLearning. “With significant backing focused on delivering real long-term customer value, our combined companies have the ability to more rapidly invest and scale to support growing customer demand.”
The acquisition provides customers with many immediate benefits:
- Fully integrated Talent Management covering the business needs of every market segment
- Established localized operations with customers deployed in 156 countries in 39 different languages
- Significant resource expansion across R&D, Services, Support, & Account Management
- Deep domain & subject matter expertise across 38 different verticals
- Expansive user community sharing best practice in Fortune 500, mid-market, government, and extended enterprise markets
- Proven leadership with extensive knowledge in HR & technology advancement
- Single vendor solution that mitigates customer risk
“These are exciting times for our industry, and our mission remains focused on significantly increasing the value our customers gain from partnering with SumTotal,” said John Borgerding, CEO of SumTotal Systems. “The focus and dedication our team has for customers and this industry is represented in this strategic acquisition. As the true market leader, we will continue to innovate, accelerate, and help our customers to achieve new levels of success.”
For more information on SumTotal Systems, please visit www.sumtotalsystems.com.
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Talent Management | Tagged: Bersin, GeoLearning, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, John Borgerding, Learning Management, LMS, Matt Lafata, Scott Andriano, Softscape, SumTotal, Talent Management | Permalink
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