Nemours Leverages Saba People Cloud Applications for Enterprise-Wide Electronic Health Records Training and Compliance…from Saba

January 13, 2012

 

The Saba People Cloud Assists Visionary Healthcare Provider in Delivering Award-Winning Service

HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ:SABA), the premier People Cloud provider, today announced that leading pediatric healthcare system Nemours, is using Saba People Cloud Applications  to accelerate enterprise-wide learning and compliance with its Electronic Medical Record (EMR) system. Using Saba’s Learning Management System (LMS), delivered through the Saba People Cloud, Nemours is providing access to the critical training necessary to maintain high employee performance and safety.

Nemours’ robust EMR system, Epic, is used by more than 3,600 employees on a daily basis; compliance requires that each employee also complete training annually. Using the Saba People Cloud’s scalable and interactive Web-based training, Nemours is able to meet rising demand by its 4,800 employees for more flexible training. Standardized governance and ongoing course development has also accelerated the adoption of EMR technologies and as a result has improved clinical use of the EMR and enabled Nemours to be more agile and responsive to market demands.

Key Business Benefits and Accolades

  • Faster on-boarding with online skill-based training
  • Enhanced patient care and improved staff efficiency
  • Highest-level of compliance set forth by The Joint Commission and OSHA
  • Improved tracking of course completions  and signoffs
  • Enabled support for SCORM-based, off-the-shelf, and customized courses

Industry recognition, including:

  • The 2010 Healthcare Information and Management Systems Society (HIMSS) Davies Award, which recognizes outstanding achievement in the implementation and value from health information technology, specifically EMRs.
  • The HIMSS Analytics Stage 7 Award, which  honors hospitals that operate in a paperless environment and represent best practices in implementation of the EMR
  • Named “Most Wired Hospital for 2011″
  • Nine “Best Awards” for medical specialty care in the 2011-2012U.S. News & World Report edition of “Best Children’s Hospitals.”

Additionally, Saba Learning Management supports the Sharable Content Object Reference Model (SCORM) content standard allowing Nemours access to off-the-shelf content as well as internally developed training.  As a result, Nemours has been able to build a library of more than 1,500 courses to create knowledge-sharing among the entire enterprise value chain, including the organization’s 4,800 associates, plus over 1,000 residents, students and community physicians.

Supporting Quotes

“The Epic EMR solution is at the heart of everything we do here, and no one receives access without proper training,” said Heather Kelley, supervisor, instructional designers, Nemours.  ”Saba’s People Cloud Applications have helped us accelerate the adoption of EMR by providing role-based training to learners, and achieve the highest level of healthcare compliance, which is critical to success in our industry.”

“People are an organization’s most valuable asset. Providing both formal and informal learning that is scalable and interactive is critical, especially when rolling out an enterprise-wide technology initiative that impacts the lives of hundreds and thousands of patients on a daily basis,” said Karen Steele, senior vice president, corporate marketing, Saba. “Saba provides Nemours with the ability to customize training for doctors, nurses, residents and other staffers, which, in turn, positively affects patient experience. We look forward to continuing to work with Nemours to both raise the bar in patient care and enable successful development of their people.”

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Saba Announces Keynote Speakers for People 2012 — Saba Global Summit…from Saba

January 11, 2012

 

Industry-Leading Lineup Includes Best-Selling Author, Jim Collins; Business Thought Leader, Gary Hamel; Gartner Inc. HCM Expert, Jim Holincheck; HR Thought Leader, Naomi Bloom; and CIO of American Red Cross, John Crary

HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ: SABA), the premier People Cloud provider, today announced its industry-leading lineup of visionary keynote speakers for People 2012, its annual global user conference. The impressive keynote presenters include: Jim Collins, best-selling author ofBuilt to Last,Good to Great,How the Mighty Fall, andGreat by Choice; foremost business thinker and best-selling author, Gary Hamel; Gartner Inc. research vice president, Jim Holincheck; HR thought leader and managing partner at Bloom & Wallace, Naomi Bloom; and the Chief Information Officer from the American Red Cross, John Crary. Customers, partners, and global industry professionals will gather together to learn how to achieve significant business benefits through the Saba People Cloud at People 2012 – Saba Global Summit in Miami, Florida on March 19-22, 2012.

The lineup of Saba keynote speakers includes Bobby Yazdani, founder and CEO; Jeff Carr, president of global field operations; and Amar Dhaliwal, senior vice president of product operations. Saba Global Summit will focus on the importance of leveraging the Saba People Cloud to create transformative workplaces that enable organizations to provide all their people, including employees, partners, and customers, with the development, engagement, and inspiration they need to meet the challenges of a new world of work.

For more information about People 2012 – Saba Global Summit and to register, visit the event site.

About Featured Keynote Speakers

 

  • Naomi Bloom is a leading independent voice, business and platform strategy consultant, and thought leader in the HR technology and HRO industries. She acts as a change agent and Human Resource Management (HRM) delivery systems strategist for global corporate clients; as an advisor on business strategy as well as product and service design to several generations of HRM software vendors and HR outsourcing providers; and as a provider of competitive insight to the investment community.
  • Jim Collins is the industry-leading thinker on organizational sustainability and growth. He is the best-selling author of Great by Choice, Built to Last, Good to Great, and How the Mighty Fall. In total, Collins has authored or co-authored six books that have sold more than 10 million copies worldwide.
  • John Crary joined the American Red Cross in late 2009 as chief information officer, responsible for all information technology functions throughout the organization. The American Red Cross, founded by Clara Barton in 1881 and headquartered in Washington, D.C., is one of the nation’s premier emergency response organizations and a major U.S. provider of blood products to the healthcare industry. Crary brings a wealth of information technology management experience to the organization, including expertise in new technologies such as social media, Web-based services, and e-commerce.
  • Gary Hamel is the best-selling author of Leading the Revolution and Competing for the Future. The Wall Street Journal recently listed Gary Hamel as “The world’s most influential business thinker,” and Fortune magazine has called him “The world’s leading expert on business strategy.” Hamel is currently a visiting professor of strategic and international management at the London Business School.
  • James (Jim) Holincheck is a managing vice president at Gartner Inc., where he manages the team that covers finance, Human Capital Management (HCM), and procurement. Holincheck specializes in the HCM systems market and helps provide a bridge between technology and human capital processes, practices, and strategies.

 

About Saba Keynote Speakers

  • Bobby Yazdani is the founder, chairman, and CEO of Saba. He was an industry pioneer in creating the Human Capital Management category in 1997, and has since grown Saba into a $100 million+ business and one of the fastest growing public cloud companies.
  • Jeff Carr is the president of global field operations at Saba. He is responsible for Saba’s worldwide field operations, including sales, professional services, alliances, and customer success. A seasoned HCM software executive, Carr has more than 25 years of experience in global enterprise software and on-demand sales, marketing, services, and global operations.
  • Amar Dhaliwalis the senior vice president of product operations at Saba. In this role, he has successfully guided the company’s Product Operations Group, which includes Product Development, Global Customer Care, OnDemand Strategy, and Operations. Dhaliwal has more than 15 years of HCM and enterprise software experience.

 

About People 2012 – Saba Global Summit

Saba’s annual user conference, People 2012 – Saba Global Summit, will offer attendees:

 

  • Eight unique conference tracks, more than 60 conference sessions, and more than 12 hands-on training sessions with equal focus on all Saba solutions. Click to view conference tracks and more details on the hands-on training sessions.
  • Networking events including a welcome reception and a special customer appreciation event where attendees can connect with peers, share experiences, and meet one-on-one with Saba product experts.
  • Hands-on training courses offered daily by Saba University.
  • More than 40 case studies presented by global customers across a wide variety of industries.
  • Ability to explore products and services from Saba’s strategic partners.
  • Opportunity to hear recognized business leaders and industry experts talk about future trends and opportunities.

 

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Saba Announces Second Quarter Fiscal Year 2012 Results…from Saba

January 7, 2012

 

  • Cloud billings grew 89% year-over-year
  • Cloud deferred revenue grew 113% year-over-year
  • Cloud revenue grew 64% year-over-year
  • Subscription revenue grew 23% year-over-year; representing 63% of total revenues
  • Subscription gross margin expanded to 77%
  • Total deferred revenue increased 33% year-over-year to $47.3 million

HRchitect featured Saba in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 15 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ: SABA), the premier People Cloud provider, today reported financial results for its second quarter ended November 30, 2011.

“With cloud billings growing over 80% for the second straight quarter, we believe we have emerged as one of the fastest growing public cloud businesses,” said Bobby Yazdani, Founder and CEO, Saba. “We signed twice as many one million dollar deals this quarter as we did last quarter, and in the second quarter alone, we added over one million subscribers to the Saba People Cloud.”

Results for the Second Quarter Fiscal Year 2012

Revenues: Total GAAP revenues were $30.4 million in the second quarter of fiscal year 2012, up 4% from $29.2 million in the same quarter last year. Total non-GAAP revenues in the second quarter of fiscal year 2012 were $30.6 million, up 5%, compared to $29.2 million in the same quarter last year. On a GAAP basis, cloud revenues in the second quarter increased 64% to $9.7 million from $5.9 million in the same quarter of the prior year. Non-GAAP revenues reflect the impact to revenue of fair value adjustments to deferred revenue due to acquisitions.

Deferred Revenue: Total deferred revenue was $47.3 million at the end of the second quarter of fiscal year 2012, up 33% year-over-year. Deferred revenue from cloud subscriptions grew 113% year-over-year to $23.8 million at the end of the second quarter.

Earnings (Loss) per Share: GAAP loss per share was $0.16 in the second quarter of fiscal year 2012 compared to a loss per share of $0.03 in the same period last year. Non-GAAP loss per share was $0.10 in the second quarter of fiscal year 2012 compared to earnings per share of $0.02 in the second quarter of the last fiscal year.

Our non-GAAP results are calculated by adjusting GAAP results for the impact of certain items including (i) non-cash amortization of intangibles, (ii) non-cash share-based compensation expenses, (iii) non-operating reorganization costs, (iv) the impact to revenue of fair value adjustments to deferred revenue due to acquisitions and (v) other acquisition related costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.

Cash: Cash used in operations was $4.4 million in the second quarter of fiscal year 2012, and cash and cash equivalents at November 30, 2011 were $15.0 million. Saba typically uses cash in the first half of the fiscal year and generates positive cash flow in the second half of the fiscal year due to strong subscription renewals in the third and fourth quarters.

Key Business Highlights: Saba added 29 new enterprise customers in the quarter including Vodafone, Royal Dutch Shell, ANZ Bank, Weight Watchers, and National Multiple Sclerosis Society.

During the quarter, Saba established a strategic partnership with Workday where Saba People Cloud solutions will be tightly integrated with Workday HCM. Saba also formed a cross-selling relationship with Kronos. Saba’s industry-leading learning and talent management solutions will be combined with Kronos® recruiting and workforce management suite to offer an end-to-end solution to support the entire hourly employee life cycle.

Business Outlook

The following statements are based on current expectations as of the date of this release. These statements are forward-looking, and actual results may differ materially. Saba does not undertake any obligations to update these forward-looking statements.

For fiscal year 2012, ending May 31, 2012, Saba reiterates its forecast of total GAAP revenues to be in the range of $130 million to $133 million and total billings to grow in the range of 16% to 18% in fiscal year 2012 over fiscal year 2011.

Since the Company has successfully transformed to a cloud business, Saba is introducing guidance for cloud billings for fiscal year 2012. Management believes this key metric better reflects the core growth of the company. Saba forecasts cloud billings to grow in excess of 60% in fiscal year 2012 over fiscal year 2011.

The Company also reiterates its forecast for GAAP net loss to range from $0.39 to $0.45 per share and non-GAAP net loss to range from $0.17 to $0.23 per share. Saba also confirms that it expects to return to non-GAAP profitability in the second half of fiscal year 2012.

Fiscal year 2012 non-GAAP outlook excludes certain items including non-cash amortization of intangibles, non-cash stock-based compensation expenses, the impact to revenue of fair value adjustments to deferred revenue due to acquisitions, other acquisition related costs and non-operating reorganization costs.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Saba Partners with Workday to Bring Cloud Learning and Human Capital Management Solutions to Customers…from Saba

October 26, 2011

 

Industry Leaders Align to Provide Award-Winning Solutions to Enable a Transformative Workplace

HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ:SABA), the premier People Cloud provider, today announced at Workday Rising 2011 that it has established a new partnership with Workday, a leader in SaaS-based enterprise solutions for global human capital, payroll and financial management, to provide enterprise-class learning and human capital management (HCM) solutions to joint customers in the cloud. Saba’s leading learning management solutions, delivered via the Saba People Cloud, will be tightly integrated with Workday HCM.

The two organizations’ complementary solutions will provide customers a broad portfolio of human capital management and enterprise learning solutions to drive business impact.

In addition, Saba will use Workday Studio, a powerful development tool that builds sophisticated and highly customizable integrations to and from Workday. Using Workday Studio, a component of Workday’s Integration Cloud, joint customers will be able to reduce cost of integration and speed time to deployments.

Supporting Quotes
“Our customers look for strong integration with best-in-class cloud business applications that deliver greater productivity for their people,” said Jeff Carr, president, global field operations.  “We’re very excited about this partnership with Workday, as it will allow Saba and Workday to provide significant value to our joint customers around the globe by delivering an integrated and unique customer experience.”

“We are pleased to have Saba join the Workday ecosystem and leverage the Workday Integration Cloud,” said Jeff Pulver, Workday’s vice president, business development. “Many of Workday’s customers are looking for an integrated HCM and learning solution and Saba has a great track record of success.”

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

 
Matt Lafata, HRchitect

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Saba Announces Content Connect Program…from Saba

September 16, 2011

 

Interactive Program Supports a Vibrant Ecosystem for Saba Content Partners and Customers

HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009. Matt Lafata with HRchitect attended the 2010 Saba Global Summit and Analyst Day in Boston, MA. Matt Lafata & Tiffany Appleby attended the Saba Global Sales Rally FY12 in June 2011 in Redwood City, CA.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

Saba (NASDAQ:SABA), the premier People Cloud provider, today announced the Saba Content Connect Program, an innovative program that brings Saba partners and customers together in an interactive online community.  Hosted within the Saba Online Community, the program facilitates customers’ discovery and connections with content partners in a social and real-time collaborative environment.

“Organizations around the globe are using the Saba People Cloud to build a transformative workplace that accelerates innovation and learning by tapping into social capabilities to engage and connect people and ideas,” said Jess Tan, VP of the Global Learning Ecosystem, Saba. “With this program, enabled on the Saba People Cloud, customers can leverage our strong content partner network to gain insight into new learning content, share best practices and participate in lively discussions, all of which helps our customers drive their organizational effectiveness.”

Using Saba People Cloud Applications, including enterprise social networking and real-time collaboration, customers can freely discover, view and directly engage with content partners best suited to meet their business needs. Customers can learn details about each content partner’s value proposition, unique content offerings and catalog of available courses. In addition, customers can collaborate with their peers and Saba’s subject matter experts, attend webinars on content-related topics, and participate in discussion threads, all within a safe and secure online environment.

Simultaneously, partners gain exposure to Saba’s global customer base through the interactive Saba Online Community to foster new relationships and promote content offerings, including custom and packaged content, training services and industry expertise.  Additionally, the program highlights partners that have tested the interoperability of their solutions with the Saba People Cloud and verified compliance with industry standards.

The growing Content Connect community of partners includes:

 

  • Accenture
  • Allen Interactions
  • Artifact Software
  • Barnett International
  • Brainshark
  • Brookwood
  • ClearPoint
  • EBSCO Publishing
  • Fabri Consulting
  • GetAbstract
  • General Physics (GP)
  • IC Axon
  • Intuition
  • IHRDC
  • Impact Solutions
  • KESDEE
  • Mahindra Satyam
  • MindLeaders
  • Neurika
  • Outtakes Limited
  • Rapid Learning Development
  • Sistemas CBT
  • SkillSoft
  • Solunea
  • ToolingU.com
  • Tricore Interactive
  • Turning Technologies
  • Virtual Link Solutions

Supporting Quotes

“Great content is essential for any learning strategy to be successful,” said Mark Smith, CEO and Chief Research Officer, Ventana Research. “With a program like the Content Connect, organizations can truly find the best fit for their needs and use it to create a strong content development strategy and training programs.”

“In joining the Content Connect Program and teaming with Saba, a long-standing leader in the learning management market, our organization is able to offer our unique competency-based learning content to Saba’s global customer base and gain a broader reach to our target audience,” said Stratton Lloyd, SVP of Market Development and Customer Satisfaction, EBSCO Publishing.

“As a partner in the Content Connect Program, we aim to further leverage our 12-year relationship with Saba. The Content Connect Program provides an additional avenue for us to extend conversations with existing and new customers” said Paul Pearce, Director of Alliances, GP Worldwide.  “Our organization provides custom and packaged content solutions that drive performance-based results for Saba’s customers.  Together, we can deliver end-to-end talent and learning solutions that uniquely solve real-world business challenges for customers.”

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

 
Matt Lafata, HRchitect

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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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Jobpartners Selects eQuest to Provide Customers International Job Posting Exposure …from Jobpartners

May 26, 2011

 

EMEA Software Recruitment Provider Opens International Job Posting Gateway for Its Customers

HRchitect includes Jobpartners in our list of top Talent Management Systems and Talent Acquisition Systems vendors that businesses should consider. Fabrice de Carne, Vice-President of U.S. Sales for Jobpartners, appeared on the HRchitect WebMingle on October 30, 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!

Jobpartners, a European leader in people and talent management solutions, today announced that it selected eQuest to provide its customers with a fully integrated job posting delivery gateway to thousands of career sites around the world. eQuest is the leading international job posting distributor for the Fortune 500.

Jobpartners provides a set of flexible and collaborative applications that can be used separately or integrated into a complete comprehensive People Management System to enable HR executives and business managers to attract, connect, develop, and retain employees.

eQuest provides an extensive delivery network of job boards, social and professional networks, college/alumni, and a multitude of niche career sites. Through a mutual integration recruiters can post jobs in seconds.

Eric Genet, Group Vice President of Jobpartners, said, “Our agreement with eQuest assures our users the ability to connect with talent all over the world. Our integration is seamless and job adverts can be placed in a matter of a few seconds.”

“Our commitment to serving the international community is key to our success,” said Sean Luitjens, eQuest’s VP of Business Development. “Our service center is ready to provide Jobpartners’ customers the best delivery service available.”

For more information on Jobpartners, please visit www.jobpartners.com.

For more information on eQuest, please visit www.equest.com   
Matt Lafata, HRchitect

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Saba Expands Presence in Asia with Opening of Beijing Office…from Saba

April 20, 2011

 

Regional Headquarters to Accelerate Growth and Serve Local Customers and Partners in Greater China

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, today announced the opening of its office in Beijing, China.  With 19 million users and 1,400 customers worldwide, including over half of the Fortune 100, Saba is a leader in the corporate learning, performance management and enterprise collaboration solutions areas.  As part of its commitment to the development of the growing Asia market, the Beijing office will serve as the regional headquarters for Saba’s sales, marketing and support efforts throughout Greater China.  The Beijing office will also serve as a strong local hub for Saba partners, including IBM, Hewlett Packard, Dingxun and Tangview, to help them achieve success.   Saba has operated in the China market for several years and customers include global organizations that operate in the region such as Intel, 3M and Smart Technologies as well as local customers including China Telecom, China Education TV, Haier, Sinograin, Shunde Bank and China Aerospace.

Today’s official launch of Saba China will take place at the St. Regis hotel and will be attended by key Saba executives, partners and customers as well as selected local press.  Saba executives Jeff Carr, President of Global Field Operations, Emily He, Vice President of Corporate Planning and Operations, and Olivier Ghezi, Senior Vice President, Global Channels & Alliances, will present Saba’s strategy for China and showcase how Saba’s solutions are helping enterprises increase performance, drive sales velocity and enable an empowered, engaged and collaborative workforce.  Specifically, Saba will be introducing its award-winning Saba People Learning and Saba People Performance management applications as well as its industry-leading enterprise collaboration application Saba Live, and the latest release of the world-class web conferencing solution Saba Centra.  

In addition, Saba partner Dingxun will participate and share the reasons behind why Sinograin chose Saba solutions to help them achieve their organizational objectives.

Supporting Quote

“China is a very significant business opportunity for Saba and by establishing a local office in Beijing, we will be strategically positioned to support our customers and partners as well as maximize growth opportunities in this fast developing market,” stated Bobby Yazdani, chairman and CEO of Saba. “With three offices in Asia, we now have a solid foothold in the region to help our customers and partners increase the performance of their people.”

“At Sinograin, safeguarding food safety is our highest priority and our obligation to the nation.  To ensure our safety standard, we need an enterprise-class learning solution that is functionally-rich, robust, and scalable. We selected Saba because of its leadership position in learning and its commitment to customer success,” added Saba customer Sinograin.

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

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Saba Announces First Quarter Fiscal Year 2011 Results…from Saba

September 25, 2010

 

Subscription Revenue Increased 7% Year-Over-Year to $14.9 Million – First Quarter Total Revenues of $26.8 Million, Up 4% 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. Saba participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009.

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

Saba, the premier provider of people systems, today reported financial results for its first fiscal quarter ended August 31, 2010.

“The first quarter increase in total revenues reflects solid growth in our subscription and professional services revenues,” said Bobby Yazdani, Chairman and CEO of Saba. “Customers’ buying preferences in the quarter validated their enthusiasm for our advanced SaaS offerings and yielded an approximately three-fold increase in the annual contract value of new SaaS bookings over the same period last year.”

First Fiscal Quarter 2011 Results

Revenue. For the first quarter ended August 31, 2010, total revenues increased 3.9% to $26.8 million from $25.8 million in the same period of the prior year. Subscription revenue was $14.9 million, an increase of 6.6% on a year-over-year basis. License revenue was $4.5 million, a decline of 22.1% on a year-over-year basis. Professional services revenue was $7.5 million, an increase of 22.0% on a year-over-year basis.

Gross Margin. Gross margin was 63.1% in the first quarter compared to 64.7% in the same period of the prior year. The gross margin reflects higher levels of subscription revenue and professional service revenue relative to license revenue.

Earnings per Share. First quarter GAAP net loss per share of $0.06 compares to fully diluted earnings per share of $0.03 in the same period of the prior year. Non-GAAP diluted earnings in the first quarter of breakeven compares to $0.07 per share in the first quarter of the prior year.

Non-GAAP results are computed by adjusting GAAP results to exclude the impact of certain items including (i) non-cash amortization of intangibles, (ii) non-cash charges related to share-based compensation expenses, and (iii) restructuring costs. A reconciliation of GAAP to non-GAAP results is included in the financial statements accompanying this press release.

Cash. Cash generated from operations in the first quarter increased to $1.4 million from $0.7 million in the same period of the prior year. Total cash and cash equivalents at the end of the first quarter were $33.2 million, an increase of 53.8% from the end of the first quarter of the prior fiscal year.

Deferred Revenue. Deferred revenue at the end of the first fiscal quarter was $34.4 million, an increase of 11.6% from the end of the first quarter in the prior fiscal year.

Customers. Saba added 30 new customers during the first quarter of fiscal 2011.

Share Repurchase Program. In March 2010, Saba announced that its Board of Directors authorized the use of up to $5.0 million in the aggregate for the repurchase of shares of the company’s common stock. Under the share repurchase program, Saba repurchased 150,000 shares during the fiscal quarter ended August 31, 2010 and had $4.2 million available for future repurchases.

First Quarter Highlights

During the first quarter, Saba signed 30 new customers worldwide, including Cummins, Halliburton, France Telecome Espana Sa, Isuzu Australia, ITC Hotels, New Balance Athletic Shoe and Sony Pictures Entertainment. Saba also expanded existing relationships with a number of organizations worldwide, including: Baker Hughes, Bank of Tokyo, Hartford Financial Services, Mitsubishi Research Institute, Sydney Water, Six Continents Hotels, Saudi Aramco, and Solutia.

In addition, key announcements by Saba since the beginning of the first quarter include:

– Saba announced the general availability of Saba Live, its next-generation cloud-based enterprise business networking solution. Saba Live includes powerful Web 2.0 social tools integrated with Saba Centra Web Conferencing for real time collaboration. Saba Live provides users with rich personal profiles, competency-driven expertise, blended learning, secure groups and workplace analytics to deliver an unprecedented collaboration experience. Saba Live is another proof point that Saba is reinventing the collaborative Learning space.

– Saba announced its inclusion in Forbes Magazine’s ranking of “Most Trustworthy Companies” for 2010. Saba has been determined to exhibit transparent accounting and prudent management by Audit Integrity, an independent financial analytics company. The ranking is based upon more than 100 factors used to assess corporate accounting and management practices.

– Saba also announced People 2010 — Saba Global Summit. The annual meeting of Saba’s customers, partners and thought leaders will be held November 1st — 4th at the Westin Boston Waterfront. The event will feature seven conference tracks and over 70 interactive sessions, including 20 hands on workshops, and keynote speakers, including Gary Hamel, author of Leading the Revolution and Competing for the Future, professor at London Business School and “the world’s most influential business thinker” according to the Wall Street Journal. People 2010 — Saba Global Summit will be an opportunity for hundreds of participants to share best practices and coming developments in people systems.

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 to update these forward-looking statements in any way or for any reason.

For fiscal 2011, ending May 31, 2011, we confirm our prior guidance of total revenues between $121 million and $124 million, GAAP net earnings of $0.15 to $0.19 per share on a fully diluted basis and non-GAAP net earnings of $0.34 to $0.38 per share on a fully diluted basis. Due to customers’ seasonal spending patterns, Saba continues to expect that revenues, earnings and cash flows will be weighted more heavily towards the second half of the fiscal year.

The 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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Softscape Achieves Record-Breaking Results in First Half of 2010 with Increased Sales & Continued Profitability…from Softscape

July 14, 2010

 

Strong Market Momentum from Recent Softscape Innovations Drives Growth Across Company’s Entire HR Product Platform

HRchitect featured Softscape 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 vendors that businesses should consider. 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. We have 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 here to help!

Softscape, an innovator powering complete people management solutions, today announced a 263% growth in Q2-2010, compared to Q1-2010, with a surge of new business across its global operations. The company attributes this rapid growth to increasing demand specifically for Softscape’s broader and more complete HR technology infrastructure that enables organizations to better manage workforce efficiencies and prepare for business growth as the global economy begins to accelerate.

Softscape delivered sustained business expansion and profit with all global divisions contributing to strong performance year-to-date leading to a record-breaking second quarter, and a 29% overall growth for the first half of the year. The second quarter of 2010 also represented a 92% increase over the same period last year, including a 71% increase in sales for the company’s cloud offering. Net sales rose 94% in the US alone for the first half of 2010, compared to last year. The majority of new customers, nearly 80%, are purchasing multiple software suites at initial contract which represents an increasing trend across the market. The average deal size for the company also nearly doubled, with many multi-million dollar global contracts signed, as more and more organizations recognize the value of a single and complete HR software platform.

The company’s new customers range in size and across diverse industries including Agriculture, Transportation, Business Services, Computer Software, Construction, Energy & Utilities, Food & Beverage, and Manufacturing. New customers have included 7-Eleven, Dave & Buster’s, and JE Dunn, as well as growing partnerships and resellers across the globe such as Ascendis in Romania, Human Dynamics in South Africa, and HMP in Germany.

Softscape also recently announced several new product innovations: 

  • New People Advisor™ series for real-time view of workforce effectiveness while helping managers make better and more informed decisions.
  • Smart Coaching™ to highlight potential workforce problems with embedded expert direction for leaders upon which they can easily act.
  • Talent-based Learning Platform with significant new capabilities including new “My Learning” portal, enhanced certification and compliance tracking, new social-based learner views, and enhanced demand management.
  • Manager Insight™ with advanced searching and expanded social networking-based user interface spanning entire platform.
  • Hiring & Recruiting assessments with Gallup integration to better assess and select top candidates.
  • Talent Mobility™ solution to reduce top performer flight by providing improved global visibility and processes for talent rotation.

 In addition, newly established efficiency programs across the company’s service and support organizations have also contributed to on-going improvements with a direct positive impact on operating income and profit margins. Operational efficiencies include new methodologies and internal processes for managing new customer on-boarding, system and requirement analysis, implementation and deployment, support and customer care, as well as development efficiencies for rapid product advancements.

“We continue to innovate the industry with groundbreaking developments that are rooted in helping customers today and tomorrow,” said Dave Watkins, CEO and co-founder of Softscape. “Softscape’s continued growth has enabled us to further invest in advancing how organizations can better manage their workforce. Our forward approach, and deep analysis of where this market is heading and how organizations can better navigate the changing economic and workforce conditions, is testament to our on-going dedication to the market and our customers.”

For more information about Softscape’s solutions, please visit http://www.softscape.com.
Matt Lafata, HRchitect

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Saba Delivers Breakthrough Mobility Capabilities to Its Collaborative People Management Platform…from Saba

April 17, 2010

 

Latest Saba Innovations Deliver On the Go Access to Learn and Collaborate from Anywhere, Anytime

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

Saba (NASDAQ: SABA), the premier people management software and services provider, today announced a series of new product innovations that make it easy for mobile workers to meet at a moment’s notice, attend online webinars, and learn on the go. These new solutions enable today’s global workforce to easily work together on an iPhone or in any web browser, both online and offline across the extended enterprise of employees, partners, and customers.

News Facts: 

  • Saba Centra for iPhone is now available for free download in the Apple iTunes App Store. This easy to use application enables Saba Centra users to participate in virtual classes, web conferences, and web seminars on an iPhone.  iPhone users can share presentations and interact with colleagues and classroom trainers right from their mobile phone. Executives can now attend meetings from an airport, a hotel lobby or while at a customer site.
  • Saba Centra Web Access makes it easy and cost effective for mobile workers to access web conferences and virtual training from any browser, anywhere. With a fast download and built-in VoIP or phone access, users can participate in a Saba Centra web session through an easy to use interface from a Windows, Mac, or Linux PC. People can now interact with educators and attend classes from their home or a café with the same superior interactivity and ease of use that Saba Centra offers, wherever they are, whether they have  a high bandwidth or low bandwidth connection.
  • Saba Anywhere is a mobile platform that lets people take their learning on the go.  Users can now download, view and interact with standards-based courseware and knowledge content anywhere, anytime, regardless of network connectivity. Saba Anywhere provides a seamless interface to Saba Learning for automated results tracking, as well as flexible content consumption including rich, multimedia content.  Highly secure and easy to use, Saba Anywhere meets the needs of people who are mobile and on the go, or in environments with bandwidth constraints.

Availability:

Saba Centra for iPhone, Saba Centra Web Access and Saba Anywhere are available immediately.

Quotes:

“Saba continues to evolve and innovate to deliver the best solutions to meet the demands of an increasingly mobile and distributed workforce,” said Jim Lundy, vice president and general manager, Saba Collaboration Solutions. “Today’s announcements of Saba Centra for iPhone, Saba Centra Web Access and Saba Anywhere reflect our continued commitment to provide the enabling technologies to help people work better, and work together.”

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

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Softscape Delivers Latest Groundbreaking Innovation with New People Advisor…from Softscape

March 19, 2010

 

HR Industry First Provides Real-time View of Workforce Effectiveness While Helping Leaders Make Better Informed Decisions

HRchitect featured Softscape 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 vendors that businesses should consider. 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. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Softscape, an innovator powering complete people management solutions, recently announced the release of its People Advisor™ series, a comprehensive array of software tools providing advanced visualizations, detailed reports, alerts, and expert advice on key workforce-related functions. Built upon the company’s industry leading Talent Management software platform, the People Advisor series helps improve workforce effectiveness, contain operational costs, provide greater visibility of potential problem areas, and helps leaders in their decision making process.

The first in this innovative solution set, “People Advisor for Compensation”, raises the standard on compensation planning systems by providing real-time and proactive advice to managers and executives on the state of compensation processes, budget alignment, and top performer retention, while highlighting any potential issues before there is a problem. Leveraging Softscape’s advanced Compensation Planning platform, People Advisor for Compensation empowers business leaders to make more informed decisions and offers easy-to-use and actionable guidance that ensure better alignment between pay, performance, and current market ratios.  Moving beyond assessing where an organization is today, People Advisor for Compensation provides current and predictive views of each functional area to drive desired business outcomes.   

These latest innovations enable organizations to better:

  • Provide leaders with detailed and actionable decision support information to expedite strategies   
  • Influence business decisions with immediate budget analysis for active analytics
  • Alert managers immediately about compensation budget overruns and provide detailed analysis of the source and how to resolve overruns
  • Provide an at-a-glance view of alignment and any issues with pay-for-performance objectives
  • Leverage expert advice on what, where, and when pay-to-market is out of alignment

“In today’s turbulent global market, effectively managing a business’ largest controllable expense is more important than ever,” said David Watkins, Softscape CEO and co-founder. “By simplifying the often complex compensation information and providing easier-to-understand and actionable metrics, our new People Advisor for Compensation helps organizations maximize the full effect of their compensation dollars and improve top performer retention.”

For more information about Softscape’s solutions, please visit http://www.softscape.com.
Matt Lafata, HRchitect

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Saba Delivers Innovative New Approach to Rewards Management with Saba Compensation …from Saba

February 6, 2010

 

Sophisticated Software Can Identify and Reward the Most Valued Employees, Not Just High Performers

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. Saba participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Saba, the premier people management software and services company, today announced the general availability of Saba Compensation, an easy-to-use software solution that drives more informed compensation decision-making by providing a comprehensive view of employee success. The sophisticated approach of Saba Compensation enables both compensation professionals and individual managers to make smarter spending decisions that improve performance, productivity, and talent retention rates. Among the innovations: direct access to multiple measures of success from within the compensation allocation tool, providing the ability to identify value beyond the performance review score.

Unlike today’s compensation solutions, Saba Compensation goes beyond simple pay-for-performance processes that focus only on formal review scores. Instead, Saba Compensation provides decision-makers with a rounded view of each individual by surfacing data from multiple people management processes. This helps identify employees in critical roles, high potentials, “team players,” and even those that contribute to knowledge sharing in today’s collaborative companies. The solution also includes ways to better engage employees by enabling them to surface their own reward preferences, which further boosts talent retention rates among valued employees. A number of Saba customers participated in early previews and user testing of these innovations, including Sydney Water and Graham Group, Ltd.

“Saba Compensation is very intuitive and easy to use,” said Paul Adams, reward and recognition manager at Sydney Water, Australia’s largest water and waste water utility, and a multi-award-winning employer. “We’re very pleased with Saba’s solution, which supports our know-how approach and our flexible and family-friendly work environment.”

“We need a compensation solution that not only helps us achieve compliance with our salary program guidelines, but can also help us link the accomplishments of work plans to bonus and pay increases,” said Laird Beatty, director of human resources at Graham Group, Ltd. “We want to directly motivate employees to align their work plans and performance with our compensation plans. That’s why we chose to add Saba Compensation to our existing Saba people management platform.”

“For our customers, a compensation offering that is merely a compensation worksheet for managers won’t do,” said Bobby Yazdani, chairman and CEO, Saba. “Saba Compensation incorporates elements of employees’ performance and value to the organization in a sophisticated way that no other compensation offering can.”

Saba Compensation is available now as part of Saba’s unified people management solutions, delivered either on-demand or on-premise.

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

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Saba Delivers Strong Second Quarter Fiscal 2010 Results…from Saba

January 9, 2010

 

Grows Non-GAAP EPS by 75% and Invoicing by 10% year-over-year; Increases cash balance by 77% year-over-year; Extends leadership with 30 new enterprise customers across learning, performance and talent management solutions

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. Saba participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Saba (NASDAQ:SABA), the premier provider of people management software and services, today reported financial results for its second fiscal quarter ended November 30, 2009.

“We continued to win major new customers while expanding relationships with the world’s leading global enterprises and governments. More and more enterprises are looking to Saba for unified people management solutions that drive business performance by aligning, engaging, developing, and mobilizing their people while fostering collaboration across their value chain,” said Bobby Yazdani, Chairman and CEO of Saba. “Our record of profitable growth and momentum in winning new customers while expanding existing customer relationships underscores the validity of our growth strategy.”

Second Quarter Financial Results

  • Total revenues for the quarter ended November 30, 2009 were $27.5 million, up 6.4%, from $25.8 million in the same period of the prior year.
  • Saba Performance and Talent Management products achieved record high product bookings in the quarter, representing 12% of total product bookings in the quarter.
  • Gross margin for the quarter ended November 30, 2009 was 65.7% compared to 59.6% for the same period of the prior year.
  • GAAP net income for the quarter ended November 30, 2009 was $666,000, or $0.02 per share on a fully diluted basis, compared to a loss of $355,000, or $0.01 per share, for the same period last year.
  • Non-GAAP net income for the quarter ended November 30, 2009 was $2.1 million, or $0.07 per share on a fully diluted basis, compared to non-GAAP net income of $1.1 million, or $0.04 per share on a fully diluted basis, for the same period of the prior year. Non-GAAP net income excludes non-cash amortization of intangibles and charges related to stock-based compensation.
  • Cash balance for the quarter ended November 30, 2009 was $22.9 million compared to $12.9 million at the end of the same period in the prior fiscal year. Saba repurchased 1,384,920 outstanding shares of common stock for approximately $4.9 million in the first quarter of fiscal 2010.
  • Saba invoiced $29.4 million in the quarter ended November 30, 2009, up 10%, compared to $26.7 million in the same period last year.

Second Quarter Business Highlights

Customers

  • Added 30 new enterprise customers bringing total new customers up to 50 during the first six months of Fiscal 2010, up from 39 new customers in first half fiscal 2009.
  • Strengthened leading base of Global 2000 customers during the quarter with wins at Baker Hughes, Bayer Healthcare, Banco Itau, McDonalds, Mars, Owens and Minor, Unicredit Group, Santander, and Saudi Aramco.
  • Expanded relationships with a number of existing large enterprise and public sector customers including 3M, Bose Corp, Synthes, Trillium Health Centre, UNUM Group, Varian Medical Systems, Kwik-Fit Group Limited, Les Hopitaux Universitaires, Blackbaud, Brinker International, Lincoln Electric Holdings, Westat, and Westinghouse Electric.
  • Saba OnDemand solutions reached a user base of over 3.6 million users, including such customers as Addison Avenue Federal Credit Union, the California Public Employees’ Retirement System (CalPERS) and the University of Tennessee, Knoxville (UT Knoxville).

Products

  • Announced major new platform release, Saba Enterprise 5.5, as the industry’s first truly unified people management platform. Saba 5.5 delivers an updated, engaging, and easy-to-use Web 2.0 user interface that visually unifies information so that, whether a user is trying to create a succession pool, start a performance review, or manage a team of employees, the view of the employee information is consistent. Users at all levels are able to make better decisions with more complete and consistent people intelligence.
  • Announced availability of Saba People Management Cloud, delivering Saba’s people management solutions on Amazon Web Services. The Saba People Management Cloud will give companies the elasticity to use as little or as many of Saba’s services as they need, while paying only for what they use, with no up-front expenses.

Awards & Recognitions

  • Recognized in Bersin & Associates Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles as the market leader for enterprises with over 10,000 employees. The study touted Saba Enterprise’s extensive configurability, embedded collaboration for talent management adoption and its integrated, sophisticated, workforce planning application.
  • Recognized in the 2009 Gartner Magic Quadrant for Social Software in the Workplace based on completeness of vision and ability to execute. Saba was the only vendor in the people management solutions market to receive recognition in this report.
  • Recognized for growing momentum in social software by Chief Learning Officer Magazine who bestowed a Learning in Practice Award for “Excellence in Social Networks” to the company. The Excellence in Social Networks Award recognizes providers that have deployed wikis, blogs, communities of practice, social networks and/or any other employee communication and collaboration platforms for a client in the past year.

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

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Softscape Named a Category Leader in Customer Satisfaction for Global Enterprises

December 31, 2009

 

Bersin & Associates Recognizes Softscape for its Leadership in Total Customer Implementation Satisfaction

HRchitect featured Softscape 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 vendors that businesses should consider. 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. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Softscape, an innovator powering complete people management solutions, today announced further industry validation of its talent management software and support for large global enterprises. In a report recently issued by leading industry analyst firm Bersin & Associates, Softscape was recognized for its high level of customer satisfaction. 

Bersin & Associates’ Talent Management Systems 2010: A Comprehensive Study of Customer Experience with Talent Management Systems, focuses on identifying specific product, vendor and implementation factors that drive success for end user customers. In the report, Softscape’s HR platform is noted as a category leader specifically in total customer implementation satisfaction for global enterprises.

“Softscape’s long term partnerships with customers, some over a decade, are rooted in our unwavering dedication to their satisfaction and improving their bottom-line business results” said Dave Watkins, Softscape CEO and co-founder. “We consistently reinvest into expanding our customer care programs and localized service centers to ensure customers receive the dedicated support they need to achieve their objectives. Our industry high 98% customer retention rate is testament to our achievement.”

According to the report, “Global enterprise companies have sophisticated IT organizations and evaluate their ERP vendors, as well as standalone software providers. They often look at the talent management system as a “platform” that will be integrated with many legacy applications, security and portal systems, and various other employee directories and collaboration tools.” The report continued, “As large, global organizations seek to increase the sharing of talent globally and to align all employees with the business goals, they require systems to support consistent processes, data and reporting enterprise wide. Only a few talent management suites offer comprehensive support to accommodate complex global implementations today.”

Softscape’s customers represent large, multi-national enterprises with complex needs, and average over 38,000 employees. As one of the only vendors with fully integrated core human resources management (HRMS) in a talent management system, Softscape provides customers with a single platform to manage the complete employee life cycle. Softscape connects all HR and talent functions, including performance and goal management, succession, career development, 360 feedback, learning, compensation, incentives & rewards, recruiting & hiring, on-boarding, workforce planning, social networking, and core HR records. By providing one platform and interface into all these functions, customers achieve unprecedented analytic insight into their workforces and operations to improve business decision making.

For more information about Softscape’s solutions, please visit http://www.softscape.com.
Matt Lafata, HRchitect

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