Mountain View, Calif. – April 25, 2006 – SumTotal™ Systems (NASDAQ: SUMT) has signed a $13-million contract to deliver learning and business performance software and services to ExcellerateHRO, the jointly owned human resources (HR) outsourcing business of EDS and Towers Perrin. Under the agreement, ExcellerateHRO’s customers can access SumTotal’s Enterprise Suite 7.2 – consisting of a learning management system (LMS), learning content management system (LCMS), and performance management solution – by tapping into a web-based portal developed and administered by ExcellerateHRO. ExcellerateHRO will use the SumTotal suite to prescribe learning plans and training, track certification and compliance related activities, and boost employee productivity and performance.
The partnership between SumTotal and ExcellerateHRO means the Mountain View, Calif.-based company’s solution will serve as the learning- and performance-management platform for ExcellerateHRO’s offering to Global 2000 and mid-size enterprises.
According to an October 5, 2005, research report from Forrester, “Increasing customer demand and increased sophistication of human resources outsourcing (HRO) services have all contributed to recent growth” for HRO providers. Forrester goes on to say that “workforce management” and “learning administration” are processes that companies are increasingly asking for when they choose an HRO solution. In a 2003 report, Forrester estimated the HRO market to be worth $7.3 billion by 2008.
“Today’s HR outsourcing customers are looking for a full-service provider with market-leading solutions, global reach and HR industry expertise,” said Jim Sciano, vice president, product development at ExcellerateHRO.
ExcellerateHRO manages the people, processes and technology that drive traditional HR functions in organizations, including payroll, benefits, workforce development, recruiting and staffing, relocation and assignment, compensation management, absence management and workforce administration.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (NASDAQ: SUMT) is the largest provider of learning and business performance technologies and services. SumTotal deploys mission-critical solutions that align learning with organizational and business goals to generate significant bottom-line results. With more than 17 million users worldwide, SumTotal has helped accelerate performance and profits for more than 1,500 of the world’s best-known companies and government agencies including Accenture, Aetna, Cendant, DaimlerChrysler, Delta Air Lines, Harley-Davidson, Microsoft, Novartis, PNC Bank, U.S. Army, U.S. Air Force, U.S. Navy, U.S. Coast Guard, U.S. Bancorp, United Airlines, Vodafone, Wachovia and Wyeth. SumTotal has offices throughout the United States, in London, Paris, Singapore, Sydney, Tokyo, Hong Kong and Hyderabad, India. For more information about SumTotal's products and services, visit www.sumtotalsystems.com.
Safe Harbor Statement/ Forward-Looking Statements
This press release contains forward-looking statements. These statements represent SumTotal Systems' expectations or beliefs concerning future events. These statements are not historical facts or guarantees of future performance or events and are based on current expectations, estimates, beliefs, assumptions, goals and objectives, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed or implied by these statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. Additional factors that could cause actual results to differ include, but are not limited to (i) unknown errors or bugs in SumTotal Enterprise Suite 7.2; (ii) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of SumTotal Enterprise Suite 7.2; (iii) the acceptance of SumTotal Enterprise Suite 7.2 and future product offerings; (iv) the ability to successfully implement SumTotal Systems' solutions; (v) the ability to successfully address technological developments and standards; (vi) the ability to successfully manage growth, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; and (vii) other events and other important factors disclosed previously and from time to time in SumTotal Systems' filings with the Securities and Exchange Commission, including the annual report for fiscal year 2005 on Form 10-K filed March 28, 2006, and Form 8-Ks.