Mountain View, Calif. – September 6, 2006 – SumTotal® Systems (NASDAQ: SUMT), the largest provider of talent, learning and business performance technologies and services, said that KMWorld magazine has designated SumTotal Enterprise Suite 7.2 as a KMWorld Trend-Setting Product of 2006. KMWorld picked SumTotal’s software because it “enhances the performance-management process and integrates learning activities as part of a worker’s development plan.”
The magazine’s list of trend-setting products for 2006 appears in the September issue of KMWorld as well as at www.kmworld.com. SumTotal 7.2 is the newest version of the company’s award-winning software suite.
“Assembling the list of Trend-Setting Products of 2006 is a year-long collaborative effort with editorial colleagues, analysts and, especially, users,” says Hugh McKellar, KMWorld editor in chief. “Roughly 1,500 products from some 300 vendors were considered, and the ones listed here demonstrate exquisite execution designed for, and with input from, the most important constituency of them all – customers.”
“The name of the game in learning today is managing talent, not just training,” said David Crussell, SumTotal chief operating officer. “When a magazine like KMWorld gives our product’s design such special recognition, it means we’re doing the right thing for our customers.”
SumTotal’s new platform is at the nexus of what many industry analysts say is the “hottest segment” of the burgeoning market for HR applications: the performance and talent management segment. In a January 2006 research report, Forrester noted that technologies for managing performance, talent and learning are among several strategic applications leading the growth of the $9-billion market for HR applications.
SumTotal 7.2 lets employers smoothly follow the performance management process, integrating learning activities as part of a worker’s development plan. The SumTotal platform also gives managers a way to spend less time writing appraisals and more time pinpointing how to bulk up an employee’s skills. And SumTotal 7.2 offers employees instant access to development plans with recommendations for the sort of learning that will help them meet their goals as well as their company’s overall aims.
About KMWorld
The leading information provider serving the knowledge management systems market, KMWorld covers the latest in content, cocument and knowledge management and informs more than 51,000 subscribers about the components and processes – and subsequent success stories – that together offer solutions for improving business performance.
About SumTotal Systems, Inc.
SumTotal Systems (NASDAQ: SUMT) is the largest provider of talent, learning and business performance technologies and services. SumTotal deploys mission-critical solutions that align talent and knowledge with 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, Frankfurt, Paris, Singapore, Sydney, Tokyo, Hong Kong and Hyderabad, India. For more information about SumTotal's products and services, visit www.sumtotalsystems.com.
SumTotal and the SumTotal logo are trademarks or registered trademarks of SumTotal Systems, Inc. or its affiliates in the United States or other countries. Other names may be trademarks of their respective owners.
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) the ability to successfully implement SumTotal Enterprise Suite 7.2; (ii) unknown errors or bugs in SumTotal Enterprise Suite 7.2; (iii) 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; (iv) the ability to successfully translate the implementation and integration of SumTotal Enterprise Suite 7.2 into efficiency gains; (v) the acceptance of SumTotal Enterprise Suite 7.2 and future product offerings; (vi) the ability to successfully address technological developments and standards; (vii) 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 (viii) 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 company’s annual report for fiscal year 2005 on Form 10-K filed March 28, 2006, the company’s quarterly report on Form 10-Q filed on August 8, 2006, and its Form 8-Ks. SumTotal Systems assumes no obligation to update the information in this press release.