Beijing – June 12, 2007 – SumTotal® Systems, Inc. (Nasdaq: SUMT) announced that Novo Nordisk has purchased licenses for SumTotal’s Enterprise Suite™, a software platform for managing talent as well as analyzing, storing and delivering learning, to bring a comprehensive and consistent workplace education and development program to its China-based employees.
The suite includes TotalLMS™, a learning management system (LMS) that will deliver, track and report on learning and development for the healthcare company’s China division, and TotalAccess™, which connects employees to learning via laptops, kiosks and hand-held devices. Along with the suite, Novo Nordisk bought licenses for SumTotal’s ToolBook™ Instructor, software for creating, among other things, web-based training and software application simulations.
Denmark-headquartered Novo Nordisk started its China operations in 1994. After years of development, it has over 1,000 employees in China. The company will use SumTotal’s software to deliver new-hire training for its growing roster of employees in China. The Denmark-based healthcare company will also provide its China-based employees with instruction on compliance codes as well as product training for its sales team.
“We believe the SumTotal system will not only standardize our training but also keep pace with the demand for an ever-increasing need for new-hire and product-related education,” said Wang Shuhong, director, Human Resources and Business Exchange, Novo Nordisk China. “There is still considerable work to do before this project is completed. But once accomplished, we feel the platform will help us educate our workforce and continually assess how well our staff is performing.”
“Today’s announcement follows other successful initiatives we’ve completed in Asia, including work for the Singapore Prison Service and Liaoning Mobile, a subsidiary of China Mobile,” said Alex Raymond, vice president, Asia-Pacific, for SumTotal. “We believe we’re making progress with our strategic efforts to expand our international business into new markets.”
About Novo Nordisk
Novo Nordisk is a healthcare company and a world leader in diabetes care. The company has the broadest diabetes product portfolio in the industry, including the most advanced products within the area of insulin delivery systems. In addition, Novo Nordisk has a leading position within areas such as haemostasis management, growth hormone therapy and hormone replacement therapy.
Novo Nordisk manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society.
With headquarters in Denmark, Novo Nordisk employs approximately 23,600 full-time employees in 79 countries, and markets its products in 179 countries.
About Novo Nordisk in China
As early as the 1960s, Novo Nordisk's products were introduced to the China market. In 1994, the Novo Nordisk Board decided to launch a strategic investment project in China and set up Novo Nordisk (Tianjin) Biotechnology Co., Ltd., which was renamed as Novo Nordisk (China) Pharmaceuticals Co., Ltd. Headquartered in Beijing, Novo Nordisk now has regional offices in Shanghai, Guangzhou, Wuhan, Shenyang, Jinan and Hong Kong, production facilities in Tianjin, and an R&D center in Beijing, employing over 1,000 employees.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (NASDAQ: SUMT) is a global provider of talent and learning management solutions. SumTotal deploys mission-critical solutions designed to align goals, develop skills, assess performance, plan for succession and set compensation. SumTotal’s solutions aim to accelerate performance and profits for more than 1,500 companies and governments of all sizes, including six of the world’s 10 biggest pharmaceutical makers, six of the 10 largest automotive companies in the world, four of the five branches of the U.S. Armed Forces, three of the world’s top five airlines, two of the five largest banks in the world and two of the world’s top five specialty retailers. Mountain View, Calif.-based SumTotal has offices across Asia, Australia, Europe and North America. 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. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners.
Safe Harbor / Forward-Looking Statements
Information in this press release contains forward-looking statements including, but not limited to, the anticipated benefits of SumTotal’s products and solutions, such as SumTotal’s Enterprise Suite, and SumTotal’s international growth and initiatives, including in Asia. These statements represent SumTotal Systems' expectations or beliefs concerning future performance and 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 manage and increase growth, including in Asia, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; (ii) the acceptance of SumTotal’s software suite and future product offerings; (iii) unknown errors or bugs in SumTotal’s software suite; (iv) the ability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of SumTotal’s software; (v) the ability to successfully implement SumTotal Systems' solutions; (vi) the ability to successfully address technological developments and standards; 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 company’s annual report on Form 10-K filed on March 16, 2007, its quarterly report on Form 10-Q for the period ended March 31, 2007, filed on May 9, 2007, its Form S-3/As filed on September 28, 2006, and October 2, 2006, and its Form 8-Ks. The forward-looking statements contained in this release are made as of the date of this news release, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release.