
Hyderabad, INDIA – December 3, 2007 – SumTotal™ Systems (Nasdaq: SUMT), a global provider of talent and learning management solutions, and its global partner New Delhi-based NIIT Limited announced the successful implementation of its award-winning Learning Management System at ICICI Group, a leading financial services group in India.
ICICI Group has successfully implemented SumTotal’s solution as an enterprise application for aligning the e-Learning needs of its employees. ICICI Group includes companies like - ICICI Bank Ltd., ICICI Prudential Life Insurance Co., ICICI Lombard General Insurance Company and ICICI Securities LTD.
ICICI Group joins not only five of America’s top-six commercial banks as ranked by Fortune magazine but also top-tier financial firms including Brazil’s largest private-sector bank Banco Bradesco in choosing SumTotal’s solutions. SumTotal Systems deployed its award-winning SumTotal Enterprise Suite™ in the bank’s Learning Management System called “The Learning Matrix”.
“This implementation has provided ICICI an efficient and cost-effective business learning management solution making training more accessible to our employees” said Amit Sethi, Joint General Manager-IT, of ICICI Bank Ltd.
In addition to its employees in India, ICICI Bank implemented SumTotal’s solution in Canada, the United Kingdom, Singapore and Bahrain.
“SumTotal’s system supports our e-Learning needs across multiple time zones and languages,” said Paulus DeLima, Deputy General Manager-HR, of ICICI Bank Ltd.
In 2005, ICICI Bank earned one of the American Society of Training and Development’s coveted BEST awards for enterprise-wide success through learning. “To ensure that we continue to provide the highest-quality learning and development programs to our employees, we’ve made a concerted effort to work with only the best partners”, added DeLima.
About ICICI Group
ICICI Group is a leading financial services group in India. From providing financial services to farmers and artisans in villages, to establishing footprints across the world, ICICI Group has spread both its presence and its range of products and services to meet the demand for financial services from Indian corporates and individuals. ICICI Group includes - ICICI Bank, India's largest bank by market capitalization; ICICI Prudential Life Insurance, India's largest private sector life insurance company; ICICI Lombard General Insurance, India's largest private sector general insurance company; ICICI Prudential Asset Management, India's second largest mutual fund; ICICI Venture Fund Management Company Limited, leader in private equity in India and ICICI Securities Limited, the securities and primary dealership business of the ICICI Group.
About NIIT
NIIT, Asia’s No. 1 trainer and leading Global Talent Development Corporation, offers learning and knowledge solutions to 5 million students across 32 countries. NIIT Institute of Finance Banking & Insurance (IFBI), formed with equity participation from ICICI Bank, offers programs to develop talent for the banking industry. NIIT offers turnkey IT integration program for schools. NIIT has provided computer-based learning to over 5000 government and private schools.
NIIT’s Corporate Learning Solutions, offers integrated learning solutions (including strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. is the global leader of strategic Human Capital Management (HCM) solutions that provide organizations with a new level of visibility to help make more informed business decisions and accelerate growth. Recognized by industry analysts as the most complete solution, SumTotal provides full employee lifecycle management, including a core system of record, from a single provider for improved business intelligence. The company offers customers of all sizes and industries the most flexibility and choice with multiple purchase, configuration, and deployment options. We have increased the performance of the world’s largest organizations including Sony Electronics (NYSE: SNE), AstraZeneca (NYSE: AZN [ADR]; London: AZN), Amway (KUL:AMWAY), Seagate (NYSE: STX), Dell (NASDAQ:DELL), and Google (NASDAQ:GOOG).
For more information, or to request a demo, please call +1 (866) 768-6825 (US / Canada), +1 (352) 264-2800 (international) or visit www.sumtotalsystems.com.
SumTotal and the SumTotal logo, are registered trademarks or 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.
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