SumTotal(R) Systems, Inc. (NASDAQ:SUMT), a global provider of talent and learning
management solutions, has signed a contract with American Management
Association(R) (AMA) to provide AMA with ResultsOnDemand(R) --
Learning, a software-as-a-service (SaaS) model that will give AMA
customers access to a hosted version of SumTotal's award-winning
talent management suite, further expanding its successful Blended
Learning initiative.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 26, 2007--SumTotal(R)
Systems, Inc. (NASDAQ:SUMT), a global provider of talent and learning
management solutions, has signed a contract with American Management
Association(R) (AMA) to provide AMA with ResultsOnDemand(R) --
Learning, a software-as-a-service (SaaS) model that will give AMA
customers access to a hosted version of SumTotal's award-winning
talent management suite, further expanding its successful Blended
Learning initiative.
"This system gives us a substantially enhanced ability to manage
and guide customers through an effective learning experience," said
Nicholas Igneri Director of Learning technologies at American
Management Association. "This system will provide AMA a mechanism to
deliver a wide variety of content to our customers so we are sure new
skills and behaviors are applied back on the job.
Business professionals take AMA instructor-led seminars to learn
about business issues and topics that range from project management
and strategic thinking to marketing and time management. In order to
prepare for and continue with their interactive, live learning
experience, AMA purchased SumTotal's software to wrap web-based
learning tools around the traditional instructor-led model AMA has
followed. "In essence, we're blending instructor and online learning
to give our customers choice, feedback and more resources," said
Igneri.
AMA now takes learning beyond the classroom by providing online
prep materials, custom online content, assessments, eLearning courses
and virtual sessions. According to AMA, their approach allows
organizations and individual learners to measure the effectiveness of
their training programs -- helping to better demonstrate the return on
an investment. AMA plans to further expand its web offerings in 2008
by launching eCoaching, scenario-based video content and simulations.
"We believe AMA offers an excellent example of providing an
enriching and consistent learning environment to a company's
customers," said Don Fowler, chief executive officer of SumTotal.
"Having a rich selection of content and knowledge adds additional
value to the solutions already provided, making the AMA a preferred
resource."
About AMA
American Management Association (AMA) is a world leader in
professional development and performance-based learning solutions. AMA
provides individuals and organizations worldwide with the knowledge,
skills, and tools to achieve performance excellence, adapt to changing
realities, and prosper in a complex and competitive world. Each year
thousands of customers learn new skills and behaviors, gain more
confidence, advance their careers, and contribute to the success of
their organizations. AMA offers a range of unique seminars, workshops,
conferences, customized corporate programs, online learning,
newsletters, journals, and AMA books.
AMA has earned the reputation as a trusted partner in worldwide
professional development and management education that improves the
immediate performance and long-term results for individuals and
organizations. For more information on how you and your organization
can gain a competitive advantage, visit www.amanet.org.
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, five of the
six largest U.S. commercial banks 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, the SumTotal logo, and ResultsOnDemand 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.
Safe Harbor Statement/Forward-Looking Statements
Information in this press release contains forward-looking
statements, including, but not limited to, the anticipated benefits,
results and performance of SumTotal's products and solutions, such as
ResultsOnDemand. These statements represent SumTotal's 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's software solutions, including, without
limitation, ResultsOnDemand; (ii) the acceptance of SumTotal's
software suite and future product offerings; (iii) the ability to
successfully manage and increase growth, both within and outside of
the United States, significant current and expected additional
competition, and the need to continue to expand product distribution
and services offerings; (iv) the actual demand and growth of the
market for performance management products and services; (v) the
inability to fix in a timely fashion unanticipated bugs, errors or
defects that materially impact the functionality or usability of
SumTotal's software; (vi) the ability to successfully implement
SumTotal's solutions in the future; (vii) the ability to successfully
address technological developments and standards; and (viii) other
events and other important factors disclosed previously and from time
to time in SumTotal's filings with the Securities and Exchange
Commission, including the company's annual report for fiscal year 2006
on Form 10-K filed on March 16, 2007, its quarterly report on Form
10-Q filed on November 8, 2007, its Prospectus Supplement filed on
Form 424B2 filed on May 21, 2007, 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 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
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