MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 6, 2006--SumTotal(R)
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 a
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, document 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.
CONTACT: SumTotal Systems, Inc.
Bill Perry, 614-975-7538
bperry[at]sumtotalsystems.com