SumTotal Gives HR Pros Way to Rapidly Deploy Performance Management Software
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 11, 2007--SumTotal(R)
Systems, Inc. (NASDAQ:SUMT), a global provider of talent and learning
management solutions, has launched ResultsOnDemand(TM) -- Performance
for HR professionals who want to rapidly deploy software that either
builds or manages systems for employee performance and compensation.
"Whether you're looking to automate performance appraisals for the
first time or apply technology to inspire the way you currently assess
your talent, ResultsOnDemand provides an easy-to-use, intuitive
interface for employees and employers," said Jon Ciampi, SumTotal's
vice president and general manager for OnDemand Solutions.
"ResultsOnDemand offers HR pros a way to manage employee appraisals,
goals, succession planning and compensation."
As reported by IDC in research titled "Worldwide Workforce
Performance Management 2007 -- 2011 Forecast," 59 percent of
respondents to a survey about performance management processes noted
that they either rely on a paper-based system for things like
succession planning and employee appraisals or have no system in place
at all.
"Clearly, many HR pros have the need for a better way to do
business," said Ciampi. "So we've introduced a product with
performance appraisal workflows that mirror the best practices of
hundreds of employers."
ResultsOnDemand -- Performance is SumTotal's software-as-a-service
(SaaS) model for analyzing performance over the Internet. SumTotal's
rapid-deployment performance product includes:
-- a module that gives employers web-based performance
appraisals that turn annual reviews into a quick-and-easy
daily -- or weekly -- activity,
-- goals management with a cascading structure that shows how
an employee's aims marry up with an employer's business
objectives,
-- tools for allowing peers, supervisors and direct reports
to offer feedback on someone's performance,
-- systems for evaluating talent pools and paths for
succession planning,
-- a module for managing pay, including merit increases and
bonuses, and
-- a sophisticated synchronization technology, which users
tap to access the system either on-line or off-line.
"ResultsOnDemand can quickly become the foundation for an HR team
that wants to put in place a process for managing employee
performance, or it's flexible enough to map to the way an organization
already evaluates employee performance," said Ciampi. "Either way,
this new SaaS offering spells two things: first, speedy
implementations and second, continuously applied enhancements, instead
of periodically applied improvements over a long release cycle."
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 and the potential growth and market for performance
management products. 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 August 7, 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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