MOUNTAIN VIEW, Calif.--Feb. 9, 2006--SumTotal(TM) Systems
(Nasdaq:SUMT), the largest provider of learning and business
performance technologies and services, announced that JPMorganChase &
Co. (NYSE:JPM) has deployed SumTotal's Pathlore LMS 6.5, which is an
enterprise platform solution for analyzing, storing and delivering
learning. JPMorganChase will use the software, among other things, to
instruct 170,000 employees in 20 countries on job skills as well as
compliance and regulatory issues.
"Prior to SumTotal's acquisition of Pathlore last October, we
purchased Pathlore LMS 6.5 to manage our enterprise learning," said
Judy Albers, first vice president Learning Technologies at
JPMorganChase. "In December 2005, our system went 'live,' and we look
forward to working with the expanded SumTotal team."
SumTotal serves four of America's top five commercial banks as
ranked by Fortune magazine.
According to SumTotal, financial organizations use its solution to
reduce not only the time it takes to develop a workforce but also the
costs associated with learning and development. SumTotal says its
products also simplify regulatory compliance audits. Financial
institutions have also tapped SumTotal's technology to streamline the
delivery of strategic messages linked to mergers and acquisitions,
corporate restructurings, new products and services.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (Nasdaq:SUMT) is the largest provider of
learning and business performance technologies and services. SumTotal
deploys mission-critical solutions that align learning with
organizational and 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, Paris, Singapore, Sydney, Tokyo, Hong Kong
and Hyderabad, India. For more information about SumTotal's products
and services, visit www.sumtotalsystems.com.
Safe Harbor Statement/Forward-Looking Statements
Information in 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) unknown errors
or bugs in Pathlore LMS 6.5; (ii) the inability to fix in a timely
fashion unanticipated bugs, errors or defects that materially impact
the functionality or usability of Pathlore LMS 6.5, (iii) the
acceptance of SumTotal Enterprise Suite 7.1 and future product
offerings; (iv) the ability to successfully implement SumTotal
Systems' solutions; (v) the ability to successfully address
technological developments and standards; (vi) 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 (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 annual report for fiscal year 2004 on Form 10-K and its
quarterly reports for the first, second and third quarter of fiscal
year 2005 on Form 10-Q filed August 1, 2005, August 9, 2005, and
November 9, 2005, respectively.
CONTACT: SumTotal Systems
Bill Perry, 614-975-7538
bperry[at]sumtotalsystems.com