SumTotal(R) Systems, Inc.(NASDAQ:SUMT), a global provider of talent and learning managementsolutions, has opened an office in Beijing to help Chinese companiesmeet China's growing demand for highly talented employees.
BEIJING--(BUSINESS WIRE)--May 23, 2007--SumTotal(R) Systems, Inc.
(NASDAQ:SUMT), a global provider of talent and learning management
solutions, has opened an office in Beijing to help Chinese companies
meet China's growing demand for highly talented employees.
"We are honored that SumTotal Systems has decided to open an
office in Beijing," said Zang Chunxiang, director of training and
development for the Republic of China's Ministry of Labor and Social
Security. "Chinese companies realize the tremendous value they can
gain by transforming their organizations and workforces to compete on
a global scale. We feel SumTotal opening this office is going to play
a key role in that development."
One effect of China's rapid economic transformation is that demand
for highly talented employees, especially people with local and
international managerial skills, now exceeds supply. This is driving
up some of the compensation packages for top talent and managers to
global levels as companies continue to set up branch offices, regional
headquarters and factories in China.
"It's difficult for Chinese and foreign companies to find the
number of talented managers they need in China," said Dave Crussell,
chief operating officer for SumTotal Systems. "Younger workers often
lack practical experience and leadership skills, while more
experienced managers are in short supply and command higher salaries.
For multinationals, it is now a challenge not only to recruit the best
people, but also to develop and retain them."
SumTotal believes that a key to developing China's talent is the
software maker's award-winning learning and talent management
platform: the SumTotal Enterprise Suite(TM). The SumTotal suite gives
employers the power to assess the potential of employees, develop the
skills and know-how of a workforce and supercharge a staff's
performance by aligning a workforce's goals with an employer's
business aims. To date, more than 1,500 of the world's best-known
companies and government agencies have tapped SumTotal's software to
deliver learning, assess performance and manage talent.
According to Li Zebin, general manager for Great Wall Computer
Software and Systems Inc., Ltd., as talent and performance management
systems become an increasingly important point of discussion for
Chinese businesses, systems such as SumTotal's are seen as a way to
gain competitive advantage on a global scale.
"We believe there's an outstanding opportunity to market and sell
SumTotal's software to our customers in China," said Li. "The opening
of this new office will enable closer collaboration with SumTotal and
will provide us with significant help to introduce the benefits
companies can enjoy from implementing a learning management system."
SumTotal Systems, whose new office is located at Chaoyang
District, already has a number of customers in China, including:
Shanghai Telecom, Liaoning Mobile, a wholly owned subsidiary of China
Mobile, Tencent and Shanghai Roche.
"With China unlocking its markets to international competition and
Chinese ventures expanding to compete in overseas markets, we feel
SumTotal Systems' state-of-the art talent management solutions are set
to play a key role in making Chinese companies more competitive on
both a global and local level," said Alex Raymond, SumTotal's vice
president for Asia-Pacific.
About SumTotal Systems
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, two of the
five largest banks in the world 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 and the SumTotal logo are trademarks or registered
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 Harbour / Forward-Looking Statements
Information in this press release contains forward-looking
statements, including, but not limited to, the expected growth in
Asia, including China, the expected benefits and performance of
SumTotal's office in China, and the anticipated benefits of SumTotal's
solutions. These statements represent SumTotal Systems' expectations
or beliefs concerning future performance and 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 manage and increase growth
outside of the United States, including in China, significant current
and expected additional competition, and the need to continue to
expand product distribution and services offerings; (ii) the
acceptance of SumTotal's software suite and future product offerings;
(iii) unknown errors or bugs in SumTotal's software suite; (iv) the
inability to fix in a timely fashion unanticipated bugs, errors or
defects that materially impact the functionality or usability of
SumTotal's software; (v) the ability to successfully implement
SumTotal Systems' solutions; (vi) the ability to successfully address
technological developments and standards; and (vii) 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 on Form 10-K filed on March 16,
2007, its quarterly report on Form 10-Q filed on May 9, 2007, its 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 of the date of this release, and SumTotal does not assume any
obligation to update such statements to reflect events or
circumstances occurring after the date of this release.
CONTACT: Media contact:
SumTotal Systems, Inc.
Bill Perry, +1 614-975-7538
bperry[at]sumtotalsystems.com
Investors contact:
SumTotal Systems, Inc.
Gwyn Lauber, +1 650-934-9594
glauber[at]sumtotalsystems.com
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