Sumtotal Systems

SumTotal Systems, Inc. is a software company based in Gainesville, Florida that provides strategic human capital management (HCM) software solutions to global enterprises, small to medium businesses, and government agencies. SumTotal provides full employee lifecycle management, including a core system of record, from a single vendor. The company’s end-to-end software platform includes performance management, goals management, competency management, career development, learning management (LMS), learning content management (LCMS), succession planning, career development, 360 degree feedback, compensation management, compensation administration, long-term incentive planning, salary planning, recruiting and hiring management, HR (human resource) management, social collaboration, workforce planning, workforce analytics, mobile learning, expense management, workforce management, knowledge management, customer training, sales training, partner training, channel training, and extended enterprise software^[1]

The company sells software and services using the Wikipedia definition of 'SaaS' model, and has multiple regional offices in several countries including the United States, Australia, Japan, UK, India, France, Germany, China and Hong Kong.^[2]

Products

The SumTotal product offering can be deployed modularly or in fully integrated solution and includes^[3]

• Planning & Analytics
• Performance Management
• Compensation Management
• Learning Management
• Succession Planning
• Career Development
• 360 Feedback
• Recruiting & Hiring
• Social Collaboration
• HR Management (HRMS)
• Workforce Management
• Expense Management
• Payroll & Benefits

Awards and Recognition

• SumTotal has been recognized for excellence in Talent Management initiatives at the Asia's Best Employer Brand Awards held in Singapore on 22 July 2011 at Suntec Singapore International Convention & Exhibition Center.
• March 2009 - Aberdeen Group, an independent research firm, highlighted SumTotal as the top LMS vendor in its report,The Rise of Learning Management Systems in Talent Management, with 75 percent of its surveyed customers citing satisfaction with their company's learning program.
• April 2009 - Bersin & Associates called SumTotal a pioneer in the enterprise learning management market in its report, LMS and Learning Platforms 2009.^[4]
• September 2009 - SumTotal has been positioned in the Leaders Quadrant by Gartner, Inc. in the "Magic Quadrant for Corporate Learning Systems".
• September 2009 - SumTotal's software as a service talent development solution, ResultsOnDemand, has been placed on KMWorld's Trend-Setting Product List of 2009.^[5]
• September 2009 - Bersin & Associates highlighted SumTotal as one of the top vendors in talent management systems in its report, Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles.^[6]
• November 2008 - SumTotal was named to the Deloitte 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.

Acquisitions

SumTotal Systems has made a number of acquisitions:

• On July 7, 2011, SumTotal announced that it has acquired Accero & CyberShift.^[7]
• In January 2011, SumTotal Systems announced the acquisition of GeoLearning a market leader in SaaS Learning Management.^[8]
• In September 2010, SumTotal Systems announced the acquisition of Softscape^[9]
• SumTotal was formerly trading on the NASDAQ stock exchange, but was bought out by Vista Equity Partners and taken private on July 21, 2009.^[10]
• In November 2006, SumTotal acquired MindSolve Technologies, a privately owned company, founded and still run by the same team that created the original software in 1994.^[11]
• In October 2005, the company acquired Pathlore, a specialist in state and local government and healthcare.^[12]

SumTotal Systems was formed in March 2004 by the merger of the learning management companies Click2learn and Docent.^[13]

Financial Backing

SumTotal Systems is backed by Vista Equity Partners, a leading private equity firm based in San Francisco, with over $2 billion in committed capital, focused on investing in software and technology-enabled businesses. Vista Equity has built a strong portfolio of over 13 software and technology-enabled businesses with a focus on long-term value creation. With total revenues of more than $3.5 billion and a combined earnings before interest, taxes, depreciation and amortization (EBITDA) of more than $1 billion, Vista Equity portfolio businesses employ more than 9,500 people and reach over 35,000 customers in more than 75 countries. In 2009, Vista Equity Partners completed a full buyout of SumTotal Systems^[14]

References