Industry's Largest & Most Complete Talent Management Provider Extends Leadership Position and Expands into Additional Target Markets
SumTotal Systems Inc., the global leader in complete talent management solutions, today announced that it has acquired GeoLearning. This strategic acquisition expands on the company's significant growth and momentum and further solidifies SumTotal's market leadership position by adding proven go-to-market capabilities in mid-market, government, and extended enterprise market segments. The combined footprint provides unparalleled capabilities that cover the complete spectrum of Talent Management business needs. SumTotal now represents the industry's largest and most complete provider of learning and talent management software across the globe with full end-to-end capabilities and market dominance.
"With the acquisition of GeoLearning, SumTotal has snapped up one of the leading LMS players to even more firmly establish its #1 position in the learning market and strong position in integrated Talent Management Systems," said Josh Bersin, president and chief executive office, Bersin & Associates. "GeoLearning's strengths in SaaS, extended enterprise solutions, and managed services for the SMB and mid-market will help SumTotal continue to grow its leadership position in all segments of the market."
Founded in 1997, GeoLearning is the leading provider of managed services and on-demand learning management software. GeoLearning has a recognized history of innovation with comprehensive software products to address the needs across both employee development and extended enterprise. Companies, government agencies, and non-profit organizations rely on GeoLearning's deep domain expertise to drive organizational performance. GeoLearning has been the ideal partner for organizations seeking to increase sales, accelerate time to market, raise productivity, generate new revenue streams, and reduce expenses.
With customers such as Sony Electronics (NYSE:SNE), Amway (KUL:AMWAY), Seagate (NYSE:STX), Dell (NASDAW:DELL) and Google (NASDAQ:GOOG), SumTotal represents the industry's largest provider of learning and talent management solutions with over 39 Million users across 2,300 global customers. The company's talent management software offering is leading the industry with integrated learning, performance, compensation, succession, development, 360 feedback, hiring, social collaboration, planning, workforce analytics, and core HR management, all from a single vendor. This strategic acquisition fufills SumTotal's promise to the market to provide the most complete talent management offering and to every market segment.
"This is great news for our customers who now have access to additional expert resources and a comprehensive offering that spans all strategic HR functions," said Scott Andriano, Senior Vice President of Sales at GeoLearning. "With significant backing focused on delivering real long-term customer value, our combined companies have the ability to more rapidily invest and scale to support growing customer demand."
The acquisition provides customers with many immediate benefits:
- Fully integrated Talent Management covering the business needs of every market segment
- Established localized operations with customers deployed in 156 countries in 39 different languages
- Significant resource expansion across R&D, Services, Support & Account Management
- Deep domain & subject matter expertise across 38 different verticals
- Expansive user community sharing best practice in Fortune 500, mid-market, government, and extended enterprise markets
- Proven leadership with extensive knowledge in HR & technology advancement
- Single vendor solution that mitigates customer risk
"These are exciting times for our industry, and our mission remains focused on significantly increasing the value our customers gain from partnering with SumTotal," said John Borgerding, CEO of SumTotal Systems. "The focus and dedication to our team has for customers and this industry is represented in this strategic acquisition. As the true market leader, we will continue to innovate, accelerate and help our customers to achieve new levels of success."
For more information, visit the company's website at www.sumtotalsystems.com
About SumTotal Systems, Inc.
SumTotal Systems, Inc. is the global leader in complete talent management software that enables organizations to more effectively drive business strategy. Recognized by industry analysts as the most comprehensive talent management solution, SumTotal provides full employee lifecycle management, including a core system of record, from a single provider for improved business intelligence. The company offers customers of all sizes and in all industries the most flexibility and choice with multiple purchase, configuration, and deployment options. With more than 2,300 custoemrs and 39 million users worldwide, we have increased the performance of the world's largest organizations including Sony Electronics (NYSE:SNE), AstraZeneca (NYSE:AZN [ADR];London: AZN), Amway, GKN (London: GKN), and Seagate (NYSE:STX).