SABA ( $12-->$15) Completes Record Fiscal Year
Saba Solidifies Leadership Position in the Human Capital Development And Management Market in Fiscal Year 2001 With Enhanced Solutions That Extend Across Key Industries
REDWOOD SHORES, Calif., June 27 /PRNewswire/ -- Saba (Nasdaq: SABA - news), the leading provider of human capital development and management (HCDM) solutions, today announced that it has completed a record fiscal year with enhanced solutions, proven customer successes, and significant customer growth in key industries around the world. Of the companies included on the 2001 Fortune 500 list, 3 of the top 5 companies are ``on Saba,'' as well as all of the ``Big 3'' automotive manufacturers and 3 of the ``Big 5'' consulting firms. In the Public Sector, Saba has successfully signed up the Army University Access Online, the Federal Law Enforcement Training Center, branches of the U.S. Government, as well as the governments of Norway, the Netherlands and Scotland. Additionally, 13 of the top 20 high tech companies are ``on Saba.''
The Saba Learning Enterprise and ASP Edition customer count more than doubled to 152 customers from 63 last year, and its ``live'' customer count quadrupled to 97 customers. The number of consultants trained to implement Saba solutions doubled as well. Saba leveraged its business model by growing revenues 200% in 2001.
``Saba has successfully executed its business strategy throughout fiscal year 2001,'' said Sebastian Grady, Saba President and COO. ``The year began with increasing business momentum, new blue chip customers, and enhanced products and services. Despite changes in the economic environment, we have maintained momentum and continue to see strong market demand for human capital development and management solutions that provide competitive advantage for global organizations. We will continue to focus our efforts on ROI for our customers and achieving profitability for our shareholders.''
By implementing Saba Learning across the extended enterprise, key Saba customers have achieved significant return on investment:
-- Procter & Gamble, with Saba Learning Enterprise powering their
RapidLEARN system, is forecasting a 5-year after tax savings of over
$14 million through content consolidation, and Web-based and live
distance e-learning. Using Saba Learning Enterprise, P&G is also able
to achieve its goal of offering 24X7 access to personalized learning
opportunities in a variety of forms, bolstering P&G's reputation as an
employer of choice.
-- Cisco has achieved between a 40% and 60% cost savings across their
learning infrastructure. They have significantly decreased their
product development cycle and time-to-market, ensuring their ability to
maintain their position as an industry leader.
Fiscal Year 2001 Highlights
Saba Secured Key Customers
Global enterprises and government agencies across all key geographies chose the globally scalable Internet-based architecture of the Saba platform:
-- The U.S. Army is using Saba Learning to help provide enlisted soldiers
convenient and easy access to higher education degrees and advanced
training certifications, via the Army University Access Online program
(AUAO).
-- General Motors University (GMU), the global network for General
Motor's education and training activities, will utilize Saba Learning,
hosted and administered by General Physics, to manage the learning
efforts of its 65,000 salaried employee workforce in the U.S. and
Canada.
-- ABN AMRO, Europe's fifth largest bank, licensed Saba Learning to
provide employees with an Internet-based learning solution.
-- Standard Chartered Bank (SCB) has chosen to implement Saba Learning on
a global scale for the bank's employees.
Saba Customers Successfully Went ``Live'' on Saba Learning
Saba customers around the world quickly deployed Saba solutions across their extended enterprises of customers, partners, employees, and suppliers.
-- GE Corporate Research & Development, GE Plastics and GE Power Systems
selected Saba to streamline and automate its training and education
tracking processes. The Saba system is accessible to 47,500 GE
learners.
-- Procter & Gamble deployed Saba Learning and more than 100,000 P&G
employees are "on Saba" for personalized skills training.
-- Continental Airlines has implemented Saba Learning for
25,000 employees.
-- The Federal Law Enforcement Training Center (FLETC) selected Saba
Learning Network for its distributed learning program to provide
critical training and re-education programs to officers from federal,
state and local law enforcement agencies.
-- Cisco Systems, the worldwide leader in networking for the Internet, has
gone "live" on Saba. The pure-Internet Saba learning and performance
platform, currently accessible to Cisco employees and contractors in
the U.S., Europe, the Middle East, Africa and Japan, was jointly
developed by Saba and Cisco to meet their enterprise-wide learning
needs.
-- EMC, with over 20,000 employees, customers and business partners across
50 countries has gone "live" on Saba.
-- 3Com has three educational groups utilizing Saba infrastructure, which
marks the first milestone of a phased global implementation plan to
provide learning programs to sixteen educational groups within 3Com.
-- Network Appliance has implemented Saba Learning on its own
center-to-edge(TM)(TM) storage and content delivery solutions to manage
its continuously growing demand for expanded training and certification
on new and existing Network Appliance products.
-- EDS University is using the Saba platform to implement an
enterprise-wide learning solution to support all forms of learning,
helping to increase employee productivity and efficiency.
Saba Significantly Expanded Its Global Strategic Alliance Partner Program
Leading organizations teamed with Saba to provide comprehensive human capital development and management solutions to global enterprises and government agencies:
-- Deloitte Consulting, one of the world's leading eBusiness consulting
firms, and Saba announced a broad strategic alliance.
-- The Centre for Performance Improvement of PricewaterhouseCoopers (PwC),
the world's largest professional services organization, formed a
strategic alliance with Saba.
-- Unifi Network, a division of PricewaterhouseCoopers, and Saba announced
a strategic partnership in which Unifi will incorporate Saba Learning
Enterprise as its infrastructure component for Unifi's learning
outsource service.
-- Raytheon Professional Services, a leading performance improvement
company, and Saba announced a global strategic alliance to provide
comprehensive learning management and integration services to
Global 2000 customers.
-- Latitude360, a division of RWD Technologies, and Saba signed a
strategic alliance and product licensing agreement to empower
Latitude360 customers with integrated learning and certification
offerings on the Saba platform, as well as to jointly develop
opportunities to drive new business globally.
Saba launched new and enhanced products
Saba expanded its product strategy into Human Capital Development and Management solutions and announced products that automate the management of learning, performance, content and resources across the extended enterprise:
-- Saba Learning Enterprise, the industry's first integrated e-learning
product that leverages a scalable standards-based Internet architecture
to centralize learning delivery and management in a single system.
-- Saba Learning Network, the ASP edition of the award-winning Saba
Learning.
-- Saba Performance, the industry's first globally scalable,
Internet-based performance management system. Fully integrated with
Saba Learning, Saba Performance automates the process to fully execute
business strategy and align goals to ensure optimal performance across
the extended enterprise.
-- Saba Content, a globally scalable, Internet-based content management
system that automates the key processes involved in managing and
distributing relevant knowledge content.
-- Saba Publisher, an easy to use, powerful publishing tool, that enables
Saba customers to create new learning content and repurpose existing
content, and then assemble it for delivery via the Saba Learning
product family.
Saba Expanded Its Executive Management Team
Saba added superior expertise in key business areas:
-- Saba announced the appointment of veteran software sales and operations
executive Sebastian Grady to the newly created position of President
and Chief Operating Officer.
-- Saba added over 10 industry veterans to its management team including
Peter Riccio, Vice President of North American Sales; Nigel Pullan,
Senior Vice President of International Sales; and William Bell, Vice
President of Global Consulting.
Saba Received Key Industry Awards
Leading publications and industry groups acknowledged Saba and its products throughout the year:
-- InformationWeek ranked Saba #27 on its Innovation 100 List.
-- Computerworld named Saba to its list of 100 Emerging Companies to Watch
in 2001.
-- Saba Learning Enterprise received its second consecutive Crossroads
A-List Award for its ability to provide organizations with the
infrastructure necessary to manage enterprise-wide learning.
-- Software Magazine ranked Saba as one of the world's largest software
companies by including it on the 18th Annual Software 500.
About Saba
Saba is the leading provider of Human Capital Development and Management (HCDM) solutions that consist of Internet-based learning, performance, content and resource management systems, business-to-business exchanges, integrated content and related services. Customers around the world rely on Saba for human capital development and management infrastructure to increase competitive advantage by rapidly building critical skills throughout their extended enterprise of customers, partners, employees and suppliers.
Global 2000 customers include EDS, Procter & Gamble, Medtronic, Anheuser-Busch, Cisco Systems, Ford Motor Company, DaimlerChrysler, General Electric, i2 Technologies, VERITAS Software, EMC Corp., Sun Microsystems, Hyundai, 3Com, the Competence Network of Norwegian Business and Industry and the U.S. Veterans Benefits Administration.
Founded in 1997, Saba is a global company headquartered in Redwood Shores, Calif. For more information, please visit www.saba.com or call 877-SABA-101 or 650-779-2791 in the Americas, +44-0-208-334-8043 in Europe, the Middle East and Africa or +61-2-9293-2538 in Asia/Pacific.
NOTE: Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owners.
SOURCE: Saba Software, Inc. |
