Redwood Shores, California, United States
Saba (NASDAQ: SABA), the premier Human Capital Management (HCM) software and services provider, today announced that it has passed the 10 year mark of continuous business operations with significant global momentum. As a pioneer in delivering the first enterprise learning management system in 1997, Saba has continuously extended its suite of products and services that enables organizations to bring a highly disciplined approach to aligning, developing, and managing their people. Today Saba's comprehensive people management solutions encompass learning, collaboration, performance, and talent management, and are used by more than 1,100 customers worldwide. Saba's revenue run rate is approximately $100 million.
"Relatively few enterprise software companies endure for 10 or more years as an independent entity," said Bobby Yazdani, Chairman and CEO, Saba. "To have reached and surpassed this important milestone is a testament to the dedication of all the people at Saba who worked hard to achieve this goal. Saba's success over the last decade demonstrates the mission-critical importance that organizations globally place on the need to align, develop, and manage their people to drive organizational excellence. That is the value that Saba uniquely delivers to our customers."
"Saba's ability to deliver superior technology with global capabilities positions the company for continued success beyond this 10-year mark," said Jan Ginneberge, Vice President Learning, Head of Alcatel-Lucent University, Alcatel-Lucent. "Working with Saba over the past years has been good; we look forward to an even better relationship in the years to come."
Visionary Leader in People Management
Saba was founded on the core belief that people are the most critical, differentiating assets for organizations serious about excelling in the global, knowledge-based economy. In previous eras, information technology had been applied to data processing and to business processes such as customer relationship management. Saba's founders saw the need and opportunity to apply technology to strategic people processes--not just routine tasks such as payroll and benefits, but to developing, aligning, and managing people and enabling them to collaborate and share knowledge in order to drive organizational success. Saba's vision proved correct, and the company emerged to become a leader in today's $3 billion market for "human capital management" solutions.
As the first enterprise software company to enable the management of strategic people processes across the extended enterprise on a global basis, Saba's track record of industry innovations includes:
-- First enterprise-class, competencies-based learning system
-- First enterprise-class integrated learning and performance management system
-- First enterprise-class learning management system unifying formal and informal learning.
World-class Base of Satisfied Customers
Saba's customer base has grown to more than 1,100 customers today, with over 15 million end users spread across 150 countries. Saba is a standard platform for many of the largest global organizations, including Alcatel-Lucent, AstraZeneca, Cemex, Deloitte, IBM, Novartis, Procter & Gamble, 3M, the U.S. Army, and many others.
"Saba solutions have been instrumental in helping us accomplish our training and learning goals," said Larry Green, Vice President, Global Marketing & Sales Learning, Novartis. "The company's continuing innovations in real-time learning solutions should help us achieve even greater benefits. Congratulations and keep up the good work."
"We wish Saba many more decades of innovation and success beyond this 10-year milestone," said Pam Solstad, Manager, Global Employee Development, 3M. "Saba's commitment to supporting and developing its technology and services helps protect our company's investment in their solutions over the long term."
"Saba has provided an excellent solution, which improves our possibilities to ensure and prove compliance training for the rules and regulations within the pharmaceutical industry. It is also giving the benefit to tailor make training for different roles and is a useful tool in our effort in being able to deliver effective learning solutions for our staff," said Marianne Falck, Global L&D Project Leader, AstraZeneca HR, Global Learning & Development. "Our collaboration during our five years has developed and Saba is providing valuable support to AstraZeneca."
Global Company from Day One
Beginning as a garage start-up, Saba was built from the ground up as a global enterprise with the intention of serving organizations on a worldwide basis. Early on the company established significant engineering operations in India and opened offices in key geographies. The company's flagship Saba Enterprise suite supports 23 languages, and today Saba has more than 570 employees on five continents, with local sales, service and support offices in key and emerging markets.
Many early customers came from outside the U.S., including Bank of Tokyo-Mitsubishi UFJ, DaimlerChrysler, Discovery Health (South Africa), National Australia Bank, Petrobras, Standard Bank of South Africa, Standard Chartered Bank, Tata Consultancy Services, and Telmex. The breadth of Saba's worldwide presence and capabilities to implement and support its solutions on a global basis are key differentiators that make Saba a preferred partner for leading multinational enterprises.
A Continuing Journey
"The last 10 years was just the beginning of what we expect to be a long and interesting journey," said chairman and CEO Yazdani. "All macroeconomic, social, and demographic trends point toward the need for organizations to invest significantly more in their most important asset--their people--as the basis for organizational success transitions from information management to people management. We have only scratched the surface of this opportunity."
Saba's 10 year anniversary will coincide with the launch of a new online advertising campaign planned to appear in the Harvard Business Review, Forbes, and New York Times. As part of the campaign, Saba also is unveiling a new billboard advertisement on Highway 101 in the heart of Silicon Valley.
About Saba
Saba (NASDAQ: SABA) is the premier Human Capital Management (HCM) software and services provider, using a people-centric approach to increase productivity and performance. As a trusted partner, Saba enables the Aligned Enterprise(TM) for over 1,100 customers in 150 countries by providing an integrated people management system to continuously align goals, develop people, improve collaboration and increase visibility into organizational performance.
Saba customers include ABN AMRO, Alcatel, Bank of Tokyo-Mitsubishi UFJ, BMW, CEMEX, Cisco Systems, DaimlerChrysler, Dell, Deloitte Touche Tohmatsu, EDS, EMC Corporation, FedEx Kinko's, Insurance Australia Group, Lockheed Martin, Medtronic, National Australia Bank, Novartis, Petrobras, Procter & Gamble, Scotiabank, Sprint, Standard Chartered Bank, Stanford University, Swedbank, Wyndham International, Weyerhaeuser, Underwriters Laboratories, and the U.S. Army and U.S. Navy.
Headquartered in Redwood Shores, California, Saba has offices on five continents. For more information, please visit www.saba.com or call (+ 1) 877-SABA-101 or (+1) 650-779-2791.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding Saba's future success, increased investment in people as the basis for organizational success and Saba's ability to take advantage of growing market opportunities. Saba's actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties Saba faces that could cause results to differ materially include risks associated with: Saba's dependence on growth of the markets for Saba's products, dependence on acceptance of Saba's products by customers and channel partners, fluctuation in customer spending, length of Saba's sales cycle, competition, rapid technological change, dependence on new product introductions and enhancements and potential software defects. Readers should also refer to the section entitled "Risk Factors" on pages 11 through 21 of Saba's Annual Report on Form 10-K dated August 18, 2006 and similar disclosures in subsequent Saba periodic SEC reports. The forward-looking statements and risks stated in this press release are based on information available to Saba today. Saba assumes no obligation to update them.
SABA, the Saba logo, Centra and the marks relating to Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. or its affiliates. All other trademarks are the property of their respective owners.
CONTACT: LEWIS PR for Saba Michelle Homes +1-415-992-4400 saba@lewispr.com
Source: Business Wire (Business Wire India)