Mountain View, CA, September 9, 2008 — SumTotal® Systems, Inc. (NASDAQ: SUMT), the market leader and global provider of talent development solutions, today introduced a new version of ToolBook, the leading solution for rapidly creating effective eLearning content. ToolBook® 9.5 provides everything companies and government agencies need to create engaging content, assessments and simulations that can be deployed anywhere, at anytime.
“Corporate learning is no longer limited to the classroom or even the campus, and for many companies and organizations, the most vital subject matter can change daily,” said Sanjay Dholakia, SVP and GM, Learning and Talent Development for SumTotal systems. “SumTotal’s newest version of ToolBook combines the most efficient tools for content creation with the most innovative and comprehensive delivery options to ensure that our customers can engage employees across geographies, time zones and devices.”
With ToolBook, SumTotal customers only need to learn one product to create all common types of learning formats – interactive content, assessments, quizzes and simulations. While other providers require customers to purchase and learn multiple products to create this same variety of content, SumTotal offers the most comprehensive and efficient creation methods on the market. ToolBook 9.5 is packed with new features to help create engaging content and the ability to reach users anytime, anywhere. Selected new features include:
Safe Harbor Statement/ Forward-Looking Statements
Information in this press release contains forward-looking statements, including, but not limited to, the anticipated benefits and performance of SumTotal’s products and solutions, such as ToolBook 9.5. 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) unknown errors or bugs in SumTotal's software solutions, including ToolBook 9.5; (ii) the acceptance of SumTotal's software suite and future product offerings, including ToolBook 9.5; (iii) the ability to successfully manage and increase growth, both within and outside of the United States, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; (iv) the actual demand and growth of the market for performance management products and services; (v) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of ToolBook 9.5 or SumTotal's software; (vi) the ability to successfully implement SumTotal's solutions in the future; (vii) the ability to successfully address technological developments and standards; (viii) the compatibility of ToolBook 9.5 with various computer operating systems, internet browsers and mobile platforms; and (ix) other events and other important factors disclosed previously and from time to time in SumTotal's filings with the Securities and Exchange Commission, including SumTotal’s annual report on Form 10-K for the year ended December 31, 2007, its quarterly report on Form 10-Q for the quarter ended June 30, 2008, and its Form 8-Ks. The forward-looking statements contained in this release are made as 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.