Science & Technology
Science and Technology
Science and Technology
Wed, January 14, 2009 IAMGOLD?s Rosebel Mine Strikes Gold with SumTotal Systems
MOUNTAIN VIEW, Calif.--([ BUSINESS WIRE ])--SumTotal® Systems, Inc. (NASDAQ: SUMT), the market leader and a global provider of talent development solutions, today announced that IAMGOLD has selected SumTotal Systems' industry-leading learning management system, TotalLMSTM, to develop employee skills and ensure compliance at its Rosebel Gold Mine in the Republic of Suriname.
Based in Toronto, IAMGOLD is a leading gold producer with annual production of close to one million ounces from eight various operations located in North America, South America and Africa. The mill facility at the Rosebel Mine typically processes in excess of 20,000 tons of ore per day.
"SumTotal's solution will help us develop the talent we need to continue increasing productivity and to ensure alignment with OSHA requirements as well as ISO quality metrics," said David Yateman, Superintendent Competencies & Organizational Development at Rosebel Mine. "One of our key goals is to link learning and development to competencies mapped to job functions, and TotalLMS will help us achieve this."
With the government of Suriname as a minority partner in the Rosebel operation, a primary goal for the first phase of its talent development strategy is to improve the technical level of local employees. With improved skills, the employees will be better positioned to advance within the organization and enhance contributions to the country.
TotalLMS will also help streamline administrative processes and will consolidate all learning and development information into a single system. Currently, information is managed in multiple systems.
"The SumTotal Talent Development Suite will give IAMGOLD greater visibility into its professional and technical staff and enable the creation of actionable employee development plans," said Jack Kramer, Vice President and General Manager, International Sales and Marketing at SumTotal. "With the continued development of each employee's skills and competencies, the company and the country will have the resources required to grow and succeed."
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (NASDAQ: SUMT) is the market leader and a global provider of talent development solutions. SumTotal deploys mission-critical solutions designed to drive learning, align goals, develop skills, assess performance, plan for succession and set compensation. SumTotal's solutions aim to accelerate performance and profits for more than 1,500 companies and governments of all sizes, including six of the world's 10 biggest pharmaceutical makers, six of the 10 largest automotive companies in the world, four of the five branches of the U.S. Armed Forces, three of the world's top five airlines, five of the six largest U.S. commercial banks and two of the world's top five specialty retailers. Mountain View, Calif.-based SumTotal has offices across Asia, Australia, Europe and North America. For more information about SumTotal's products and services, visit [ www.sumtotalsystems.com ].
SumTotal, the SumTotal logo and TotalLMS are registered trademarks or trademarks of SumTotal Systems, Inc. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners.
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 TotalLMS and the SumTotal Talent Development Suite. 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 products and solutions, including TotalLMS and the SumTotal Talent Development Suite; (ii) the acceptance of SumTotal's software suite and future product offerings; (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 SumTotal's software and products; (vi) the ability to successfully implement SumTotal's solutions in the future; (vii) the ability to successfully address technological developments and standards; (viii) worsening of the general economic climate or reduced confidence in the economy and SumTotal's inability to timely respond to such changes 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 September 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.
