Science & Technology
Science and Technology
Science and Technology
Mon, January 26, 2009 SumTotal On Demand Achieves SAS 70 Type II Certification
MOUNTAIN VIEW, Calif.--([ BUSINESS WIRE ])--SumTotal® Systems, Inc. (NASDAQ: SUMT), the market leader and a global provider of talent development solutions, today announced it has achieved Statement on Auditing Standards (SAS) 70 Type II Certification by SAS 70 Solutions, an independent service auditor. The resulting Independent Service Auditor's Report concluded that SumTotal On Demand has instituted the effective operational controls within five key areas including control environment, risk assessment, monitoring, control activities and information and communication systems.
SAS 70 has become the industry standard for service providers to demonstrate they have adequate controls and safeguards when they host or process data belonging to their customers, and SumTotal On Demand achieved the certification with an esteemed Type II report. Because clients can take advantage of SumTotal On Demand's control policies and procedures, they often have to implement fewer controls within their own accounting and IT infrastructure. The SAS 70 certification also eliminates the need for clients to individually audit SumTotal's On Demand operations at their own time and expense.
"SumTotal is pleased to have achieved SAS 70 Type II Certification with no exceptions," said Ravi Balwada, Vice President of On Demand Operations at SumTotal Systems. "The certification reinforces our commitment to delivering only the best quality business practices to our clients, who entrust us to manage their mission critical applications."
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 and the SumTotal logo 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, performance, security and reliability of SumTotal On Demand. 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 SumTotal On Demand; (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.
