AGCO Corporation Selects SumTotal Talent Management System.MOUNTAIN VIEW, Calif. -- SumTotal([R]) Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SUMT SUMT Sequential Unconstrained Minimization Technique ), a global provider of talent and learning management solutions, said that AGCO AGCO Alcohol and Gaming Commission of Ontario AGCO Anderson, Greenwood, & Company AGCO After Google Check-Out Corporation (NYSE NYSE See: New York Stock Exchange :AG) has purchased the SumTotal Enterprise Suite[TM] to deliver learning, manage employee performance and align goals. The SumTotal suite is a talent management system consisting of TotalLMS[TM], a platform for delivering and analyzing learning, TotalPerformance[TM], software for assessing employee performance, and TotalCompensation[TM], technology for building, among other things, pay-for-performance models. Duluth, Ga.-based AGCO, a world leader in the manufacture, marketing and distribution of agricultural equipment, is implementing SumTotal's Enterprise Suite in phases as part of a strategic human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. initiative. Since its formation in 1990, AGCO has grown through more than 20 acquisitions. AGCO sought a unified approach and platform for managing its strategic HR needs, and SumTotal's software will support this global alignment. To date, AGCO has implemented SumTotal's software for: managing employee goals, constructing succession plans, and assessing employee performance and competencies. About AGCO Founded in 1990, AGCO Corporation (NYSE:AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line, including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO([R]), Challenger([R]), Fendt([R]), Gleaner([R]), Hesston([R]), Massey Ferguson Massey Ferguson Limited is a major agricultural equipment manufacturer. Originally started in Canada it became one of the country's largest industrial concerns in the 1960s. ([R]), New Idea([R]), RoGator([R]), Spra-Coupe([R]), Sunflower([R]), Terra-Gator([R]), Valtra([R]), and White([TM])Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia Duluth is a city in Gwinnett County, Georgia, and a suburb of Atlanta located in the Metro Atlanta area. Unincorporated portions of northeast Fulton County and Forsyth County also have Duluth as a mailing address, though this area is technically outside city limits. , and in 2006 had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $5.4 billion. About SumTotal Systems, Inc. SumTotal Systems, Inc. (NASDAQ:SUMT), is a global provider of talent and learning management solutions. SumTotal deploys mission-critical solutions designed to 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information about SumTotal's products and services, visit www.sumtotalsystems.com. SumTotal, the SumTotal logo, SumTotal Enterprise Suite, TotalLMS, TotalPerformance, and TotalCompensation are registered trademarks or trademarks of SumTotal Systems, Inc., and/or its affiliates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. Other names may be trademarks of their respective owners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement/ Forward-Looking Statements Information in this press release contains forward-looking statements. These statements represent SumTotal Systems' expectations or beliefs concerning future 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, including, but not limited to: (i) unknown errors or bugs in the SumTotal Enterprise Suite, including TotalLMS, TotalPerformance and TotalCompensation; (ii) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of the SumTotal Enterprise Suite; (iii) the acceptance of the SumTotal Enterprise Suite and future product offerings, both in the United States and abroad; (iv) the ability of SumTotal's employees to successfully implement SumTotal Systems' solutions; (v) the ability to translate the use of the SumTotal Enterprise Suite into increased efficiency and performance; (vi) the ability to successfully address technological developments and standards both in the United States and abroad; and (vii) other events and other important factors disclosed previously and from time to time in SumTotal's filings with the Securities and Exchange Commission, including the company's annual report for fiscal year 2006 on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on March 16, 2007, its quarterly report on Form 10-Q Form 10-Q See 10-Q. filed on August 7, 2007, its Prospectus Supplement filed on Form 424B2 filed on May 21, 2007, Form S-3/As filed on September 28, 2006, and October 2, 2006, and its Form 8-Ks. The forward-looking statements contained in this release are made as of the date of this press release, and the company assumes no obligation to update the information in this press release to reflect events or circumstances occurring after the date of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion