Acadient Signs License Agreement with Saba to Deliver Enterprise Learning to Financial Services Industry.Business Editors/High-Tech Writers REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Dec. 15, 2003 Alliance Addresses Mission Critical Governance, Compliance, and Learning Needs Saba (Nasdaq:SABA), the leading provider of human capital development and management (HCDM HCDM Human Capital Development and Management ) solutions, today announced that it has signed a licensing agreement with Acadient, a premier developer and distributor of Web-based training for the financial services market. Acadient already serves several corporate and institutional clients within the financial services industry with its co-branded learning solutions. Acadient also hosts learning solutions for major industry associations, such as the National Investment Company Service Association (NICSA NICSA National Investment Company Service Association ) for their certified Mutual Fund Specialist Program, and the Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Association (FPA 1. (hardware) FPA - floating-point accelerator. 2. (programming) FPA - Function Point Analysis. ) for CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). certification and continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). . These solutions, deployed on the Saba learning platform, deliver industry functional knowledge, certifications, and continuing education requirements to customers in the financial services industry who demand the most open and scaleable applications to manage their Human Capital challenges, such as regulatory compliance management. "Together with Saba, we provide mission-critical applications that meet our customers' growing needs for compliance and governance solutions and enable them to deliver service and support to their broad customer bases," said Ronald C. Pruett, Jr., Acadient's chief executive officer. "Acadient's partnerships with industry leaders such as Saba enable us to provide turnkey learning and compliance solutions for our customers in the financial services industry, including the banking sector, mutual fund companies, and wire houses." "Saba recognizes that the financial services market is seeking better ways to improve business performance and more systematically manage their compliance requirements and workflow," said Bobby Yazdani, Saba's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our partnership with Acadient enables world class organizations to rapidly implement our industry-leading solution and deliver a positive connection between learning and improvements in workplace performance." About Acadient Based in Boston, Acadient is the nation's leading developer and distributor of interactive, multimedia education and training for the financial services industry. Approved by the National Association of State Boards of Accountancy For the technique in nucleic acid amplification, see . The National Association of State Boards of Accountancy (NASBA) is an umbrella group for the 55 state boards that regulate the accountancy profession in the United States of America. (NASBA NASBA National Association of State Boards of Accountancy NASBA Nucleic Acid Sequence-Based Amplification (assay used to detect HIV viral load in blood plasma) ) as a continuing education provider, Acadient partners with premier industry and academic organizations including the National Investment Company Service Association (NICSA), Society of Professional Administrators and Record Keepers (SPARK), Pearson Education, Financial Planning Association, Keir Educational Resources, The National Underwriter Company and Boston University. Visit www.acadient.com for more information. About Saba Saba (Nasdaq:SABA) is the leading provider of human capital development and management (HCDM) solutions, which increase organizational performance through the implementation of a management system for aligning, developing, and managing people. Among the Global 2000, Saba customers include Alcatel, Cisco Systems, DaimlerChrysler, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp., Kaiser Permanente, Medtronic, Procter & Gamble, and VERITAS Software. Saba has received industry recognition for its solutions, and recently achieved the leader quadrant position in the Gartner 2003 e-Learning Suite "Magic Quadrant." Founded in 1997, Saba is headquartered in Redwood Shores, Calif., with offices worldwide. For more information, please visit www.saba.com or call 877-SABA-101 or 650-779-2791. Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owners. |
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