Chemical Transportation Giant, Odfjell, Implements SumTotal Systems to Ensure Readiness of Globally Distributed Workforce.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 20, 2004 SumTotal Systems (Nasdaq:SUMT SUMT Sequential Unconstrained Minimization Technique ), the industry's largest provider of learning and business performance technologies, services and processes, today announced that Odjfell, the global leader in chemical transport, storage and related logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation services, has chosen SumTotal technology to build Odfjell Common Competence, a learning initiative designed to ensure employee readiness in critical areas throughout the company. The Odfjell Common Competence program will support the company's pursuit of certified See certification. Safety & Quality Management Systems (SQMS SQMS Scottish Quality Management System SQMS Squadron Quartermaster Sergeant (UK military) SQMS Software Quality Management System SQMS Supplier Quality Management System SQMS Smile Queueing Management System ), ensuring that all employees -- no matter where they are located in the company's worldwide organization -- are actively contributing to improving performance and SQMS procedures. Common Competence will establish a common learning culture for Odfjell worldwide, deliver consistent information and best practices to all employees, and provide the right information at the greatest time of need so that employees are able to do their jobs safely, accurately and effectively. "Our corporate mission is to continue developing our position as a leading logistic lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation service provider to the chemical industry by offering safe, reliable and efficient services in keeping with the highest quality, safety and environmental standards," said Brit brit also britt n. 1. The young of herring and similar fish. 2. Minute marine organisms, such as crustaceans of the genus Calanus, that are a major source of food for right whales. A. Bennett, vice president of 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. for Odfjell. "To achieve this, we expect our employees to be responsible for the quality of their own work, to know their responsibilities and the applicable procedures to make sure that no activities are overlooked or omitted by mistake, and to contribute proactively towards continuous quality improvements." To drive this level of readiness, Odfjell will use the SumTotal Enterprise Suite, including the TotalLMS, Total LCMS LCMS Lutheran Church--Missouri Synod LCMS Learning Content Management System (Docent, Inc.) LCMS Living Conditions Monitoring Survey LCMS Louisiana Center for Manufacturing Sciences LCMS Lindero Canyon Middle School and TotalPerformance modules, to create, deliver, manage and measure targeted learning activities covering corporate policy, procedures and culture, as well as business, language and technical training. The company also will use the suite's in-depth functionality to align the skills and competencies of different job roles with specific business objectives, delivering targeted, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. training to employees based on function. "SumTotal was able to provide a solution that both supported our corporate imperatives and made it easy to move to a Web-based learning initiative," said Bennett. "The suite smoothly integrates into our current technology infrastructure and the modular platform will allow us to change and adapt the solution as our needs grow. We anticipate that the technology will have a long-term, significant impact on the productivity of our employees." "Changing economic conditions, fluctuating fluc·tu·ate v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates v.intr. 1. To vary irregularly. See Synonyms at swing. 2. To rise and fall in or as if in waves; undulate. v. prices and the ongoing pressure to meet environmental, health and safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. , make it a challenge to increase competitive advantage in the global chemical services marketplace," said Andy Eckert, SumTotal 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. . "We know that a highly skilled, knowledgeable workforce is essential to both improving business performance and mitigating risk in companies like Odfjell, so we have designed our solutions to significantly reduce time-to-readiness in critical job functions throughout the enterprise in order to give them that important edge." About Odjfell Odfjell is a leading company in the global market of transporting and storing of chemicals and related logistical services. The fleet totals 89 ships, trading both globally and regionally, of which 47 are owned by the group. Odfjell additionally owns and operates tank terminals and tank containers. About SumTotal Systems, Inc. SumTotal Systems Inc. (Nasdaq:SUMT) is the business performance and learning technology industry's largest single provider of technologies, processes and services. Formed by the merger of industry pioneers Docent and Click2learn, the company is uniquely focused on helping organizations harness and manage mission-critical intellectual power to solve real-world business problems and produce significant bottom-line results. SumTotal has helped accelerate performance and profit for more than 600 of the world's best-known companies, including Microsoft, Cingular Wireless, Vodafone, Lucent, Accenture, Cendant, Harley-Davidson, Wyeth, Wachovia and D & B. SumTotal Systems is headquartered in Mountain View, CA, with offices throughout the US, as well as London, Paris, Heidelberg, Sydney, Tokyo and Hyderabad, India. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Information in this press release contains forward-looking statements, including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , industry leadership, financial performance and viability, customer benefits, timing and features of our product offerings, acceptance of our solutions, expected innovation, and other potential benefits and synergies to be derived from the transaction and other market conditions that include risks and uncertainties. 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 SumTotal Systems does not assume any obligation to update any such forward-looking statements. These statements are not guarantees of future results 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. You are cautioned not to place undue reliance on any forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, (i) the challenges and costs of integration and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and the ability to achieve anticipated synergies associated with the recent merger; (ii) an emerging and rapidly evolving market, (iii) market uncertainty with respect to the merger and acceptance of SumTotal System's product offerings by customers and partners; (iv) adverse changes in general economic or market conditions; (v) delays or reductions in information technology spending; (vi) the ability to attract and retain highly qualified employees; (vii) intense competition in the marketplace and (viii) other events and other important factors disclosed previously and from time to time in SumTotal Systems' filings with the Securities and Exchange Commission, including the joint proxy statement/prospectus on Form S-4 filed under the name Hockey Merger Corporation. |
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