Saba Marks Continued Customer Momentum Among Leaders in Financial Services Industry; Saba Customers Earn Accolades From Financial Times' 'The Banker'.REDWOOD SHORES, Calif. -- Saba (Nasdaq:SABA), the leading provider of Human Capital Development and Management (HCDM HCDM Human Capital Development and Management ) solutions, today announced continued momentum from the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry for Saba solutions, including Saba Enterprise Performance, Saba Enterprise Learning and hosted Saba solutions. Saba helps financial services organizations improve selling and cross-selling effectiveness, ensure regulatory compliance, reduce risk, align employees' individual objectives to overall corporate goals and help measure the ongoing effectiveness of learning initiatives. Saba Customers Earn Accolades from Financial Times Business 'The Banker' Several Saba customers, including Abbey and Mitsubishi Tokyo Financial Group, were named among the winners of the annual "Banker Awards," presented by the Financial Times Business publication, The Banker. The magazine annually rewards excellence and innovation in banking technology, investment banking and bank performance at a country, regional and global level. Specifically, Abbey was awarded the "Technology: Best Multi-Channel Strategy - Bank of the Year 2004" award and Mitsubishi Tokyo Financial Group was awarded the "Bank of the Year" awards for Japan. The criteria for the assessment of the Bank of the Year Awards vary depending on the award. For country assessments, its global editorial team reflects on the latest results and banking data and technological and strategic developments. The awards recognize best overall performance in the previous period incorporating both performance criteria and qualitative achievements. In the 14 investment banking awards, a slightly different process is used involving judges from the sector and a detailed application. In this rapidly changing banking environment, The Banker believes the above criteria present flexible and all-encompassing perspectives on what is the best of breed in the banking industry today. Since its inception in 1926 The Banker has been a trusted source of global financial intelligence. Its exclusive bank listings and banking coverage give it a unique perspective to reward excellence and innovation in banking. Saba's customers in the financial services industry span more than ten countries across four continents. Perpetual, one of Australia's leading financial services institutions, recently licensed Saba Enterprise Performance and Saba Enterprise Learning to enable Perpetual to align, develop and measure organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, against the goals and objectives of both individuals and the company, as well as provide ongoing visibility to ensure that learning and development initiatives are aligned to those objectives. Allianz Group, one of the world's largest integrated financial services organizations, selected Saba Enterprise Learning to provide a global learning solution for all Allianz affiliates. "Leading financial services providers are at the forefront of an emerging trend toward the adoption of enterprise-wide management systems for people that focus on improving individual and organizational performance," said Bobby Yazdani, Saba Chairman 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. . "We are proud to partner with the leaders in this industry and continue to be excited about the momentum of Saba in the financial services market." Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. recently launched its internally developed Frontline front·line also front line n. 1. A front or boundary, especially one between military, political, or ideological positions. 2. Basketball See frontcourt. 3. Football The linemen of a team. Loss Prevention program that leverages Saba Enterprise Learning to help branch employees prevent transaction-related operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. . "The Saba Enterprise Learning solution provides unprecedented value to Union Bank of California, helping us to address tough business issues," said Bob Hack, Ph.D., senior vice president and manager of Union Bank's training and development function. "We have already seen early indicators that our Frontline Loss Prevention program, powered by the Saba Enterprise Learning platform, will help us directly affect the bottom-line performance of the bank. We continue to see additional value from our Saba investment and are extremely pleased with their deep industry knowledge; Saba Enterprise Learning helps Union Bank to ensure that we have the best trained workforce in the industry." Other Saba financial services customers include: ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) ; Banca di Sondrio, Banesto, Fifth Third Bank, Montepaschi Siena, Promina Group Promina Group is an Australian insurance company formerly listed on the Australian and New Zealand stock exchanges as ASX: PMN, NZX: PMN. It is now fully owned by Suncorp-Metway ASX: SUN. Limited, Royal & SunAlliance, Shinsei Bank Shinsei Bank, Ltd. (株式会社新生銀行 , Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 and TUiR WARTA. Saba Enterprise Performance and Saba Enterprise Learning are part of Saba5, the industry's first fully-integrated, J2EE-compliant learning and performance management solution. Saba Enterprise Performance enables financial services companies to better align their organizational goals and objectives with those of individuals throughout the enterprise, while enabling continuous visibility into ongoing progress and improvement. Saba Enterprise Learning helps improve selling and cross-selling effectiveness and reduce the cost of learning delivery by systematically automating and managing all learning processes and logistics across the enterprise. Together, these applications in the Saba5 suite help to enable greater visibility into the ongoing performance of an organization, allowing it to make operational adjustments more quickly, address gaps in skills and competencies in the employee base and improve individuals' abilities to meet both individual and organizational goals. Also available as a hosted or ASP solution, Saba is also receiving high marks from financial services customers looking to reap the benefits of the Saba suite of applications with reduced implementation time, IT training costs, time and effort typically associated with software implementations. 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 “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , 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 Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. , Medtronic, Procter & Gamble, Union Bank of California and VERITAS Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. . Saba has received industry recognition for its solutions, and was recently named again to the leader quadrant position in the Gartner 2004 e-Learning Suite and Learning Management Systems (LMS) 'Magic Quadrants' and was ranked in March by IT industry analyst META Group as a market leader in learning management technology for the third consecutive year. Saba is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with offices worldwide. For more information, please visit www.saba.com or call (877) SABA-101 or (650) 779-2791. |
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