SumTotal Promotes Jack Kramer to Lead International Operations.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 ), the largest provider of talent and learning solutions, has promoted Jack Kramer John Albert Kramer (born August 1, 1921, in Las Vegas, Nevada) was a champion U.S. tennis player of the 1940s. A World No. 1 player for a number of years, he is a possible candidate for the title of the greatest tennis player of all time. to the newly created position of vice president and general manager, International. Kramer will be responsible for sales, marketing and services across Africa, Asia/Pacific, Europe, India, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Middle East. Kramer previously served as vice president of Intercontinental Sales. As vice president of Intercontinental Sales, Kramer led a team responsible for selling SumTotal's products and services to customers across Asia/Pacific, India and Latin America. Before his promotion to vice president of Intercontinental Sales, Kramer served as vice president of Global Alliances for SumTotal. In that post, he was responsible for driving strategy, sales and support for SumTotal partners who specialized in business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in , systems integration, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and content development. "As head of our Global Alliances group, Jack consolidated our network of partnerships and implemented new models for building relationships in the future. As vice president for Intercontinental Sales, he developed a process-based approach that we believe will be the foundation for long-term success in Asia and Latin America," said Dave Crussell, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for SumTotal Systems. "In his newest role, Jack will lead a team charged with developing and deploying go-to market plans across five continents. We feel Jack - and his team - can accelerate our growth outside of 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. in a profitable way." Kramer joined SumTotal after the company acquired Pathlore Software Corporation, a rival maker of learning management systems, in October 2005. Before that, he led the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales force for Pathlore, which he joined in 2002. Kramer has earned kudos at both start-ups and publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. for turning around poorly performing teams, revamping processes and supercharging sales. Earlier in his career, he held roles selling enterprise software applications for Computer Associates, Pansophic and NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. . About SumTotal Systems, Inc. SumTotal Systems, Inc. (NASDAQ: SUMT) is the largest provider of talent and learning solutions. SumTotal deploys mission-critical solutions that align talent and knowledge with organizational processes and business goals to generate significant bottom-line results. With more than 17 million users worldwide, SumTotal has helped accelerate performance and profits for more than 1,500 of the world's best-known companies and government agencies including Accenture, Aetna, Cendant, DaimlerChrysler, Delta Air Lines, Harley-Davidson, Microsoft, Novartis, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank, U.S. Army, U.S. Air Force, U.S. Navy, U.S. Coast Guard, U.S. Bancorp, United Airlines, Vodafone, Wachovia and Wyeth. SumTotal has offices in the United States, London, Paris, Frankfurt, Singapore, Sydney, Tokyo, Hong Kong and Hyderabad. For more information about SumTotal's products and services, visit www.sumtotalsystems.com. SumTotal and the SumTotal logo are trademarks or registered 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. Safe Harbor/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. 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) the ability to successfully manage and increase growth outside of the United States, significant current and expected additional competition, and the need to continue to expand product distribution and services offerings; (ii) the acceptance of SumTotal's software suite and future product offerings; (iii) unknown errors or bugs in SumTotal's software suite; (iv) the inability to fix in a timely fashion unanticipated bugs, errors or defects that materially impact the functionality or usability of SumTotal's software; (v) the ability to successfully implement SumTotal Systems' solutions; (vi) the ability to successfully address technological developments and standards; and (vii) 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 company's annual report 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 28, 2006, its quarterly report on Form 10-Q Form 10-Q See 10-Q. filed on November 9, 2006, its Form S-3/As filed on September 28, 2006, and October 2, 2006, and its Form 8-Ks. SumTotal Systems assumes no obligation to update the information contained in this presentation or discussed in today's meetings. The forward-looking statements contained in this release are made as of November 30, 2006, and SumTotal does not assume any obligation to update such statements to reflect events or circumstances occurring after the date of this release. |
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