United Kingdom's Institute of the Motor Industry Realizes Growth in Revenue and Market Share with SumTotal Systems.Business Editors & Automotive/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 18, 2004 Deployment of SumTotal Technology for Industry Skills Assessment and Accreditation accreditation, n a process of formal recognition of a school or institution attesting to the required ability and performance in an area of education, training, or practice. Results in Organization's Most Successful Year in Its 84-Year History 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 the Institute of the Motor Industry (IMI IMI International Masonry Institute (Washington, DC) IMI Israel Military Industries IMI Institute of the Motor Industry IMI International Market Insight IMI Imposto Municipal Sobre Imóveis (Portugal) ), the professional organization for professionals in all sectors of the UK automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. and the leading awarding body for motor industry certification, has achieved a 70% increase in awarding revenue and a 40% increase in market share as a result of its deployment of SumTotal technology across more than 250 Training Centers and Further Education (FE) Colleges. The IMI awards a comprehensive portfolio of technical and non-technical qualifications, including modern apprenticeships, technical certificates and management qualifications. The IMI chose SumTotal's comprehensive platform to help its network of approved Training Centers and FE Colleges manage the skills assessment, learning, testing and certification associated with the UK's National/Scottish Vocational Qualifications (N/SVQs). The N/SVQs encompass more than 28 different accreditations for retail automotive industry professionals, ranging from light vehicle mechanics, to body shop specialists to auto sales Auto Sales The major producers of domestic automobiles report sales monthly. These numbers are seasonally adjusted by the U.S. Department of Commerce and are available to the public one to five business days after the end of each month. and customer service personnel. Due to declining consumer confidence in the credibility and value of N/SVQ N/SVQ National or Scottish Vocational Qualification (UK) certification and declining numbers of professionals seeking accreditation, the program had been overhauled, requiring "underpinning un·der·pin·ning n. 1. Material or masonry used to support a structure, such as a wall. 2. A support or foundation. Often used in the plural. 3. Informal The human legs. Often used in the plural. knowledge" testing to complement the on-the-job on-the-job adj. Acquired or learned while working at a job: on-the-job training. Adj. 1. on-the-job practical skills required to pass certification. Addressing these increased requirements was time consuming and complex for the IMI's Training Centers and FE Colleges, so it was essential that the IMI provide a solution that would ease the administrative burden and allow fast, secure and accurate skills assessment to a geographically dispersed dis·perse v. dis·persed, dis·pers·ing, dis·pers·es v.tr. 1. a. To drive off or scatter in different directions: The police dispersed the crowd. b. client population. Leveraging the comprehensive assessment, tracking and reporting capabilities of SumTotal's learning management system, the IMI developed the IMI Online Assessment System to address three main issues that had traditionally challenged the value and credibility of N/SVQ testing: reliability of training materials, the availability of assessment on demand and the validity of results. As a result, the IMI was able to increase the number of approved Training Centers and FE Colleges, and to significantly grow the number of candidates registering for qualifications. Since deploying SumTotal technology three years ago, the IMI has logged: -- A 40% increase in market share of awarding business -- A 70% increase in awarding qualifications revenue -- 250 IMI approved assessment sites using the system -- 30,000 registered candidates -- 65,000 tests successfully passed The increased consistency in delivery of critical information and skills training and accurate reporting of testing results enabled by the platform also has succeeded in renewing the credibility and value of N/SVQs within the retail motor industry. "There is no doubt that the decision we made to develop an on-line solution to meet the challenges of individual candidate testing was the right one. It provides us with added flexibility to develop new functionalities and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. learning programs to expand our qualification offerings, as well as our client base," said Allan Allan can refer to:
About the Institute of the Motor Industry (IMI) The IMI is the professional body for people employed in the motor industry in the United Kingdom. It offers a comprehensive portfolio of national qualifications, both technical and non-technical, and is the only awarding body totally focused on the skills requirements of the automotive sector. There are 25,000 individual IMI members from across all areas of the motor industry who are recognized for their skills and experience. IMI Membership is awarded on the basis of an individual's qualifications, career history and motor industry experience. 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 bot·tom-line adj. 1. Concerned exclusively with costs and profits: bottom-line issues. 2. Ruthlessly realistic; pragmatic: a bottom-line political strategy. results. SumTotal has helped accelerate performance and profit for more than 600 of the world's best-known Adj. 1. best-known - most familiar or renowned; "Stevenson's best-known work is probably `Treasure Island'" known - apprehended with certainty; "a known quantity"; "the limits of the known world"; "a musician known throughout the world"; "a known criminal" 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 in 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 Information in this press release contains 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. , 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 its quarterly report on Form 10Q filed on May 17, 2004. |
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