Saba (NASDAQ: SABA), the premier Human Capital Management (HCM)
software and services provider, today announced that it has passed the
10 year mark of continuous business operations with significant global
momentum. As a pioneer in delivering the first enterprise learning
management system in 1997, Saba has continuously extended its suite of
products and services that enables organizations to bring a highly
disciplined approach to aligning, developing, and managing their
people. Today Saba's comprehensive people management solutions
encompass learning, collaboration, performance, and talent management,
and are used by more than 1,100 customers worldwide. Saba's revenue
run rate is approximately $100 million.
"Relatively few enterprise software companies endure for 10 or
more years as an independent entity," said Bobby Yazdani, Chairman and
CEO, Saba. "To have reached and surpassed this important milestone is
a testament to the dedication of all the people at Saba who worked
hard to achieve this goal. Saba's success over the last decade
demonstrates the mission-critical importance that organizations
globally place on the need to align, develop, and manage their people
to drive organizational excellence. That is the value that Saba
uniquely delivers to our customers."
"Saba's ability to deliver superior technology with global
capabilities positions the company for continued success beyond this
10-year mark," said Jan Ginneberge, Vice President Learning, Head of
Alcatel-Lucent University, Alcatel-Lucent. "Working with Saba over the
past years has been good; we look forward to an even better
relationship in the years to come."
Visionary Leader in People Management
Saba was founded on the core belief that people are the most
critical, differentiating assets for organizations serious about
excelling in the global, knowledge-based economy. In previous eras,
information technology had been applied to data processing and to
business processes such as customer relationship management. Saba's
founders saw the need and opportunity to apply technology to strategic
people processes--not just routine tasks such as payroll and benefits,
but to developing, aligning, and managing people and enabling them to
collaborate and share knowledge in order to drive organizational
success. Saba's vision proved correct, and the company emerged to
become a leader in today's $3 billion market for "human capital
management" solutions.
As the first enterprise software company to enable the management
of strategic people processes across the extended enterprise on a
global basis, Saba's track record of industry innovations includes:
-- First enterprise-class, competencies-based learning system
-- First enterprise-class integrated learning and performance
management system
-- First enterprise-class learning management system unifying
formal and informal learning.
World-class Base of Satisfied Customers
Saba's customer base has grown to more than 1,100 customers today,
with over 15 million end users spread across 150 countries. Saba is a
standard platform for many of the largest global organizations,
including Alcatel-Lucent, AstraZeneca, Cemex, Deloitte, IBM, Novartis,
Procter & Gamble, 3M, the U.S. Army, and many others.
"Saba solutions have been instrumental in helping us accomplish
our training and learning goals," said Larry Green, Vice President,
Global Marketing & Sales Learning, Novartis. "The company's continuing
innovations in real-time learning solutions should help us achieve
even greater benefits. Congratulations and keep up the good work."
"We wish Saba many more decades of innovation and success beyond
this 10-year milestone," said Pam Solstad, Manager, Global Employee
Development, 3M. "Saba's commitment to supporting and developing its
technology and services helps protect our company's investment in
their solutions over the long term."
"Saba has provided an excellent solution, which improves our
possibilities to ensure and prove compliance training for the rules
and regulations within the pharmaceutical industry. It is also giving
the benefit to tailor make training for different roles and is a
useful tool in our effort in being able to deliver effective learning
solutions for our staff," said Marianne Falck, Global L&D Project
Leader, AstraZeneca HR, Global Learning & Development. "Our
collaboration during our five years has developed and Saba is
providing valuable support to AstraZeneca."
Global Company from Day One
Beginning as a garage start-up, Saba was built from the ground up
as a global enterprise with the intention of serving organizations on
a worldwide basis. Early on the company established significant
engineering operations in India and opened offices in key geographies.
The company's flagship Saba Enterprise suite supports 23 languages,
and today Saba has more than 570 employees on five continents, with
local sales, service and support offices in key and emerging markets.
Many early customers came from outside the U.S., including Bank of
Tokyo-Mitsubishi UFJ, DaimlerChrysler, Discovery Health (South
Africa), National Australia Bank, Petrobras, Standard Bank of South
Africa, Standard Chartered Bank, Tata Consultancy Services, and
Telmex. The breadth of Saba's worldwide presence and capabilities to
implement and support its solutions on a global basis are key
differentiators that make Saba a preferred partner for leading
multinational enterprises.
A Continuing Journey
"The last 10 years was just the beginning of what we expect to be
a long and interesting journey," said chairman and CEO Yazdani. "All
macroeconomic, social, and demographic trends point toward the need
for organizations to invest significantly more in their most important
asset--their people--as the basis for organizational success
transitions from information management to people management. We have
only scratched the surface of this opportunity."
Saba's 10 year anniversary will coincide with the launch of a new
online advertising campaign planned to appear in the Harvard Business
Review, Forbes, and New York Times. As part of the campaign, Saba also
is unveiling a new billboard advertisement on Highway 101 in the heart
of Silicon Valley.
About Saba
Saba (NASDAQ: SABA) is the premier Human Capital Management (HCM)
software and services provider, using a people-centric approach to
increase productivity and performance. As a trusted partner, Saba
enables the Aligned Enterprise(TM) for over 1,100 customers in 150
countries by providing an integrated people management system to
continuously align goals, develop people, improve collaboration and
increase visibility into organizational performance.
Saba customers include ABN AMRO, Alcatel, Bank of Tokyo-Mitsubishi
UFJ, BMW, CEMEX, Cisco Systems, DaimlerChrysler, Dell, Deloitte Touche
Tohmatsu, EDS, EMC Corporation, FedEx Kinko's, Insurance Australia
Group, Lockheed Martin, Medtronic, National Australia Bank, Novartis,
Petrobras, Procter & Gamble, Scotiabank, Sprint, Standard Chartered
Bank, Stanford University, Swedbank, Wyndham International,
Weyerhaeuser, Underwriters Laboratories, and the U.S. Army and U.S.
Navy.
Headquartered in Redwood Shores, California, Saba has offices on
five continents. For more information, please visit www.saba.com or
call (+ 1) 877-SABA-101 or (+1) 650-779-2791.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, including, without limitation,
statements regarding Saba's future success, increased investment in
people as the basis for organizational success and Saba's ability to
take advantage of growing market opportunities. Saba's actual results
could differ materially from those expressed in any forward-looking
statements. Risks and uncertainties Saba faces that could cause
results to differ materially include risks associated with: Saba's
dependence on growth of the markets for Saba's products, dependence on
acceptance of Saba's products by customers and channel partners,
fluctuation in customer spending, length of Saba's sales cycle,
competition, rapid technological change, dependence on new product
introductions and enhancements and potential software defects. Readers
should also refer to the section entitled "Risk Factors" on pages 11
through 21 of Saba's Annual Report on Form 10-K dated August 18, 2006
and similar disclosures in subsequent Saba periodic SEC reports. The
forward-looking statements and risks stated in this press release are
based on information available to Saba today. Saba assumes no
obligation to update them.
SABA, the Saba logo, Centra and the marks relating to Saba
products and services referenced herein are either trademarks or
registered trademarks of Saba Software, Inc. or its affiliates. All
other trademarks are the property of their respective owners.
