Industry Pioneer Builds on 10 Years of Global Momentum, Extensive
World-class Customer Base, and Ground-breaking Technology
REDWOOD SHORES, CALIF., April 18 /CNW/ - 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
"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"
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
-- First enterprise-class learning management system unifying formal and
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
"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.
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
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.
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For further information: LEWIS PR for Saba Michelle Homes,