Redwood Shores, CA – August 11, 2016 − Saba, a leading provider of intelligent cloud-based Talent Management solutions, announced record results for its fourth quarter and fiscal year ended May 31, 2016.
Highlights from Saba's latest fiscal quarter and year include:
During the fourth quarter and fiscal year, Saba achieved record bookings for the Saba Cloud talent management suite. Saba Cloud bookings increased a record 70 percent over the fourth quarter of the prior fiscal year and 73 percent year-over-year
Saba added a record number of new Saba Cloud customers in the fourth quarter and more than 160 new customers in the year, including leading global organizations: Virgin Money, Special Olympics World Winter Games 2017, The World Economic Forum, DencoHappel, FRESSNAPF and Bavarian Authority for Finance
Midmarket adoption of Saba's Talent Management suite continued to accelerate with over 30% year over year increase in Saba Cloud bookings
More than 180 customers went live on Saba Cloud during the year which continued to deliver industry-leading customer retention rates
30 customers migrated from Saba Enterprise to Saba Cloud, including global industry leaders in the hospitality, services, and technology sectors
Adjusted EBITDA increased to 24 percent for the fiscal year driven by strong new business sales growth, solid renewals, and improved operating margins.
"The significant growth we experienced in our cloud business during the fourth quarter and fiscal 2016 resulted from our relentless focus on delivering exceptional solutions and customer satisfaction," said Pervez Qureshi, CEO of Saba Software. "I'm particularly pleased that we added a record number of new Saba Cloud customers across our key vertical markets and geographies, while continuing to deliver industry-leading retention and renewal rates on Saba Cloud. This performance demonstrates the value our customers are deriving from our platform."
In addition to the strong financial performance and record bookings for the quarter and year, the company continued to deliver market-leading innovations across the Saba Cloud suite including:
Significant advancements in blended learning and development, including advanced support for mobile and video learning
Extended breadth of business analytics including predictive and prescriptive analytics
Accelerated connected learning through the Saba Marketplace which provides access to open API's and integration to third-party solutions. This provides customers with powerful content curation capabilities to: create and leverage their own developmental content in any format, including video; integrate with enterprise content libraries like Open Sesame for compliance, certification, and skills development; and to integrate with a growing breadth of context that employees are requesting such as Massive Open Online Courses (MOOCs)
Enhanced e-commerce features to expand support for extended enterprises and for-profit training
Advanced next generation of employee and business performance management, leveraging NPS-like tools to elevate the way companies measure performance and organizational engagement, all with modern talent management workflows
Leading industry analysts Gartner, IDC, Aragon and Fosway, recognized Saba Cloud as a leader in learning management and a visionary in talent management, performance, compensation and recruiting.
Lisa Rowan, IDC's Research Vice President, HR, Talent, and Learning, stated "Saba has been out ahead of the curve on the use of advanced analytics and integration of social technology which its customers are using to transform their businesses."
"Our success this year comes from leveraging our deep domain expertise in collaboration with innovative customers like Hyatt, Dell, Air Canada and Guitar Center who push past the status quo in learning and talent," said Qureshi. "They inspire us to deliver engaging, personalized, and collaborative employee development experiences that enable individuals, teams, and companies to perform at their highest levels. We see this collaborative innovation as a huge opportunity to lead, shape and grow the learning and talent management market."
About Saba Saba delivers a cloud-based intelligent talent management solution used by leading organizations worldwide to hire, develop, engage and inspire their people. With machine learning at its core, Saba Cloud offers proactive, personalized recommendations on candidates, connections and content to help employees and businesses lead and succeed. It is purpose-built on a highly scalable platform that exceeds industry security and reliability standards. Saba has more than 31 million users and 2,200 customers across 195 countries and 37 languages. Learn more about intelligent talent management at www.saba.com.
Saba Achieves Record Results for Fourth Quarter and Fiscal Year 2016
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BizLibrary Announces New Content Partnership with futurethink
Chesterfield, MO – August 16, 2016 − BizLibrary, the leader in employee training and development solutions, is proud to announce futurethink as a new content producer partner. The partnership will add over 70 new micro-learning video lessons to The BizLibrary Collection.
BizLibrary recently released futurethink’s 60 Quickwin video lessons. These 90-second video lessons demonstrate popular innovation techniques and real-world contexts to use them.
Video lessons from this series include:
Do Better Thinking
Busting Paradigm
Brainstorming Parameters
Futurist Sources
Picture the Future
Kill a Stupid Rule
… and many more
BizLibrary will soon release Tool School Video Tutorials, a series of 11 video lessons each clocking in at under 10 minutes. These video lessons teach employees to grasp techniques for better brainstorming, identifying new markets or partnership opportunities, and more.
“We are very excited about this partnership with futurethink, considering their experience and thought leadership in the area of innovation,” said Debbie Williams, VP of content development with BizLibrary. “This is a necessary topic with employee training, but it can be tricky to teach. The high quality video lessons produced by futurethink turn innovation thinking from a mystery into a reality that our clients will thrive in.”
“We are delighted to partner with BizLibrary because of their commitment to powerful and easy-to-use micro video lessons,” said Lisa Bodell, CEO of futurethink. “We are excited to bring simplification and innovation to their library, helping rescue those whose days are spent drowning in mundane tasks like meetings, emails, and reports. With this partnership, we will help get to the work that matters.”
About futurethink
Founded in New York City in 2003, futurethink has provided innovation solutions to organizations in over 40 countries. They come to work each morning excited to empower companies — even in highly regulated industries — to solve big problems in uncommon, long-term, and transformative ways.
Their mission is to motivate change and build innovation capabilities for organizations across the world. Through on-demand innovation resources and an experienced team of Innovation Trainers, futurethink makes innovation a simple and daily reality for its clients.
Futurethink builds an organization’s knowledge and skills in the four areas that are essential for innovation: Strategy, Ideas, Process, and Climate. Using their scientific methods and ideation techniques, innovation becomes an expected (and measurable) result, not a lucky one.
About BizLibrary
BizLibrary is a leading provider of online employee training solutions. Our award-winning online training library contains more than 5,000 micro video lessons, video courses, interactive videos, and elearning courses covering a wide variety of topic areas and includes additional support materials to further increase learning retention.
Our learning technology platform is powerful and easy to use. All of our online training solutions are mobile-ready, allowing learners unlimited access to training content on any device, anytime and anywhere for true just-in-time learning. Engage your employees and drive business results by improving the way your employees learn with BizLibrary.
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SweetRush Wins Gold Stevie® International Business Award
San Francisco, CA − August 17, 2016 − SweetRush, Inc., in partnership and collaboration with Cisco Systems, Inc., was named the winner of the only Gold Stevie® Award in the Training Video category at the 13th Annual International Business Awards.
The winning video was described by one judge as “a beautifully produced video, which will capture the interest of technical experts and motivate them to develop communication and interpersonal skills.” Others found the video to be “highly creative and emotive,” and “clearly delivered its message in an engaging and visually dynamic way,” representing a “very thought-provoking and reflective lesson weaved in an engaging style.”
“This award recognizes a motivational, impactful video that achieved all of its goals: reaching the audience, generating excitement for an upcoming learning program, and laying the foundation for a high-quality, engaging learning experience,” said Arturo Schwartzberg, chairman and CFO, SweetRush. “This type of up-front video communication is increasingly an essential part of successfully launching programmatic learning, and significantly increases learner anticipation and engagement.”
More than 3,800 nominations from more than 60 nations were reviewed in the International Business Awards. Stevie Award winners were determined by the average scores of more than 200 executives worldwide who participated in the judging process.
About SweetRush SweetRush’s focus on team culture and mastery of performance improvement is reflected in a near-zero turnover of teammates, loyal clients, a 15-year track record of success, and a remarkable portfolio. Our work with clients has earned us gold awards from our peers and high ranking on the top training industry lists.
We are over 100 people strong and have been in business since 2001. Our deliverables span from analysis and curriculum mapping to the creation of blended training products, including live and virtual classroom and the full gamut of custom-developed eLearning modalities.
About the Stevie Awards Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.
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Galvanize Inc the Learning Community for Technology Announces 45 Million in Series B Funding
Denver, CO – August 17, 2016 − Galvanize, a market leader delivering technology education programs and community workspaces, announced a $45 million Series B investment led by ABS Capital Partners, a leading late-stage growth company investor. Colorado Impact Fund, Haystack Partners, Greg Maffei, Aspen Grove Capital and existing investor University Ventures also participated.
The funding will be used to provide more students access to Galvanize’s modern web development and data science programs and directly address employer’s needs to re-skill existing employees. As a result of the financing, Paul Mariani, a general partner with ABS Capital, will join the Galvanize Board of Directors.
“With ABS as our partner, Galvanize will continue to build leading web development and data science technical education programs and provide needed tech talent to industry partners to meet their continuous skill needs,” said Jim Deters, CEO and co-founder of Galvanize. “By offering the most comprehensive training on the market, our students achieve true mastery, making them ‘job ready’ - which our industry partners recognize as essential and nets our alumni a meaningful increase in earning potential.”
Founded in 2012 by Jim Deters, Lawrence Mandes, and Chris Onan, Galvanize is a learning community for technology for ambitious students, startups, and established companies. Galvanize has nine urban campuses across the nation including Denver, Boulder, Ft. Collins, San Francisco, Seattle, Austin, and Phoenix and is currently open in New York City with a pop-up and will fully operate in its 55,000 sq ft space in early 2017.
Traditionally, industry and education have existed in separate worlds. Galvanize is bridging the gap by bringing industry partners, students, and cutting-edge education under a single roof. The Galvanize solution closes the tech skills gap by providing accessible education in job-ready skills such as web development, data science, engineering, building a community of entrepreneurs and learners, and connecting that community with skilled graduates.
Because Galvanize works with companies to understand what skill sets are most relevant and curates its own curriculum, and works with hiring partners such as Allstate, Amazon, Salesforce, IBM, Pivotal, and Tesla, Galvanize students are prepared for success. Graduates have over a 90 percent job placement rate in technology within six months of graduating from immersion programs and receive an average annual salary increase of over $30,000.
Meeting industry needs for top tech talent doesn’t always mean hiring new workers. So, in addition to the web development and data science immersive programs for tech students, Galvanize also offers corporate training and workshops for established companies such as Allstate and IBM to level up and re-skill their existing workforce on evolving modern technology.
Two years ago, Galvanize had 150 member companies working in its innovative urban campuses. Today, it has more than 700 companies in its membership program, which is offered on a per seat, per desk, or per suite basis. Galvanize membership opportunities allow individuals, entrepreneurs, startups, and corporate partners to work in close proximity to tech education programs and one another - creating a strong, innovative and self-sustained education, technology and business community.
“We were attracted to Jim’s passion and commitment to Galvanize’s mission, and we were very impressed with the industry-aligned programs the Company has built that prepare learners to succeed in technology roles,” said ABS partner Paul Mariani.
In 2014, Galvanize raised $18 million in a Series A fund led by University Ventures.
About Galvanize, Inc.
Galvanize is a dynamic tech learning community that offers education, workspace and networking for students, startups and large companies. Galvanize teaches web development, data science and data engineering to students, offers support and workspace to over 700 member companies and provides over 200 networking events across nine urban campuses throughout the nation. Galvanize campuses bring together entrepreneurs, students, investors, mentors, and great people and companies to develop the skills, mindset and networks necessary to thrive in a technology driven world.
About ABS Capital Partners
For over 25 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers and investors in the industries we invest in: business and tech-enabled services and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 120 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow.
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Time To Know Signs a Three Year Partnership Deal with Jcomm to Implement Next Generation Education Technology Platform in Taiwan Corporate Training Market
New York, NY – August 17, 2016 − Time To Know, a leader in the Ed-Tech industry, is partnering with Jcomm, a highly experienced company in Information system integration, high-end surveillance system Integration and applications development. Jcomm specializes in private cloud systems for enterprise integration.
The two companies signed a three-year partnership to join forces in order to deliver Next Generation corporate training platforms.
Jcomm, who specialize in private cloud systems for enterprise integration, is highly experienced in large scale national tenders with high profile customers such as the Center of Research on Earthquake Engineering and the Center of High-Performance Computing. The company will introduce the Time To Know (TTK) comprehensive array of products, which provides organizations with the tools for more effective and efficient training programs. The Time To Know solutions provide an intuitive interface, powerful data analytics and knowledge management capabilities.
The combination of TTK's vast experience in the pedagogical aspects of training - integrated in advanced next generation platforms, and the infrastructure expertise of Jcomm offers a complete solution for enterprises looking to advance their training programs to more engaging and effective programs. TTK tools provide personalized learning, reduce costs and enable companies to evaluate their employees' progress and compliance with regulations and required international standards.
"We see great potential in the Taiwan market which is rapidly developing and technology oriented. Taiwan corporates are by nature, early adaptors looking to integrate advanced tools to support their business processes. Jcomm is a natural and powerful partner for Time To Know. Through this joint partnership we are able to offer corporates a complete solution to support their entire training processes," said Yair Brosh, CEO, Time To Know.
"We view rapid change in the corporate training settings in Taiwan moving from traditional in-class training to digital-based eLearning platforms," said JY Tang, managing director at Jcomm. "This enables training in different settings and on any device. Joining forces with Time To Know, we can provide corporates with a powerful solution combining our infrastructure implementation, experience, and leading and advanced digital Ed-Tech platforms."
Since 2005, Time To Know, has been providing state-of-the-art solutions for authoring tools, learning management systems, classroom management, and more. With worldwide presence, the company has successfully implemented their solutions in Europe, the Middle East, North America, Latin America, and Asia.
Jcomm, founded in 2010, provides comprehensive project planning and combines the highest & latest technology for integrating suitable solutions for their customer base. Jcomm also specializes in high-end surveillance system integration for enterprise, residences, shops, malls and surveillance management.
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Degreed Closes $25M Series B With Investment From GSV Acceleration
San Francisco, CA − August 17, 2016 − Degreed, the education technology company that has created an engaging, beautiful and intuitive way to empower and recognize all forms of professional and lifelong learning, announced that it has completed its Series B funding with a $3.5M investment from GSV Acceleration, which focuses on the most dynamic companies leveraging technology to enable people and organizations to optimize their potential.
Combined with its previous investment from Jump Capital, Signal Peak Ventures and Rethink Education, Degreed closes out its Series B round with a total of $25 million. The GSV Acceleration team, led by Deborah Quazzo, is a leading investor in the education and talent development technology space. The additional support from GSV Acceleration will help fuel Degreed's growth and enhancement of its comprehensive learning and skills verification platform.
"Degreed is transforming how people learn and how organizations train and develop their people; we are thrilled to work with the GSV Acceleration team, who share this goal and can provide the resources to drive our mission forward," said David Blake, CEO and co-founder of Degreed. "Deborah was one of the first angel investors in Degreed and is an invaluable member of our board. We are pleased that she and her team continue to recognize the promise of our company and are eager to continue supporting us through GSV Acceleration."
GSV Acceleration's investment is validation of Degreed's rapid growth. In the second quarter of 2016 alone, the company added more than one million new licensed users at a variety of Fortune 1,000 and mid-market organizations, including Archer Daniels Midland, Caterpillar and EMC. The company also made several key executive appointments, including new Chief Learning Officer, Kelly Palmer, who joined from LinkedIn, and Chief Sales Officer, Tim Ellinger, who joined from Pluralsight.
Moreover, Degreed recently introduced its first native mobile app, enabling users to discover, track, utilize and share learning from any source, while showcasing their lifelong and professional learning. The company has also expanded significantly, having recently made its first acquisition, of European-based learning company, Gibbon. In addition, Degreed has grown its employee base internationally, welcoming new hires in Asia, Europe and Canada.
"Degreed's rapid growth and ongoing success highlight its ability to fill a market void for educational solutions that address the many different types of learning that occur in today's world," said Quazzo. "As more business and individuals seek new and meaningful ways to advance how they learn and develop professionally, the opportunity in front of Degreed is enormous. I am excited to further support the company and help advance its mission of connecting more people with the educational resources to enhance their expertise and value to their organizations."
About GSV Acceleration GSV Acceleration is a venture capital firm focused on early-stage investments in the most important global learning and talent technology companies. The firm's investments include ClassDojo, Clever, Degreed, HotChalk, Pluralsight and Turnitin.
About Degreed Degreed was founded to make all career and lifelong learning matter, both for organizations and individuals. Degreed's award-winning platform enables everyone to discover, track, and quantify all forms of learning from any source. Founded in 2012, Degreed is headquartered in Salt Lake City with additional offices in San Francisco and Amsterdam, The Netherlands.
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TrainingIndustry.com Announces 2016 Learning Portal Companies Watch List
Raleigh, NC – August 22, 2016 – TrainingIndustry.com has announced its Learning Portal Companies Watch List, as part of its mission to continually monitor the training marketplace for the best providers of training services and technologies.
View the 2016 Learning Portal Companies Watch List
Selection to this year's Learning Portal Companies Watch List was based on the following criteria:
New and innovative service
Unique approach to delivering learning solutions
Commitment to improving learning through technology
Quality of initial clients
“Learning portals provide organizations with mobile, interactive and collaborative tools to enhance the training experience and promote retention and engagement,” said Ken Taylor, president, Training Industry, Inc. “The 2016 Learning Portal Watch List companies are tremendous examples of tech-savvy organizations making their mark in this highly sought-after segment.”
“We are excited to announce this year’s Learning Portal Companies Watch List,” said Doug Harward, CEO, Training Industry, Inc. “These up-and-coming companies are quickly making their mark in the learning technology space; they bring unique perspectives to enhancing and supporting the learning experience.”
Email info@trainingindustry.com for thoughts or feedback regarding the list.
View the 2016 Learning Portal Companies Watch List
About Training Industry, Inc.
TrainingIndustry.com spotlights the latest news, articles, case studies and best practices within the training industry. The company publishes the annual Training Industry Top 20 and Training Industry Watch List reports covering many sectors of interest to the corporate training function. Our focus is on helping dedicated businesses and training professionals get the information, insight and tools needed to more effectively manage the business of learning.
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Empowering Veterans The Ariel Group Announces Partnership with The Homefront Foundation Inc
Boston, MA – August 23, 2016 − The Ariel Group LLC, a registered B Corporation and communication skills training company based in Lexington, Massachusetts, has partnered with The Homefront Foundation, a Tampa, Florida-based non-profit organization that helps veterans, service members, and first responders through storytelling.
“The Ariel Group is delighted to collaborate with The Homefront Foundation on this important work,” says Sean Kavanagh, Ariel’s CEO. “We teach storytelling in corporate and higher education settings around the world and we were very pleased to meet Matt Fetterman in our program at Columbia and now be invited to see the power of stories for our returning veterans. We look forward to continued collaboration and to supporting the healing and connecting power of stories for the men and women who serve.”
Founded in 2016 by Matt and Mark Fetterman, twin brothers who both served in the Navy, The Homefront Foundation helps veterans rehabilitate to life – both personally and professionally – through the power of storytelling.
“As veterans return home from a deployment, a sleepless shift at the station or a disaster response effort, people expect them to seamlessly reintegrate into their work, their communities, and their families,” explains Matt Fetterman. “The stressors and challenges faced in doing this are what many will never fully understand. It is only through sharing and storytelling that we can begin to learn these lessons and discover more of who wears the uniform, carries the shield or serves on that front line. The mission of The Homefront Foundation aligns perfectly with Ariel’s interactive, theater-based approach to create a unique, much-needed service to these great men and women and those they serve.”
Since its founding, The Ariel Group has worked with organizations that service communities for the greater good. Hoping to impact the non-profit world as strongly as the corporate world, The Ariel Group focuses outreach efforts on professions and agencies that rely on their communication skills to affect positive change on a fundamental, humane level. Other recent partnerships include The Acumen Fund, The United Nations and The Social Innovation Forum.
“Our training creates the space for our veterans to tell the stories that are stitched into the fabric of who they are, and in doing so, there is a gained understanding of that specific piece of them that up until this point was most likely hidden,” says Meghan Zbikowski, Outreach Manager of The Ariel Group. “Providing this training and hearing these stories of those who serve our country is an absolute privilege. We look forward to the continued development our partnership with The Homefront Foundation and more importantly the profound value this work will bring to our veterans, their families and community.”
About The Ariel Group
Using best practices from actor training and adult learning, The Ariel Group helps business people make impactful interpersonal connections through emotional intelligence, self-awareness and dynamic communication skills.
Our mission is to teach individuals at every level to communicate effectively and build empathetic relationships with each other, to help their organizations experience higher engagement, increase innovation, improve team dynamics and expand leadership pipelines. Clients include American Express, Capital One, Coca-Cola, Harvard Business School, Procter & Gamble, Thyssen-Krupp, and a diverse mix of Fortune 1000 corporations and major MBA programs. More information: http://www.arielgroup.com.
About The Homefront Foundation
The Homefront Foundation, a registered 501c3 nonprofit organization focused on teaching veterans and service members how to tell their story. By using The Ariel Group’s techniques, and developing their own structured approach, these stories can be therapeutic, serve as a coping strategy, and they allow for individuals to reconnect and build relationships in their communities, in their workplace, and most importantly, in their homes. More information: http://www.thehomefrontfoundation.org/
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G Cube Gets the Honor of Being Listed as one of the Top 5 E Learning Digital Classrooms 2016 in India
August 23, 2016 − With popularity of e-learning, technology-aided learning is being adopted by several educational institutions as well as organizations in India and all over the world. Digital learning solutions providers and companies are coming forward to help educational institutes and decision makers create an inclusive learning environment, and achieve greater efficiency and ROI.
Identifying e-learning forerunners, SiliconIndia published "Top 5 E-Learning/Digital Classrooms 2016" report. G-Cube, with more than a decade’s experience in the learning industry, is a proud member of the distinguished list and features as one of the Top 5 contenders. SiliconIndia’s editorial board along with a distinguished panel of the industry’s topmost CEOs, CIOs, and industry analysts have scrutinized the list of companies in different business touch points. The list intends to help organizations select the right technology partner as per their learning needs.
"Prime Minister Narendra Modi’s vision to foster Digital India is being well received by the people of the country and India is the second biggest e-learning market after USA," said Manish Gupta, CEO, G-Cube. "We have been part of this growth for more than a decade and being hailed as one of the Top 5 e-learning/Digital Classroom providers is a great achievement for us. I speak for the entire G-Cube team that we aim to continue our efforts to bring effective, affordable and technologically sound e-learning solutions for modern India and the world."
About G-Cube Solutions
G-Cube Solutions is a leading CMMi Level 3 e-learning products and services company – with a global delivery and support footprint. Over the last decade, G-Cube has helped hundreds of customers worldwide and across diverse domains. G-Cube has the right mix of experience and expertise to provide tailor-made and company-specific solutions – rather than industry-specific solutions. The solutions are also flexible to meet the evolving needs of customers.
With its focus on innovation and 'WoWing' the customer, G-Cube has won various industry awards, such as the Deloitte Tech Fast 50 India Award for the last four consecutive years, multiple Brandon Hall Awards for Excellence in Learning and Technology, the NASSCOM Emerge 50 Award, and the Apex Award for Publishing Excellence.
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Microtek Now Offers Virtual Training Room in London UK Location
Chicago, IL – August 24, 2016 − MicroTek, the industry leader in global training delivery as a service, is pleased to announce that it has expanded its Virtual Training Room offering to its London, UK partner facility. This expansion will allow MicroTek to bring the latest in hybrid learning to its global client base with training events in the EMEA region. In addition to traditional classroom learning, London customers can now include remote participants from anywhere in the world using MicroTek Virtual Training Room.
“I’m excited that our VTR is coming to London. to introduce Virtual Training Room to a whole new continent of educators," said Mike Brennan, director of business development in the EMEA. "The wonderful thing about Virtual Training Room is that it extends the reach of our educators and makes training more accessible to our student across Europe. We can have students in a live classroom in London working alongside students in Copenhagen, Denmark or Nice, France—all who are getting the same equivalent learning experience and the same one-on-one attention."
Virtual Training Room uses advanced teleconferencing technology to create a virtual extension of the classroom to students at remote locations. The live class is hosted from the primary location in London, but accessed from any computer in the world. This enables a more geographically dispersed attendance, while enabling the same level of engagement as in-class learning.
The expansion of virtual training solutions into London is a part of MicroTek’s strategy to expand its portfolio of Next Generation Classrooms into the European marketplace. MicroTek’s Virtual Training Room is offered at 14 world-class cities in the United States, with future expansion planned in Canada and other locations throughout EMEA.
About MicroTek
MicroTek is a leading provider of business training and meeting rooms, virtual training platforms and event management services. With an expansive national and global reach, MicroTek is equipped to manage and execute any sized training program—anywhere in the world. Our Next Generation Classroom suite of services include state-of-the-art business training and meeting facilities, virtual training rooms, virtual learning labs, and digital content management. We offer end-to-end support for large training rollouts including courseware fulfillment, scheduling and instructor deployment. MicroTek was named a Top Training Company for the seventh consecutive year by Trainingindustry.com.
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IMC Opens Subsidiary in Singapore
Saarbruecken, Germany – August 25, 2016 − Earlier this month, IMC opened a new subsidiary in Singapore. The Saarbrucken/Germany-based full-service digital learning provider’s expansion in Asia aims to foster a closer co-operation with its existing customers doing business here on the one hand, and on the other hand to build new business relations with customers in a region that remains resilient and continues to be the engine of the global economy.
“The activities of the company’s local presence in Singapore will be closely aligned to the country’s transformation into a digital economy, and connecting businesses to regional and global markets,” said Lawrence Loh, country manager, IMC Singapore. “IMC seeks to play a key role in helping people and companies up-skill for the digital economy, and to empower lifelong learning through the purposeful use of technology.”
The key elements of the national initiative center on fostering and embracing innovation, investment in digital technologies and connectivity, and most importantly, investments in knowledge-based human capital through the mastery of skills and lifelong learning.
“I am pleased to add that IMC, with the existing intelligence contained in our products, in particular the Learning Management System IMC Learning Suite, can contribute to helping learners and employees achieve a higher return on their skills acquisition, and employers realize increased business productivity and a faster time-to-scale,” said Loh. “I will be delighted to share this valuable knowledge with our current and future partners.”
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MicroTek Selected as Strategic North American Training Facility Partner for Oracle University
August 25, 2016 − Chicago, IL − MicroTek, the industry leader in the delivery of training room rentals, virtual training solutions, meeting services and large training roll-outs is pleased to announce that it has been selected as a strategic Oracle University training partner.
Under the terms of the agreement, MicroTek will serve as the training facility provider for Oracle University’s classroom training in Chicago, Denver, New York and Los Angeles. In addition, MicroTek is collaborating with Oracle University on integrating MicroTek’s Virtual Training Room technology across North America.
“Partnering with MicroTek demonstrates Oracle University’s commitment to the quality of our industry-leading IT training,” said Jason Schiedemeyer, senior director, Oracle University. “Through this agreement, we are able to provide a best-in-class learning environment for our students, without the need to purchase and maintain our own training facilities. Additionally, by using MicroTek’s Virtual Training Room, we will be able to provide the same superior learning experience for students enrolled in our Live Virtual Classes.”
Oracle University, a worldwide hardware and software education provider, delivers expert training and industry-recognized IT certifications to over 400,000 students annually. By partnering with MicroTek for their classroom and virtual training, Oracle University is able to realize significant cost savings and scheduling flexibility while ensuring that their learners have access to continually upgraded state-of-the-art classroom facilities.
“MicroTek is pleased to further develop the long-standing relationship we have with Oracle University,” says MicroTek President, Hugh McCullen. “Oracle University is one of the most respected IT training providers in the world and is committed to delivering an exceptional learning experience to its students. We are honored to be working with Oracle University to provide quality facilities, technology and service that support that commitment.”
About MicroTek
Since 1991, MicroTek has been an industry-leading, single-source provider of business training and meeting rooms, large-scale training rollouts, virtual training platforms and instructor sourcing services. With over 3,000 locations worldwide, MicroTek is renowned for its state-of-the-art facilities, Next Generation Classroom technology and unmatched service support. They have the resources, expertise and commitment to execute a total training delivery solution to any client of any size, located anywhere in the world. MicroTek was named a Top Training Company for the eighth consecutive year by trainingindustry.com.
About Oracle University
Oracle University is the premier provider of training for Oracle technologies and products. As one of the largest global corporate training organizations, they offer thousands of in-class, onsite, Live Virtual Class, Training On Demand, and self-study courses for learners around the world.
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Coursmos Releases SaaS Based Learning Management System for Mid to Large Companies
August 26, 2016 − Following their announcement of the pivot in corporate strategy, Coursmos announced its newest generation learning management system this week.
“We see a strong interest in the enterprise solution for learning management so it’s a natural decision to expand our product to a full-featured open education platform and head to the enterprise market,” said Roman Kostochka, founder and CEO, Coursmos.
The new platform is oriented toward mid-to-large size companies and enterprises in order to provide them with effective SaaS solutions for blended learning, interactive communication and performance analysis.
Coursmos LMS offers a streamlined design that requires no assistance from IT specialists to set up and maintain. Once setup, it offers a variety of tools for easy migration and customization in addition to providing access to a large collection of ready-to-go business courses that allow organizations to start using the system from day one while developing their own unique courses.
One of the main advantages of the brand new Coursmos LMS that makes it the best choice for implementing blended learning techniques is its diverse palette of tools that encourage interactive communication. Customers can use the built-in messenger, discussion boards and comments, email and push notifications, webinars and peer assessments as well as traditional tests and quizzes.
Individual and team performance can also be tracked using internal tools or through integrations with over 1,000 external services including popular CRMs and ERP, which allows talent managers to see the direct connection between learning and the effectiveness of daily operations.
Coursmos also boasts state-of-the-art mobile applications for clients so that employees can use their time more effectively and efficiently by wasting no time in learning during their commute or other daily activities.
Global trends on the LMS market show an average growth of 25 percent in recent years and is estimated to reach $7.8B by 2018. There is a market tendency toward implementation of cloud-based LMSs within many organizations, which provides obvious benefits such as significant reductions in terms of capital and operational costs as well as ease of roll out.
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JFL Media Expanding Corporate Training Services to American Cities
Montreal, Quebec − August 29, 2016 − JFL Media Training is proud to announce that beginning September 2016 we will be offering our specialized training services in Philadelphia, Pittsburgh and Boston.
In March 2017, we will begin a more widespread expansion of our services. New York and San Francisco will become access points.
We've been online with our website since January 1st, 2016. We have a fresh image and offer technology adapted to interactive media.
JFL Media Training was founded in 1986. In 2009 we began our specialization in corporate education. The corporate focus provides training for Adobe suite, 3D software, web marketing (SEO) and SEM.
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Glint Raises 27 Million to Boost Employee Engagement With Help From Artificial Intelligence
Redwood City, CA − August 30, 2016 − Glint, the real-time employee engagement platform responsible for bringing AI to HR, today announced it has raised $27 million in new funding. The Series C round was led by Meritech Capital Partners and Bessemer Venture Partners, as well as returning investors Norwest Venture Partners, and Shasta Ventures, bringing total funding to date to $50M.
Since its launch in February 2015, Glint has seen tremendous growth in its roster of innovative, people-first companies. Organizations such as AOL, Blue Apron, Sky, the UK's largest entertainment company, and others use Glint to understand the health of their organization and take quick action to improve engagement and performance. This new round of funding will allow Glint to accelerate the addition of innovative capabilities to its platform, grow its team to ensure the continued success of its global enterprise customers, and advance its mission to help people be happier and more successful at work.
"At Sky, we know we're only as good as the motivation, commitment, and development of the people who work for us. They are critical to our success," said Paul Boyle, director of HR strategy, insight, and planning at Sky. "Glint provides us with unprecedented visibility and insight into what drives engagement and performance on our teams, helping us create a culture where our people can do their best work and achieve great things together."
With U.S. productivity reaching its longest period of decline since 1979 and top talent increasingly difficult to find, organizations are growing more concerned about how they can better understand what motivates different segments of employees and inspire them to higher levels of performance. Glint data from more than a half-million employees shows that the regrettable attrition rate of employee populations with unfavorable Glint engagement scores is 12 times higher than those with favorable Glint scores. By identifying at-risk employee populations and implementing targeted interventions, organizations can begin to reverse concerning productivity and turnover trends.
"Organizations of all sizes are recognizing the need for more frequent feedback and real-time engagement data," said Jim Barnett, co-founder and CEO of Glint. "This investment is a milestone in the growth of our company and the HR technology market, and is a validation of the impact Glint is having at global organizations as they transform their people strategies -- empowering managers to drive engagement and performance, developing people and teams, and creating cultures where employees can be happier and more successful."
"Glint has set the bar for the future of HR technology," said Ralph Tribe, director for people for Sky UK & Ireland. "As an organization with constant renewal and improvement at the core of our success, we're excited to work with Glint as a true partner to help our people fulfill their potential."
Glint's rich analytical capabilities help companies identify and measure key drivers of engagement and provide them with insights and direction to make improvements. Unlike traditional employee engagement solutions that usually involve an annual employee satisfaction survey, Glint uses artificial intelligence to help administer more frequent pulses and drive alerts that deliver real-time insights that keep pace with the changes that impact modern businesses today. Managers gain real-time access to their team's results, as well as recommended action plans specific to their teams in order to improve engagement quickly.
"Successful companies at any stage recognize the immense value of keeping employees engaged and understanding the dynamics of what drives their people," said Craig Sherman, managing director at Meritech Capital Partners. "The Glint team will continue to transform the way organizations measure and improve the success of their people."
"Glint has quickly proven to be a market leader, with a superior product and exceedingly happy customers who have transformed their approaches to giving and receiving feedback from employees," said Byron Deeter, Partner, Bessemer Venture Partners. "We look forward to seeing Glint build on the impressive momentum it's created over the last eighteen months and continue to deliver on its vision to develop and empower employees."
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Coursera Launches Coursera for Business an Enterprise Platform for Workforce Development at Scale
Enters $31B(1) Global Corporate Online Learning Market With Customers Like L'Oreal, BCG, and Axis Bank
Mountain View, CA – August 31, 2016 – Coursera, the global leader in online education and learning, today announced the launch of Coursera for Business, the company's enterprise platform. Coursera for Business enables companies to utilize Coursera's learning content, created by 145 world-renowned universities and other institutions, to help address the rapidly evolving training and development needs of their businesses. Coursera has signed up leading companies including L'Oréal, Boston Consulting Group, and Axis Bank across key markets in the United States, Europe, and Asia as its first customers. The launch marks Coursera's entry into the multi-billion dollar global corporate online learning market, which is growing at the rate of over 10 percent a year.
"Coursera was founded to help transform lives through access to high quality learning experiences, and we've seen extraordinary success in supporting people's career goals. We recognize that one of the best ways we can scale the impact of Coursera and our university partners is by working with the organizations that share the vision of equipping their employees with the knowledge and skills to excel in their careers," said Rick Levin, Coursera's CEO. "Employers recognize that in today's workplace, industry-specific skills can go from relevant to obsolete within months. With Coursera for Business, we're leveraging our success in supporting learning goals at scale to meet organizational objectives and to help businesses attract and retain top talent."
Learning Solution for the Modern Business
Coursera reaches over 21 million registered learners globally, and has proven that online learning is having a real, tangible impact on these individuals' career readiness and growth(2). Coursera for Business builds on Coursera's offering for individuals to give businesses a solution that meets corporate learning challenges such as the rapid pace of change across industries, workforce scale and reach, and business skills alignment.
"We believe in learning for all, and our goal is to touch 100 percent of L'Oréal's employees every year whether they work in our corporate offices or one of our factories," said Laurent Reich, L'Oréal's Governance and Digital Learning Director. "In order to achieve that, we aim for 50 percent of an employee's development time to happen through digital or self-directed learning. We love that the Coursera platform will allow us to provide a breadth of high quality programs and a learning experience that our employees can self-select into to drive their own personal development."
Coursera for Business offers:
Curated, In-Depth Content from Top Universities: Coursera content experts create custom learning programs that cover business, technology, data science, and a variety of other skills to meet each business's unique learning and development needs. With over 1,400 courses and 150 Specializations available on Coursera, content is sourced from 145 of the world's best institutions and provides both breadth and depth to meet the learning needs of a wide range of employees and companies.
Reputable, Stackable Certifications: Coursera's university content is structured so that employees can start with a single course and build seamlessly toward a Specialization (composed of several courses) or an accredited degree. Course and Specialization Certificates are co-branded by top global universities, making them a lasting investment in employees' personal brands. As the second most shared credential on LinkedIn's list of the Top 100 Certification Providers, Coursera's Certificates are already a popular way for employees to showcase new skills.
Flexible and Mobile Learning Meets Enterprise Scale: Flexibility and choice are central to the Coursera for Business learning experience. Employees can complete coursework on their own schedules not only on the web but also on a robust mobile platform that serves the needs of a workforce increasingly dominated by millennials.
Centralized Program Management and Progress Tracking Analytics: Employers can spend less time on paperwork with features like centralized billing, group communication, single sign-on (SSO), and LMS integration. Coursera for Business also provides easy-to-use reporting and tracking tools that allow companies to measure the real impact of an employee development program.
"To compete in today's volatile business environment, an organization must be resilient," said BCG's Andrew Dyer, Senior Partner and Managing Director. "It needs strong capabilities to achieve sustainable success. At BCG, we help clients build core skills and capabilities of their people by partnering in a variety of ways. Digital learning is a key element of our skill-building approach. We feel privileged to work with Coursera to deliver top-quality online learning to our clients and our employees."
Coursera for Business supports Coursera's university partners by enabling them to reach new learners who are beyond college and into their career.
"The most exciting part of teaching on Coursera for me is the opportunity to reach a global audience of people at the beginning, middle, and even end of their careers who just don't have the time and resources to return to a university campus for a full-time degree program. Now, Coursera for Business will enable university professors like me to have an even greater impact on people's lives and career trajectories after college," said Alex Cowan, faculty at the University of Virginia's Darden School of Business and instructor of the Agile Development Specialization on Coursera.
For more information about Coursera for Business, visit coursera.org/enterprise.
About Coursera
Coursera is an online education company that offers courses and learning experiences from the world's top universities and education institutions including Stanford University, University of Pennsylvania, Duke University, University of Virginia, and University of Michigan. Coursera has more than 21 million registered learners worldwide who can access over 1,400 courses and Specializations in dozens of topics including business, technology, social sciences, health, and art. Coursera empowers learners around the world to achieve their career, educational, and personal enrichment goals throughout their lives. Coursera is backed by leading VCs such as Kleiner Perkins Caufield & Byers, New Enterprise Associates, GSV Capital, International Finance Corporation, Laureate Education Inc., and Learn Capital.
For more information, visit www.coursera.org.
(1) Technavio Report, "Global Corporate E-learning Market 2016-2020"
http://finance.yahoo.com/news/global-corporate-e-learning-market-164000323.html
(2) Harvard Business Review, "Who's Benefiting from MOOCs, and Why"
https://hbr.org/2015/09/whos-benefiting-from-moocs-and-why
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PE-backed The Ariel Group buys Better Communications
Boston, MA – September 1, 2016 – The Ariel Group, a learning organization focused on leadership through communication skills has acquired Better Communications, a Waltham, Massachusetts firm that specializes in improving the business writing of financial, technical, and scientific leaders and consultants.
“Better Communications is a best-in-class organization that helps businesses compete by creating written documents that drive action and cut through complexity,” says Sean Kavanagh, CEO of The Ariel Group. “They are a perfect complement to Ariel’s Personal and Leadership Presence offerings that focus on the relationship-building power of the spoken word. If you need to speak, write, or sell with greater impact, we’re now the comprehensive learning provider in this space.”
“We look forward to integrating Better Com’s offerings with Ariel’s training and enhancing our capacity to serve Fortune 1000 clients,” adds Atif Gilani, Ariel Group’s Board member and Founding Partner of Renovus Capital Partners.
Better Communications was founded by Deborah Dumaine, a pioneer in improving business results through writing. She created a revolutionary process for Reader-Centered Writing, setting the standard in writing development for professionals. She is the author of best-selling books, Write to the Top, the Instant-Answer Guide to Business Writing, and the forthcoming Write Like a Leader. Deborah’s workshops and coaching have been adopted by major multinationals and leading business schools worldwide.
“I’ve known The Ariel Group for two decades and have the utmost respect for their outstanding work, integrity, and customer service,” says Dumaine. “I can’t think of a better partner to expand our mission: clear writing for a complex world.”
The Ariel Group is a portfolio company of Wynnewood, Pennsylvania-based Renovus Capital Partners, an education and training focused private equity firm that provided the funding for the investment.
Since its 2012 acquisition by Renovus, The Ariel Group has expanded its range of services to include virtual, online, blended solutions and sales effectiveness training through the procurement of The Baron Group.
About The Ariel Group Using best practices from actor training and adult learning, The Ariel Group helps business people make impactful interpersonal connections through emotional intelligence, self-awareness, and dynamic communication skills. When individuals at every level communicate effectively and build empathetic relationships with each other, organizations experience higher engagement, increased innovation, improved team dynamics and expanded leadership pipelines. Clients include American Express, Capital One, Coca-Cola, Harvard Business School, Procter & Gamble, Thyssen-Krupp, and a diverse mix of Fortune 1000 corporations and major MBA programs. More information: http://www.arielgroup.com.
About Better Communications Founded in 1978, Better Communications enables companies globally to use clear writing as a strategic advantage. Their expert team trains and coaches, sales, scientific, and technical teams, and consultants to deepen client relationships through daily writing. Users of the Better Communications proprietary process report results that are visible and statistically measurable. Clear writing—whether in documents or presentations—provides a well-lit path that drives profitability across any enterprise. Founder Deborah Dumaine is the author of several books, including the forthcoming Write Like a Leader. More information: http://www.bettercom.com
About Renovus Capital Partners Founded in 2010, Renovus Capital Partners is a private equity firm that manages two SBIC funds investing in small and mid-sized businesses within the education and training sectors. To date, the firm has acquired fourteen portfolio companies in verticals such as corporate training, educational content, and educational technology. The firm is particularly interested in profitable and growing enterprises, where the Renovus team can partner with the management to create value through acquisitions, new strategic initiatives, and operational improvements. More information: http://www.renovuscapital.com.
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Career Step Named To the Inc. 5000 List of the Fastest Growing Companies Nationwide
Lehi, UT – September 2, 2016 – Career Step, a leading provider of online career-focused education and corporate training, is pleased to announce that it has been included in the prestigious Inc. 5000 list published annually by Inc. magazine, which ranks the fastest growing, private companies in the nation. This is the eighth time in the company’s history that it has made the list.
“We are thrilled to be included in this year’s Inc. 5000 list,” said Steve Tober, Career Step President and CEO. “This is an honor that truly reflects upon our entire team at Career Step. Our people are the foundation of everything we do, and it is through their hard work and the mission they embrace to serve all of our learners that has fueled our growth. The fact that we are celebrating our eighth year of being included speaks to our premier positioning within the healthcare education market, the value we offer our learners and the significant need for affordable, career-focused education programs.”
Career Step has grown rapidly since it first appeared on the Inc. 5000 list in 2003. Originally offering a single training program in medical transcription, Career Step now also offers training for those interested in starting new careers in fields such as medical coding, pharmacy technician, and medical office management, among others. The school also offers continuing education for healthcare providers and professional training and education resources for healthcare organizations.
“Our focus at Career Step is on providing engaging programs that lead to employment, career progression, and workforce development,” said Ryan Ewer, Career Step CMO. “This focus on results is one of the main drivers of our growth and success because we deliver on what we promise. Emphasizing the needs of those we serve has put us where we are today.”
The Inc. 5000 list is compiled and ranked by companies’ revenue growth rate from 2012 to 2015. To qualify, companies must be at least 3 years old, based in the United States, privately held, for profit, and independent as of December 31, 2015.
Career Step has been included on the Inc. list eight times since 2003, consistently ranking among the nation’s top education companies. To see Career Step’s complete 2016 Inc. 5000 profile, visit http://www.inc.com/profile/career-step.
About Career Step
Career Step is an online provider of career-focused education and corporate training. The company has trained over 100,000 students for new careers, has more than 150 partnerships with colleges and universities nationwide, offers a variety of continuing education courses for healthcare professionals and has educated more than 8,000 health information professionals through its Professional Training Division. Career Step provides training for several of the largest and most respected healthcare employers in the nation and is committed to helping students and practicing healthcare professionals alike gain the skills they need to be successful in the workplace—improving lives, advancing careers and bettering business results through education. More information can be found at http://www.careerstep.com or 1-800-246-7836.
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SAP SuccessFactors Learning Marketplace Designed to Help Improve Customer Community and Partner Engagement
New Offering Transforms and Extends Learning for Better Business Results
Las Vegas, NV – September 6, 2016 – SAP SE (NYSE: SAP) today announced the planned release of SAP® SuccessFactors® Learning Marketplace, a new solution that will extend learning to customers, external communities and partners. This announcement was made at SuccessConnect®, taking place August 29–31 in Las Vegas.
“Today more than ever, learning leaders are working to help their organizations increase competitiveness, revenue and customer satisfaction,” said David Ludlow, group vice president of Solution Management at SAP SuccessFactors.* “As we looked at the market, we realized most external learning solutions are complex, have limited capabilities and are not designed for digital transformation. With the upcoming release of SAP SuccessFactors Learning Marketplace, we plan to deliver a turnkey solution that’s easy for learning leaders and organizations to adopt. The new offering will provide a unique way for organizations to extend their existing learning investments to strengthen their brand, engage customers and enable their partner community.
With SAP SuccessFactors Learning Marketplace, professionals will be able to work with business leaders in marketing, sales and partner organizations to help these organizations:
Improve customer satisfaction, by providing easy-to-access training on products and solutions to speed time to value
Accelerate partner engagement and effectiveness, through just-in-time training and full certification management
Improve organizational branding, reinforcing organizational brand value through targeted marketing and search engine optimization
Attract new customers and build new market channels, with a global commerce platform developed to support the unique needs of learning markets
The new solution will be built upon the SAP SuccessFactors learning management system (LMS) and the SAP Hybris® customer engagement and commerce technologies. It is expected to help remove the technical burden that companies face when trying to deploy training outside the employee base. It will include industry-leading LMS capabilities such as core course management, qualification and certification management, online content handling and business rule definitions for audience segmentations. The proven and flexible customer experience engine will manage content, optimize search and offer a configurable user registration process and dynamic catalog presentation. With integration capabilities to financial systems, it will support multiple credit-card processors, fraud detection and integration to global tax engines.
“Learning programs are becoming as important and widely distributed as any product in the world,” said Josh Bersin, principal at Bersin by Deloitte, Deloitte Consulting LLP, a leading research organization. “Platforms such as SAP’s new learning marketplace are becoming indispensable as organizations distribute and market their learning solutions to new audiences and channels.”
Training professionals today require a combination of strong content and platform to deliver learning programs across and beyond the enterprise. SAP SuccessFactors Learning Marketplace will complement an already extensive portfolio of learning and education services and solutions, including SAP SuccessFactors Learning and SAP Workforce Performance Builder software. SAP SuccessFactors President Mike Ettling has appointed award-winning industry veteran Karie Willyerd as the new head of Global Customer Education and Learning.
“Coming into a new position to drive our learning and education agenda with full support from SAP, and innovation from our product team, is a rare opportunity to bring new and exciting products to market,” said Willyerd. “Even though I have had the honor as a CLO of building the number-one ranked training organization in the world, and have been a founder and CEO of the industry’s first social video learning platform, the commitment, people and resources of SAP ensure we will break through in unprecedented ways to deliver the next generation of learning solutions.”
SAP SuccessFactors Learning Marketplace is expected to be available in Q4 2016. It will be showcased at SuccessConnect. In addition to a keynote demonstration, a session titled “Advanced Extended Enterprise Learning — Better than 3 a.m. Pizza” will be a deep dive into the brand new capabilities for an external training platform.
For more information, visit the SAP News Center. Follow SAP SuccessFactors solutions on Twitter at @SuccessFactors and SAP at @sapnews.
*SAP SuccessFactors is a new brand name launched in January 2016 and is used here to mean the offerings, employees, and business of acquired company SuccessFactors, which continues to be our legal entity until integration with SAP is complete.
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device — SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 320,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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Wasa Kredit boosts process competence through tt performance suite
Heidelberg, Germany – September 6, 2016 – Wasa Kredit AB, a Swedish financial services company based in Stockholm, offers financial services for the leasing of cars, computers, and appliances. It also provides hire purchase and personal loans. Wasa Kredit has been actively working with training and performance support and with the help of the tt performance suite software, the company has now improved significantly in both areas.
Wasa Kredit has built effective process management, surrounding the mapping of processes and user documentation. This is seen as a key to the organization’s continued success. tt performance suite helps Wasa Kredit to bring together everything from process owners, process managers and employees and the integrated e-learning and performance support platform is now used for all user documentation and the visualization of business processes.
“Before the implementation of tt performance suite we needed 10-15 minutes to decide how a particular question relating to a business process would be resolved. Nowadays, it takes about one minute. Our goal is to reduce this further to no more than 30 seconds. tt performance suite has proved invaluable to achieve this improved performance,” explains Kent Karlsson, Business Development Manager at Wasa Kredit.
Swedish tts partner Peritum AB has supported Wasa Kredit within the implementation process, structuring and developing concepts. Wasa Kredit has improved the efficiency of its work processes, so that customers receive help faster and with greater efficiency. It is now easy for employees to find the right content and documents to facilitate their work. This in turn, has led to greater customer satisfaction. Moreover, well-informed and supported employees make organizations more compliant with their standard processes.
About Wasa Kredit
Wasa Kredit AB is a Swedish financial services company based in Stockholm with around 280 employees. Since May 20, 1998 Wasa Kredit has been operating as a subsidiary of Länsförsäkringar Bank AB. The company offers financial services for the leasing of cars, computers, and appliances. It also provides hire purchase and personal loans. Find out more at www.wasakredit.se
About tts
tts is a leading global learning provider. With innovative learning technologies, tts supports its customers in turning knowledge into workplace performance. The portfolio covers the tts software tt performance suite (e-learning authoring and documentation plus performance support) together with talent management (SAP Human Capital Management and SAP SuccessFactors) and corporate learning (training and e-learning). With its corporate HQ in Heidelberg, tts has nine offices around the world to serve its’ global clients. Find out more at http://www.tt-s.com/en/
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