GAINESVILLE, Fla.--(BUSINESS WIRE)--SumTotal® Systems, Inc., the innovator in strategic Human Capital Management (HCM) solutions, today announced the acquisitions of CyberShift, a leader in strategic workforce management and expense software, and Accero, experts in payroll and benefits software. These acquisitions advance and accelerate SumTotal’s vision and expand Talent Management to link mission critical processes across the broader strategic Human Capital Management (HCM) market. With over 3,400 global customers and 43 Million users, SumTotal represents the most complete strategic HCM solution delivering greater value to customers with cross-functional best-in-class capabilities.
Increasing labor costs have put additional pressures on organizations, driving the need for improved, global visibility of how organizations manage their workforce to reduce operational costs. The workforce is typically the largest expense to an organization (40-70 percent of costs), and how employees are acquired, on-boarded, trained, deployed, assessed, and rewarded directly impacts an organization’s ability to achieve its business goals and maximize profits. At the same time, the shift from simply managing transactional HR functions to enabling integrated HR processes is compelling organizations to simplify and improve their technology deployments to contain costs and eliminate silos of fragmented information. Significant cost reductions are achieved not only through the automation and optimization of related workforce processes, but also with the integration of functions to a single HR solution that leverages the latest cloud-based technologies.
“SumTotal has proven its ability to rapidly integrate multiple acquisitions in a short period of time while delivering real value to customers,” said Josh Bersin, president and chief executive officer, Bersin & Associates. “The acquisition of CyberShift and Accero gives the company a total end-to-end set of solutions for all elements of strategic human capital management.”
CyberShift, an industry leader in strategic workforce management and expense management software, offers innovative visualization and mobile solutions for time and attendance, advanced scheduling, absence management, and Family and Medical Leave Act (FMLA) and leave management. CyberShift is the only enterprise solution vendor in Workforce Management with a true Software-as-a-Service (SaaS) offering. Accero has a long demonstrated history providing payroll and benefits software with advanced workforce intelligence capabilities for mid-size and large enterprises internationally, and specializes in complex corporate environments.
Collectively, these acquisitions add an additional 1,000 new customers with millions of global users making SumTotal one of the largest Talent Management providers in the industry and one of the most complete strategic HCM providers. With customers such as Dell, Google, Sony Electronics, AstraZeneca, HBO, Tommy Bahama, Aer Lingus, US Airways, British Airways, and Rolls-Royce, SumTotal maintains a market leader position with global presence in every market segment and deployed in over 160 countries. Customers gain the value of the most complete solution available, a larger customer community to share best practices, increased vertical domain expertise, and best-in-class functional capabilities. In addition, SumTotal will continue to support and innovate all product lines and ensure existing customer investments remain secure. This proven customer-centric model galvanizes SumTotal’s commitment to customers as the company rapidly integrates and advances its best-in-class capabilities.
SumTotal now offers customers the most complete HR solution that manages strategic HCM functions including Talent Acquisition (acquire to onboard), Talent Management (perform to reward), Talent Development (assess to develop), and Workforce Management (schedule to pay), including integrated core system of record. Customers achieve the benefit of a single comprehensive solution that addresses strategic HCM processes, at a lower total cost of ownership and with best-in-class capabilities and a superior user experience.
“Customers are requiring more end-to-end solutions for enabling strategic, high-value HCM processes across their entire organization, while having ‘one-hand-to-shake’ with their delivery partner,” said John Borgerding, CEO of SumTotal Systems. “We have raised the bar for how organizations manage their workforce by providing complete visibility and strategic planning in a single solution that enables better decision making. Traditional vendors only touch the surface and focus on process automation or record keeping, and point solutions only address process silos and don’t scale to all organizational models. SumTotal is the only vendor that can provide this new level of breadth and depth for customers.”
For more information about SumTotal, visit the company’s website at www.sumtotalsystems.com.
About SumTotal Systems
SumTotal Systems, Inc. is the global leader strategic Human Capital Management (HCM) solutions that provide organizations with new level of visibility to help make more informed business decisions and accelerate growth. Recognized by industry analysts as the most complete solution, SumTotal provides full employee lifecycle management, including a core system of record, from a single provider for improved business intelligence. The company offers customers of all sizes and in all industries the most flexibility and choice with multiple purchase, configuration, and deployment options. We have increased the performance of the world’s largest organizations including Sony Electronics (NYSE: SNE), AstraZeneca (NYSE: AZN [ADR]; London: AZN), Amway (KUL:AMWAY), Seagate (NYSE: STX), Dell (NASDAQ:DELL), and Google (NASDAQ:GOOG).
For more information, or to request a demo, please call +1 (866) 768-6825 (US / Canada), +1 (352) 264-2800 (international) or visit www.sumtotalsystems.com.
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