SumTotal will provide the most comprehensive talent management solution available in the industry to its more than 1,800 customers and 25 million users worldwide, including 43% of the Fortune 500.
Softscape was the first company to incorporate integrated talent management into its business strategy, and because of its vision and head start in the HR software industry, the company had developed many advanced features not found in other solutions.
Josh Bersin, CEO and president of Bersin & Associates, said: "This acquisition creates a major new force in talent management software. Our research shows that 75% of all HR systems buyers now want an integrated talent management platform. The days of ‘standalone’ HR silos and fragmented solutions are slowly coming to an end, and as a result of this acquisition SumTotal is addressing customers’ demand for a single vendor that’s capable of delivering an end-to-end solution."
"Both Softscape and SumTotal share a vision to help organisations improve operational efficiencies and workforce effectiveness. We are passionate, creative, and customer-centric with a focus on further expanding an end-to-end software platform for all aspects of HR," said Richard Watkins, chief technology officer at Softscape. "The synergies across our two organisations and technology leadership will allow us to support customers on a whole new level."
