SOURCE: Saba Software

Saba Software

April 26, 2016 09:00 ET

Demand for Personalized, User-Driven Talent Management Drives Business Performance and Momentum for Saba Software

Award-Winning Innovations Help Deliver Strong Performance in Fiscal Q3

REDWOOD SHORES, CA--(Marketwired - April 26, 2016) -  Saba Software, a leading provider of cloud-based Intelligent Talent Management solutions, today announced highlights from its fiscal third quarter, ending February 29, 2016.

"Customers chose Saba because of our innovative, scalable and agile approaches to talent management," says Saba CEO Pervez Qureshi. "With our help, companies like Hyatt, Dell, Virgin Atlantic and Guitar Center are powering personalized, social and agile programs to engage and develop their teams with micro-learning, mobile development, and personalized career exploration. These initiatives are core to Saba's successful performance and strong business momentum last quarter."

Highlights from Saba's most recent fiscal quarter include:

Delivers Business Performance

  • Delivers positive cash-flow from operations while continuing to invest strategically in product innovation for Saba's world-class cloud platform
  • Continues upward trajectory and global deployments of its Saba Cloud platform
  • Closes 22 deals in excess of $250,000 in the quarter
  • Supports customer demand to move to the cloud, including migrating two of the world's largest convenience restaurant chains to the Saba Cloud Platform
  • Expands executive team with addition of Pervez Qureshi, CEO, on March 3.

Opens Center for Customer Excellence in Austin, Texas

To accommodate and accelerate continued customer advancement, Saba is preparing to open its Center for Customer Excellence in Austin, TX. The office, located in Austin's fast-growing northwest tech and startup corridor, will include a Saba University training center. In addition, it will house a growing team representing a cross section of customer success, professional service, marketing, corporate sales development, support and training.

Extends Product Innovation: Simple, Real-Time Performance Reviews

Saba Cloud Winter Release, launched the end of February, delivered advancements in modern learning, data and program analytics, as well as innovation in support of the next generation of Performance Management.

Taking a cue from the Net Promoter Score business metric, Saba Performance@Work now offers a simple, dynamic, real-time performance review approach based on a single question: would you refer this person based on their performance? This enables dynamic performance ratings and benchmarks, simplifies creation and improves visibility of goals, facilitates agility and streamlines viewing and calibration across teams for improved alignment.

Builds Endorsements for Market Leadership

Qureshi adds: "We're leveraging our deep domain expertise built in collaboration with innovative customers who push against the status quo in learning and talent. They inspire us to deliver progressive, personalized and collaborative development experiences for their teams that in turn, drive individual and company performance. We see this 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

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