Saba to Showcase Financial Services Industry Expertise and Deliver ‘View on the Education Market’; Saba Customers Swedbank and Royal Bank of Scotland to Present

REDWOOD SHORES, CALIF., January 24, 2005 – Saba (NASDAQ: SABA), the leading provider of integrated human capital management (HCM) solutions, today announced that it will sponsor the upcoming “e-Learning for Financial Institutions” event in Amsterdam on January 26-27, 2005. Bobby Yazdani, Saba chairman and CEO, will deliver a presentation detailing Saba’s e-learning vision for the financial services industry. The event will provide representatives from the top financial services organizations in Europe with a valuable forum at which executives can share best practices, advice and insight, with the goal of helping companies advance e-Learning in the financial services industry.

In addition to Yazdani’s presentation, Saba also announced that two of its customers, Swedbank and the Royal Bank of Scotland Group (RBS), will be delivering presentations to address the business-critical value of enterprise learning solutions. RBS will deliver a presentation entitled “The RBS e-Learning Journey,” which will discuss its experience in developing and implementing its corporate learning management system, “Access to Learning.” In addition, Swedbank will present a case study on “What you Have to Do to Get the Most Out of Investing in LMS and CMS.”

“The e-Learning for Financial Institutions event is an excellent opportunity for Saba and our customers, Swedbank and RBS, to share information with a broad range of organizations within the financial services industry,” said Bobby Yazdani. “This event will help organizations improve their ability to drive change, improve workforce development and link learning to business goals and strategies.”

Saba’s leadership in the financial services industry stems from its deep industry expertise and superior technology architecture that is highly configurable, secure and scaleable. Financial services organizations are demanding solutions that are J2EE-compliant, and Saba’s customers look to it because it is a fully Internet-based architecture, built on open standards and gives the highest degree of interoperability.

For more details on the event and to view the full agenda, please visit http://www.jacobfleming.com/index.php?idoflevel=18.

About Saba
Saba (NASDAQ: SABA) is the leading provider of human capital development and management (HCDM) solutions, which increase organizational performance through the implementation of a management system for aligning, developing, and managing people. Among the Global 2000, Saba customers include Alcatel, Cisco Systems, DaimlerChrysler, EMC Corp., Kaiser Permanente, Medtronic, Procter & Gamble, Union Bank of California and VERITAS Software. Saba has received industry recognition for its solutions, and was recently named again to the leader quadrant position in the Gartner 2004 e-Learning Suite and Learning Management Systems (LMS) 'Magic Quadrants' and was ranked in March by IT industry analyst META Group as a market leader in learning management technology for the third consecutive year.

Saba is headquartered in Redwood Shores, California, with offices worldwide. For more information, please visit www.saba.com or call (877) SABA-101 or (650) 779-2791.

Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owners.