Saba People Cloud Enables Organizations of All Sizes to Thrive in the New World of Work
REDWOOD SHORES, Calif. March 20, 2012 - To meet the demands of today's changing world of work, Saba (NASDAQ:SABA), the premier provider of people-centric enterprise solutions, today announced the availability of its next generation business collaboration platform, Saba People Cloud. The platform combines social, real-time and mobile technologies with modern people processes to allow organizations to engage, develop and inspire all the people they work with - co-workers, partners, suppliers and customers. By creating a more transparent, better connected and highly collaborative way of working, Saba is empowering an organizations most critical assets-its people-while enabling the social enterprise to be more agile, competitive and responsive to market demands.
"Email changed the way we work. Now we're doing it again by putting people, not information, at the center of the organization," said Bobby Yazdani, founder and CEO of Saba. "To truly transform the way people work, social collaboration technologies must replace disconnected hierarchies and silos. This is what we've accomplished with the Saba People Cloud, the industry's first people-centric social enterprise platform delivered as a service."
IDC predicts the emerging social platforms category, which includes enterprise social software products, will reach nearly $2 billion by 2014, for a compound annual growth rate of 38.2 percent over five years. Saba plans to take advantage of this rapid market growth by introducing the industry's only social enterprise platform to have a truly unified enterprise people profile, which unifies the formal profile from a system of record such as a Human Resource Information System (HRIS) and certified credentials from Learning Management and Talent Management workflows with the social, community powered, profile for a full view of expertise across the organization. Saba People Cloud introduces the industry's first People Quotient (pQ) score, a ground-breaking technology that helps people measure and improve their influence, reputation and impact at work. Saba People Cloud is also the only unified platform with real-time chat and HD video for instant meetings that can be easily recorded and shared.
Key Benefits of Saba People Cloud:
Saba's social enterprise platform helps the most innovative organizations in the world transform their business by enabling:
Open and Extensible Social Enterprise Platform:
Availability and Pricing
Saba People Cloud is available now for organizations to experience the product via a free trial at http://www.sabapeoplecloud.com/.
Saba(NASDAQ: SABA) enables organizations to build a transformative workplace that leverages the advent of social networking in business and the ubiquity of mobile to empower an organization's most mission-critical assets — its people. The company provides a set of people-centric enterprise solutions to various businesses and industries worldwide. Saba delivers cloud-basedlearning management,talent management, and social enterprise solutions to transform the way people work.
Saba's premier customer base includes major global organizations and industry leaders in financial services, life sciences and healthcare, high tech, automotive and manufacturing, retail, energy and utilities, packaged goods, and public sector organizations. Headquartered in Redwood Shores, California, Saba has offices on five continents. For more information, please visitwww.saba.comor call +1-877-SABA-101 or +1-650-779-2791. SABA, the Saba logo, and the marks relating to Saba products and services referenced herein are either trademarks or registered trademarks ofSaba Software, Inc.or its affiliates. All other trademarks are the property of their respective owners.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding the predicted size and growth rate of enterprise social platforms category and Saba's ability to take advantage of the market growth. Saba's actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties Saba faces that could cause results to differ materially include risks associated with: Saba's dependence on growth of the markets for Saba's products, dependence on acceptance of Saba's products by customers and channel partners, fluctuation in customer spending, length of Saba's sales cycle, competition, rapid technological change, dependence on new product introductions and enhancements, and potential software defects. Readers should also refer to the section entitled "Risk Factors" in the Form 10-K for the fiscal year ended May 31, 2011, and similar disclosures in subsequent reports filed with the SEC. The forward-looking statements and risks stated in this press release are based on information available to Saba today. Saba assumes no obligation to update them.
Any reference to future products, features or functionality is intended to be for informational purposes only. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any products, features or functionality described in this communication remains at the sole discretion of Saba and may change at any time, with or without notice.