Sberbank Selects Saba’s Unified Learning Management Suite to Deliver Blended Learning Across the Extended Enterprise
REDWOOD SHORES, CA, August 15, 2012 - Saba (NASDAQ:SABA), the premier provider of people-centric enterprise solutions, today announced that Sberbank, the largest bank in Russia, has selected Saba’s Unified Learning Management Suite to provide a comprehensive blended learning program across its extended enterprise.
Sberbank plans to use Saba’s solution as the basis of its ‘Business Environment’ project. Founded by Sberbank, the ‘Business Environment’ project is a convenient and accessible Internet portal for small and medium-sized businesses and plays a vital role in Sberbank’s strategy to expand the growth of mid-market companies in Russia. It provides a broad range of services including communication and social networking facilities as well as full Internet banking services.
The bank also intends to use Saba’s Unified Learning Management Suite to deliver advanced training and educational services via its ‘School of Entrepreneurs’ – a service that Sberbank provides for entrepreneurs who are in the process of starting new businesses. Sberbank plans to deliver these services to approximately 50,000 customers in the first year, with projected growth year over year.
Sberbank’s Corporate University also plans on leveraging Saba’s Unified Learning Management Suite. Sberbank plans to create a broad curriculum of training courses, programs and assessments for 240,000 employees across 19,000 nationwide branches.
“We are pleased to offer Russian businesses access to the most advanced educational platform available,” said Andrei Donskikh, Sberbank of Russia Deputy CEO. “I am certain that it will help Russian entrepreneurs improve the competitiveness and efficiency of their business.”
“We’re extremely pleased that Sberbank has selected Saba to streamline its core learning management processes and to provide uniform training externally to its small and medium customer base across Russia,” said Jeff Carr, president, global field operations, Saba. “This is what Saba does best – help global organizations deliver training, certification and knowledge resources to their extended enterprise networks of customers, partners, distributors and suppliers. Saba’s comprehensive cloud offering unifies every aspect of learning technology to accelerate the engagement, development, and inspiration of people.”
This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding Sberbank’s plans to use Saba’s solution (i) as the basis of its Business Environment Project, (ii) to deliver advanced training and educational services via the ‘School of Entrepreneurs’ and deliver these services to approximately 50,000 customers in the first year, with projected growth year over year, and (iii) for 240,000 employees across 19,000 nationwide branches. Actual results could differ materially from those expressed in any forward-looking statements. Readers should 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.
Sberbank is the largest bank of Russia that holds about 27% of the Russian banking assets and employs nearly 240,000 people. The Central Bank of Russian Federation is the founder and major shareholder of Sberbank, owning 57.6% of its issued outstanding shares. Other shares are held by more than 245,000 individual and institutional investors. The Bank has one of the largest networks in Russia: 17 territorial banks, about 19,000 branches as well as subsidiaries in Kazakhstan, Ukraine and Belarus, a branch in India, representative offices in Germany and China. With the acquisition of Volksbank International in 2012 Sberbank gained presence in nine Central and Eastern European countries. For more information please visit http://sberbank.ru/en/.
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-based learning 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 visit www.saba.com or call +1-877-SABA-101 or +1-650-779-2791. SABA, the Saba logo, Saba Centra, and the marks relating to Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. or its affiliates. All other trademarks are the property of their respective owners.
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