SumTotal Systems Expands Senior Leadership with Finance and Professional Services Veterans; Largest Learning and Business Perfor
02 August 2005 - 9:55PM
Business Wire
SumTotal Systems (Nasdaq:SUMTE), the largest provider of learning
and business performance technologies and services, today announced
that it has expanded its senior management team with the addition
of Harnish Kanani, new senior vice president, professional services
and training, and Mark Cuny, new corporate controller. Kanani
brings a wealth of experience to SumTotal's professional services
team, including more than 20 years of driving technology
development and deployment for global customers as a consultant
with CapGemini Ernst and Young and TATA Consulting. Just prior to
assuming his new role at SumTotal, Kanani was COO for Emagia, a
financial enterprise software provider, where he led the global
services, sales and support teams, in addition to managing internal
operations. At SumTotal, Kanani will have responsibility for
driving the development of processes and strategies focused on
successful system deployment and customer satisfaction. He also
will lead SumTotal's customer training organization, overseeing the
enhancement of the company's training offering based on customer
feedback and marketplace demands. "SumTotal has come through an
extremely successful merger and integration and I'm delighted to be
joining the company as it enters its next phase of growth as a
global provider," said Kanani. "As the number of customers
implementing our state-of-the-art platform continues to expand, I
look forward to developing the highly scalable teams and flexible
service models required to meet customer need and to fuel our
growth." As SumTotal's corporate controller, Cuny will be
responsible for all accounting functions and infrastructure and the
maintenance of the company's financial control environment. Cuny
joins SumTotal after spending a decade at Siebel Systems, where he
was most recently group director of accounting. While at Siebel,
Cuny helped establish the company's financial infrastructure, as
well as overseeing all financial functions of the company's 15
subsidiaries in Asia Pacific, Latin America and Canada. Cuny also
had extensive experience helping Siebel document procedures, risks
and controls to support its compliance with the Sarbanes-Oxley Act.
Prior to Siebel, Cuny helped drive the financial affairs of a wide
variety of companies, including Weyerhaeuser, Datagate Inc. and
Forensic Analytical. "SumTotal has an outstanding reputation as a
technology innovator that has helped define the industry. We are
experiencing significant growth and success despite a challenging
software marketplace and we continue to capture marketshare," said
Cuny. "By further improving financial processes and infrastructure,
I look forward to helping guide the company's future expansion
around the globe." "The depth and experience of our management team
are key reasons why SumTotal leads in our industry," said R. Andrew
Eckert, SumTotal CEO. "SumTotal stands to benefit considerably from
Harnish's and Mark's industry expertise and successful track
records producing healthy companies and happy customers. Their
addition to our leadership organization will help us ensure that
our products and services effectively meet the needs of our global
enterprise customers and that we remain a strong, stable partner
for these organizations over the long-term." About SumTotal Systems
SumTotal Systems Inc. (Nasdaq:SUMTE) is the largest provider of
learning and business performance technologies and services.
SumTotal deploys mission-critical solutions that align learning
with organizational and business goals to generate significant
bottom-line results. With more than 12 million users worldwide,
SumTotal has helped accelerate performance and profit for more than
675 of the world's best-known companies and government agencies,
including the US Army, Air Force, Navy and Coast Guard, Microsoft,
United Airlines, the State of California, DSHS, Vodafone, Aetna,
Accenture, USDA, Cendant, Harley-Davidson, Wyeth, Wachovia and D
& B. Headquartered in Mountain View, CA, SumTotal has offices
throughout the US, as well as in London, Paris, Heidelberg, Sydney,
Tokyo and Hyderabad, India. For more information on SumTotal's
solutions and services, visit www.sumtotalsystems.com. Safe Harbor
Statement/ Forward-Looking Statements "Information in this press
release contains forward-looking statements. These statements
represent SumTotal Systems' expectations or beliefs concerning
future events and include statements, among others, regarding
SumTotal Systems' new product, SumTotal Enterprise Suite 7.1. These
statements are not historical facts or guarantees of future
performance or events and are based on current expectations,
estimates, beliefs, assumptions, goals and objectives, and involve
known and unknown risks, uncertainties and other factors that may
cause actual results to be materially different from the results
expressed or implied by these statements. Readers of this press
release are cautioned not to place undue reliance on any
forward-looking statements. Additional factors that could cause
actual results to differ include, but are not limited to (i)
unknown errors or bugs in SumTotal Enterprise Suite 7.1; (ii)
inability to fix in a timely fashion unanticipated bugs, errors or
defects that material impact the functionality or usability of
SumTotal Enterprise Suite 7.1, or unanticipated problems in
customer upgrades to SumTotal Enterprise Suite 7.1 from prior
SumTotal products (iii) unexpected shipment problems or delays of
SumTotal Enterprise Suite 7.1; (iv) customers or partners delaying
purchasing or upgrade decisions until there is widespread market
acceptance of SumTotal Enterprise Suite 7.1; (v) the acceptance of
SumTotal Enterprise Suite 7.1 and future product offerings; (vi)
the ability to successfully implement SumTotal Systems' solutions;
(vii) the ability to successfully address technological
developments and standards; (viii) ability to successfully manage
growth, significant current and expected additional competition,
and the need to continue to expand product distribution and
services offerings; and (ix) other events and other important
factors disclosed previously and from time to time in SumTotal
Systems' filings with the Securities and Exchange Commission,
including the quarterly report filed on Form 10Q on November 15,
2004 and its Form 8-Ks filed on February 2, March 8, 10 and 17, and
April 6, 20 and 28, 2005. SumTotal Systems assumes no obligation to
update the information in this press release."
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