This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Saba Cloud Momentum Continues, Reaching Over 10.2 Million Subscribers Worldwide

Saba (NASDAQ: SABA), the premier provider of people-centric enterprise solutions, announced today that it has experienced continued momentum in customer adoption of its premier cloud-based solutions including learning management, talent management, real-time and social collaboration. As of the end of its first quarter of fiscal year 2012, Saba’s total number of cloud subscribers across the globe exceeded 10.2 million, making the company one of the industry’s largest cloud-based learning and talent management solution providers.

Over the last year, Saba has seen continued adoption of its cloud solutions not only by large enterprises, but also by mid-enterprise and small-to-medium businesses (SMBs). Organizations are increasingly turning to Saba for its cloud-based learning management, talent management, real-time and social collaboration solutions to help engage, develop, and inspire their people throughout their extended value chains, thereby transforming the way they work. The number of new customers adopting Saba solutions has been steadily increasing, with the company adding more than 140 customers in fiscal year 2012 and over 50 customers in the first quarter of fiscal year 2013.

"We are extremely excited about the continued adoption of our cloud solutions. It's a strong testament to our ability to understand customer needs and deliver the value they are seeking," said Shawn Farshchi, Chief Operating Officer at Saba. "As companies of all sizes adopt our people-centric solutions to transform the way they work, Saba’s ability to provide a highly scalable, secure and flexible cloud platform will allow them to focus on realizing their business transformation and achieving their growth objectives."

The Saba Cloud Platform is highly scalable and exceeds industry security and compliance standards. Its powerful, standards-based architecture can address the needs of large customers in a global implementation as well as those of mid-sized enterprises in a Cloud environment. Specifically, the Saba Cloud Platform:

  • Supports over 10.2 million global cloud subscribers
  • Delivers cloud-based solutions to more than 700 customers worldwide
  • Supports deployments of all sizes, ranging from hundreds to over 400,000 subscribers per organization
  • Has delivered over 110 million learning events to its subscribers to date
  • Provides robust and functionally-rich people-centric solutions in 36 languages
  • Has 13 state-of-the-art data centers across North America, EMEA and APAC, all of which are assessed against International Organization for Standardization (ISO) 27001 certification and/or Statement on Standards for Attestation Engagements (SSAE) 16
  • Delivers more than 30 validated environments against Food and Drug Administration (FDA) controls

Saba provides world-class cloud services in support of its cloud platform, including:

  • Robust security assurance services including engagement with penetration testers to perform web application, network vulnerability, and onsite physical security audit from a third party view
  • Transparency on security programs by hosting audits for Saba customers, including onsite policy review, customer’s third party penetration testing, and onsite System Development Life Cycle (SDLC) quality audits
  • Cloud services for government customers in compliance with Federal Information Security Management Act (FISMA) moderate data security controls
  • Standards based integration capabilities delivered on Enterprise Service Bus, including web services, standard import/export templates, and out-of-the-box connectors with back-end systems such as Enterprise Resource Planning (ERP) and Human Resource Information Systems (HRIS)
  • State-of-the-art SSAE-16, AT101 Type II and ISO 27001 certified data centers
  • Service best-practices standards based on National Institute of Standards and Technology (NIST) and ISO 27002
  • Comprehensive consulting services, including configurators and wizards for rapid implementation
  • Secure, available cloud services 24x7x365
  • Online and phone support 24x7
  • Multi-tenant cloud delivery model
  • Out-of-the-box single sign-on (SSO) and Secure Sockets Layer (SSL)

Supporting Resources

About Saba

Saba ( NASDAQSABA) 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, 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.

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 continued momentum of customer adoption and continued adoption of Saba’s cloud solutions and that organizations are increasingly turning to Saba for its cloud-based solutions. 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 ability to file its delayed periodic reports with the SEC and regain compliance with Nasdaq filing requirements, 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs