At People 2013: Saba Global Summit today, Saba (NASDAQ: SABA) announced the latest update of Saba People Cloud, an innovative, cloud-based service featuring fully integrated and robust enterprise learning and talent processes with social, mobile and collaboration capabilities, all in a single environment. Building on more than 15 years of leadership in the learning and talent management sector, Saba is transforming traditional processes and how work gets done at organizations around the world. Saba People Cloud was architected for the cloud; with an enterprise social collaboration core, mobile delivery and Saba’s enterprise-class learning and talent management capabilities. With today’s announcement, Saba has delivered a next-generation cloud service that can help professionally and personally inspire, engage and develop an organization’s entire people network – its employees, partners, customers and vendors. Today’s rapidly changing global economy and increasingly multigenerational workforce are imposing a change in how organizations compete not only in the marketplace, but also for the talent needed to succeed. Technology – from the cloud to the influx of mobile devices such as smartphones and tablets – has given organizations of any size the opportunity to compete on a global scale. Employees no longer need to operate in the confines of their cubicle at their headquarters during the typical nine-to-five workday. Instead, companies can function competitively around the clock, from anywhere and on any device. Saba’s solution helps organizations adapt to – and succeed in – the new world of work by transforming how business is conducted. “As architects and designers, step one in the Saba People Cloud is idea generation. Allowing the good stuff to float to the top, our plan is to harvest the energy and commitments of our people into specific topics of research to invest in, to take our own research to market and open up new streams of better business,” said Rodney Paesler, managing director at Scott Carver, an Australia-based design firm. “Our industry is rich with issues and problems to solve, and it keeps changing in complexity. Discourse is the only way to stay engaged, to stay in front. Crowd sourcing from a focused community is like crop farming. And we are only at the hunter and gatherer stage.”
Saba Software (Nasdaq:SABA) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading down 75 cents (-8.8%).