PRZOOM - /newswire/ -
Mountain View, CA, United States, 2007/10/11 - Duluth, Ga.-based AGCO (NYSE: AG), a world leader in the manufacture, marketing and distribution of agricultural equipment, is implementing SumTotal’s Enterprise Suite in phases as part of a strategic human resources initiative (NASDAQ: SUMT). NASDAQ: SUMT
SumTotal® Systems, Inc., a global provider of talent and learning management solutions, said that AGCO Corporation (NYSE: AG) has purchased the SumTotal Enterprise Suite™ to deliver learning, manage employee performance and align goals. The SumTotal suite is a talent management system consisting of TotalLMS™, a platform for delivering and analyzing learning, TotalPerformance™, software for assessing employee performance, and TotalCompensation™, technology for building, among other things, pay-for-performance models.
Duluth, Ga.-based AGCO, a world leader in the manufacture, marketing and distribution of agricultural equipment, is implementing SumTotal’s Enterprise Suite in phases as part of a strategic human resources initiative. Since its formation in 1990, AGCO has grown through more than 20 acquisitions. AGCO sought a unified approach and platform for managing its strategic HR needs and SumTotal’s software will support this global alignment.
To date, AGCO has implemented SumTotal’s software for: managing employee goals; constructing succession plans; and assessing employee performance and competencies.
Founded in 1990, AGCO Corporation (NYSE: AG) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO®, Challenger®, Fendt®, Gleaner®, Hesston®, Massey Ferguson®, New Idea®, RoGator®, Spra-Coupe®, Sunflower®, Terra-Gator®, Valtra®, and White™ Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2006 had net sales of $5.4 billion.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (sumtotalsystems.com) is a global provider of talent and learning management solutions. SumTotal deploys mission-critical solutions designed to align goals, develop skills, assess performance, plan for succession and set compensation. SumTotal’s solutions aim to accelerate performance and profits for more than 1,500 companies and governments of all sizes, including six of the world’s 10 biggest pharmaceutical makers, six of the 10 largest automotive companies in the world, four of the five branches of the U.S. Armed Forces, three of the world’s top five airlines, five of the six largest U.S. commercial banks and two of the world’s top five specialty retailers. Mountain View, Calif.-based SumTotal has offices across Asia, Australia, Europe and North America.