SumTotal in Deloitte's Tech Fast 500 list

BANGALORE: SumTotal Systems, a provider of talent development solutions, announced on Tuesday that it was named to the Deloitte 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.

The Deloitte Technology Fast 500 rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007, during which time SumTotal Systems’ revenue grew 313 per cent, said a press release.

According to the report, SumTotal Systems posted the largest revenue for fiscal year 2007 of any company in the talent development space.

Arun Chandra, SumTotal’s newly appointed CEO, credits market leading products and an industry-first unified approach to talent development with the company’s success over the past five years.

“What attracted me to SumTotal was its proven customer base, innovative product portfolio and ability to adapt to an expanding market with on-demand and mobile offerings. But even more significant is the growth opportunity over the next five years,”  he said.

“Each company on Deloitte’s Technology Fast 500 is an innovator with an exceptional five-year track record of growth,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications.

“SumTotal Systems has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment.”

Fast 500 selection is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research, the release said.



Companies are selected based on percentage revenue growth from 2003 to 2007.