SumTotal Systems, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
SumTotal Systems, LLC - overview
Established
1985
Location
Gainesville, FL, US
Primary Industry
Software
About
SumTotal Systems, LLC specializes in providing a comprehensive suite of learning and talent management solutions, tailored for complex organizations to enhance workforce capabilities and ensure compliance with regulatory requirements. Founded in 1985 by James Ratzlaff and Travis Shapiro in Gainesville, US, SumTotal Systems, LLC focuses on workforce management solutions. The company has received a total of USD 160. 00 mn across 4 funding rounds, with the latest being an Add-on round led by Cornerstone OnDemand, Inc.
for USD 200. 00 mn. SumTotal delivers a broad range of learning, talent, and workforce management solutions designed for highly-regulated sectors. Their product offerings include learning management systems (LMS), talent development, recruitment, onboarding, performance management, and compliance solutions.
These services are marketed to various industries such as healthcare, finance, public sector, and manufacturing, enabling organizations to optimize their workforce and drive digital transformation. In 2008, SumTotal reported a revenue of USD 126. 65 mn and an EBITDA loss of USD 59. 58 mn for that year.
SumTotal Systems, LLC aims to expand its product line with new offerings focusing on advanced analytics and mobile solutions by late 2024. The company is also targeting expansion into the Asia-Pacific market, with plans to establish regional offices by 2025. Recent funding will support these initiatives, particularly in scaling product development and enhancing customer engagement strategies.
Current Investors
Cornerstone OnDemand, Inc., Charterhouse Capital Partners, SkillSoft Limited
Primary Industry
Software
Sub Industries
Consulting Services, Education & Training Services, HR & Workforce Software, Accounting/Finance Software
Website
www.sumtotalsystems.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
SumTotal Systems, LLC - financials
| Fiscal Year Ended | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Jan 01, 2009 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 55,204,000 | 74,970,000 | 105,988,000 | - | - | - |
| % Revenue Growth (YoY) | - | 35.8% | 41.4% | - | - | - |
| EBITDA (USD) | (9,003,000) | (4,489,000) | 745,000 | - | - | - |
| Operating Income (USD) | (15,760,000) | (10,697,000) | (11,029,000) | - | - | - |
| Operating Margin | (28.5%) | (14.3%) | (10.4%) | - | - | - |
| % EBITDA Margin | (16.3%) | (6.0%) | 0.7% | - | - | - |
| NET Income (USD) | (16,032,000) | (11,116,000) | (11,954,000) | - | - | - |
| % Net Margin | (29.0%) | (14.8%) | (11.3%) | - | - | - |
SumTotal Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | SumTotal Systems, LLC | - | ||||||||
| Add-on, Trade Sale | Completed | SumTotal Systems, LLC | - | ||||||||
| Add-on, Trade Sale | Completed | CyberShift | - | ||||||||
| Add-on, Trade Sale | Completed | Accero Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | GeoLearning, Inc. | - |
Displaying 1 - 5 of 8
SumTotal Systems, LLC - employee data
SumTotal Systems, LLC - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Of Directors | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.