Charles Schwab buys SumTotal's product

Hyderabad, Apr 17 (UNI) SumTotal System, a leading provider of learning and business performance technologies and services today announced that Charies Schwab&Co Inc had purchased Sum Total's LMS 7.1, an enterprise platform solution for analysing, storing and delivering learning.

Schwab will use the software, among other things, to instruct 14,000 employees on job skills as well as compliance and regulatory issues, a SumTotal release said here.

''SumTotal will enable us to align training with our corporate strategy and business goals to generate bottom-line results,'' said Mr Chip Luman, Senior Vice President, Shared Services, Compensation and Benefits at Charies Schwab&Co Inc.

According to SumTotal, financial organizations used its solution to not only reduce the time taken to develop workforce but also the costs associated with learning and development.

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