SumTotal Systems among Deloitte's 2008 Tech Fast 500 cos

Hyderabad, Nov 19 (UNI) SumTotal Systems today announced it has been named in 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.

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

In a statement, company's newly-appointed CEO Arun Chandra credited 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.'' ''Each company on Deloitte's Technology Fast 500 is an innovator with an exceptional five-year track record of growth. SumTotal Systems has earned its position among the fastest growing companies in North America, and we are proud to honour this important accomplishment,'' Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications Phil Asmundson said.

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