Saba Software Announces Agreement to Acquire Lumesse, Accelerating Its Global Leadership in Talent Development

Dublin, California and Luton, England (ots/PRNewswire) -

Market leaders join forces to create a talent development
powerhouse; offer unrivaled breadth, depth and scale to customers
worldwide

Saba Software Inc., a global leader in talent development
solutions, and a portfolio company of Vector Capital, today announced
that the Company has entered into a definitive agreement to acquire
Lumesse, a leading provider of talent acquisition, talent management
and learning experience technology in Europe.

The addition of Lumesse to the Saba family brings together iconic
global talent leaders and unparalleled expertise across talent
acquisition, talent development, and talent management to deliver an
unprecedented "best in suite" talent experience to organizations
around the world.

"Today, organizations of all sizes, across the globe are demanding
modern experiences in talent development and talent acquisition for
their businesses and for their employees. To address that demand,
unified HCM solutions have been emerging at a rapid pace, but falling
short on both user experience and depth of capabilities," said Phil
Saunders, President and CEO of Saba. "The addition of Lumesse's
talent technology and expertise will enable us to fill a critical and
unmet market need, extend and accelerate the delivery of a 'best in
suite' talent experience more rapidly across the globe, and create
more value for our customers, faster."

Saba and Lumesse bring 60 years of combined talent management
expertise to serve more than 4,700 customers globally. The
combination of Saba's strength in talent development and Lumesse's
expansive capabilities across talent acquisition, talent management,
mobile learning experiences and content curation is expected to
provide an unmatched talent experience to joint customers, and
accelerate innovation on a global scale.

"Over that past 20 years, we have built Lumesse into a market
leader in talent management and talent acquisition, including talent
acquisition technology and consultancy for the RPO industry," said
Didier Bench, Executive Chairman of Lumesse. "Joining forces with
Saba gives us the opportunity to deliver that expertise to customers
in new ways, in new markets, while working together to innovate even
faster, and make an even bigger impact in the market, and around the
world."

"Saba and Lumesse together remain committed to ensuring the
highest levels of support, product innovation, and value for our
customers," said Karen Williams, EVP Product Strategy and Customer
Success. "Going forward, Saba and Lumesse management teams will work
together to not only provide our global customers with more
innovation, but an enhanced local support and enablement experience
that ensures their success, and helps them deliver even more value to
their organizations."

News Facts

- Saba, a portfolio company of Vector Capital, to acquire Lumesse,
extending Saba's global leadership position in HCM.
- The combination brings together unmatched capabilities in
performance, learning, talent management and talent acquisition.
- The joint entity's increased size and scale, and its extended suite
of talent tools will open up new market opportunities and
accelerate rapid innovation, creating a global powerhouse in talent
management.
- The acquisition will fast-track Saba's European growth strategy
with enhanced local support and expertise, by leveraging Lumesse's
expansive customer base, highly qualified in-region personnel and
regional public and private cloud expertise.
- Lumesse's strength in mobile learning, learning content curation
and bespoke content expertise is an ideal complement to Saba's
powerful learning platform, and its growing success with its
existing content partnerships.
- The transaction, which is subject to customary closing conditions,
is expected to close in the fourth quarter of 2018.

About Saba

At Saba, we know that the success of any business starts with its
people. We also know that people need a different kind of environment
to bring their best to work every day. So we created that environment
- one that's built on strategy, aligned to goals and designed for
humans. An environment where people and teams are in the driver's
seat of their own experience. Where development is part of their day,
every day. And where deep performance insight connects people to
business success. Thousands of customers worldwide, in virtually
every industry, count on Saba to engage their people, connect their
teams, and get the critical insight they need to prove the impact of
talent on business success. For more information, visit
http://www.saba.com.

About Lumesse

Lumesse provides talent solutions to hundreds of organizations in
over 70 countries, enabling them to engage and nurture the best
talent in an ever-changing and demanding global environment. With its
unique and highly adaptable talent solutions, Lumesse's customers are
well prepared to capitalize on the fast evolution of new technologies
and disruptive business conditions, while meeting all business needs
locally and globally. For more information visit
http://www.lumesse.com

About Vector Capital

Vector Capital is a leading global private equity firm
specializing in transformational investments in established
technology businesses. With $4 billion of capital under management,
Vector identifies and pursues these investments in both the private
and public markets. Vector actively partners with management teams to
devise and execute new financial and business strategies that
materially improve the competitive standing of these businesses and
enhance their value for employees, customers, and shareholders. For
more information, visit http://www.vectorcapital.com.

Media Contacts

Connie Costigan

Vice President, Communications

Saba Software

ccostigan@saba.com

+1-613-853-2367

Matt Cockett

SVP Group Solutions and Operations

Lumesse

matt.cockett@lumesse.com

+44-(0)-771-100-6929

ots Originaltext: Saba Software
Im Internet recherchierbar: http://www.presseportal.de

Original-Content von: Saba Software, übermittelt durch news aktuell