Saba Software Completes Acquisition of Lumesse

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

New talent management powerhouse to deliver transformative
expertise across every stage of the people experience

Saba Software Inc. (https://www.saba.com/), a global leader in
talent development solutions, and a portfolio company of Vector
Capital, announced it has closed its acquisition of Lumesse, a
leading provider of talent acquisition, talent management and
learning experience technology in Europe.

The combination of two iconic leaders creates a talent management
software powerhouse with a vision for a new talent environment - one
that creates an exceptional experience for people across every stage
of their development experience, and delivers remarkable performance
outcomes for their organizations. Now one of the largest independent
talent management solutions providers, with close to $300M US in
revenue and strong profitability to serve its long-term growth
initiatives, Saba further deepens its pedigree in talent leadership,
with 60 years of combined industry experience across 1,400 employees
in 17 countries, serving more than 4,000 customers globally.

"This is a big day for Saba, our industry and more importantly,
for our customers around the world," said Phil Saunders, President
and CEO, Saba. "Our acquisition strategy is aimed at becoming a
transformative leader in talent management. With Lumesse, we are
rapidly expanding Saba's talent IP and building a global talent pool
of professionals solely focused on the needs of HR leaders. Our
combined team has deep expertise and local know-to to deliver
outstanding value and results for our customers."

The combination amplifies Saba's expertise and accelerates its
innovation across all areas of the talent lifecycle:

- Long known for its expertise in learning and performance, the
acquisition of Lumesse gives Saba differentiated strength in talent
acquisition with the leading recruiting platform in EMEA, including
added specialization to meet the needs of recruitment process
outsourcing (RPO)
- Saba will further bolster advances in modern learning with
Lumesse's learning experience capabilities, extensive multi-source
content library and partnerships, and bespoke content creation
expertise
- Saba's "connect to anything" platform philosophy and robust APIs
will enable talent leaders to leverage best-in-suite capabilities
from Saba solutions, while seamlessly integrating with an even
broader ecosystem of HR and business applications

"Saba is transforming into a 'best-in-suite' talent management
provider, proving there is exponential value in having the combined
expertise of market leaders under one roof," said Michael Rochelle
Chief Strategy Officer, Brandon Hall Group. "Bringing Lumesse's
capabilities to the Saba customer base will provide additional state
of the art innovation to an already exciting portfolio of talent
development solutions offered by Saba."

As one company, Saba also bolsters its international depth,
expertise, size and scale with:

- An expansive SaaS infrastructure and technology purpose-built for
international markets, with the ability to meet complex global and
regional security and compliance requirements
- In-region experts with deep local understanding in the largest
markets around the world
- An extensive customer base that includes some of the world's most
iconic brands, and accelerated penetration capabilities in the
fastest growing international markets

"Lumesse is a core leader in integrated talent maagement with a
very strong footprint and reputation in EMEA. The acquisition by Saba
is a really significant event within the EMEA market and fast-tracks
its broader international strategy," said David Wilson, CEO of Fosway
Group, Europe's Leading HR Industry Analyst. "Depth and breadth of
expertise is very important for talent management providers as well
as good fit to business context. Our research shows organisations
that connect their talent lifecycles with the business see
transformational results - both for the company, and for the
strategic value of HR as a business partner."

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 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; Heather
McCulligh, Public Relations Manager, Saba Software,
hmcculligh@saba.com , +1-613-292-9252

ots Originaltext: Saba Software
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