SUMTOTAL & MINDSOLVE COMBINE
SumTotal Systems, the largest provider of learning management systems, announced the acquisition of MindSolve Technologies, Inc., a provider of performance management software solutions with blue-chip customers such as Sonoco, Ernst & Young, and CapGemini.
According to Bersin & Associates, “the move shows the number one LMS vendor (is) … serious about performance and talent management.” The deal is buoyed by a performance management market growing at 40% annually.
SumTotal plans to fully integrate MindSolve’s Visual Profiler product into its learning management suite. “A second generation of integration may provide a much more complex and sophisticated (solution) than … currently available,” reported Bersin & Associates. “(It) will have the potential for significant impact and will differentiate SumTotal from other vendors without an integrated product suite,” concluded Bersin.