About SumTotal Systems
SumTotal Systems is a company based in Gainesville (United States) founded in 1984 was acquired by Cornerstone in June 2022.. The company has 309 employees as of March 22, 2024. SumTotal Systems has completed 5 acquisitions, including Accero, Cyber Shift and GeoLearning. SumTotal Systems operates in a competitive market with competitors including Gusto, Paycor, Paychex, TriNet and Rippling, among others.
- Headquarter Gainesville, United States
- Employees 309 as on 22 Mar, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Sumtotal Systems India Private Limited
- Date of Incorporation 10 Oct, 2002
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$21.54 M (USD)-7.38as on Mar 31, 2023
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Net Profit
$4.04 M (USD)71.89as on Mar 31, 2023
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EBITDA
$4.21 M (USD)14.57as on Mar 31, 2023
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Latest Funding Round
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Investors
Cornerstone
& 2 more
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Employee Count
309
as on Mar 22, 2024
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Investments & Acquisitions
Accero
& 4 more
- Acquired by
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Software Development Team
134 people
Senior Team
85 people
Sales and Marketing
81 people
Leadership Team
48 people
Customer Team
41 people
Operations Team
22 people
Principal Team
21 people
Human Resources and Administration
21 people
Unlock access to complete
Funding Insights of SumTotal Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SumTotal Systems
SumTotal Systems has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornerstone, Skillsoft and Vista Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location | |
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Cloud-based HRMS platform powered by AI for workforce management.
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Founded Year | Domain | Location | |
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E-learning platforms are provided for professional skills and compliance training.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SumTotal Systems
SumTotal Systems has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Accero, Cyber Shift and GeoLearning. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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HR and payroll management solutions are offered by Accero.
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2008 | ||||
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Provider of Learning management systems
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1997 | ||||
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IT support, consulting, cloud services, and disaster recovery are offered.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SumTotal Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sumtotal Systems Comparisons
Competitors of SumTotal Systems
SumTotal Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Paycor, Paychex, TriNet and Rippling, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management suite is provided for employee operations.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sumtotal Systems
Frequently Asked Questions about SumTotal Systems
When was SumTotal Systems founded?
SumTotal Systems was founded in 1984.
Where is SumTotal Systems located?
SumTotal Systems is headquartered in Gainesville, United States.
How many employees does SumTotal Systems have?
As of Mar 22, 2024, the latest employee count at SumTotal Systems is 309.
What is the annual revenue of SumTotal Systems?
Annual revenue of SumTotal Systems is $21.54M as on Mar 31, 2023.
What does SumTotal Systems do?
SumTotal Systems was founded in 1984 and is headquartered in Gainesville, United States. Integrated human capital management solutions are offered by the company, focusing on employee enablement through on-premise and cloud-based applications. Talent expansion tools are utilized by more than 3,500 organizations worldwide, including AstraZeneca, Amway, and Seagate, with several recognized among Fortunes Best Places to Work. Operations span the HR technology sector, supporting various industries.
Who are the top competitors of SumTotal Systems?
How many acquisitions has SumTotal Systems made?
SumTotal Systems has made 5 acquisitions, including Accero, Cyber Shift, and GeoLearning.
Who are SumTotal Systems's investors?
SumTotal Systems has 3 investors. Key investors include Cornerstone, Skillsoft, and Vista Equity Partners.