Source: SumTotal Systems
SumTotal Systems (Nasdaq: SUMT), the largest provider of learning and business performance technologies and services, announced that JPMorganChase & Co. (NYSE: JPM) has deployed SumTotal's Pathlore LMS 6.5, which is an enterprise platform solution for analysing, storing and delivering learning.
JPMorganChase will use the software, among other things, to instruct 170,000 employees in 20 countries on job skills as well as compliance and regulatory issues.
"Prior to SumTotal's acquisition of Pathlore last October, we purchased Pathlore LMS 6.5 to manage our enterprise learning," said Judy Albers, first vice president Learning Technologies at JPMorganChase. "In December 2005, our system went live, and we look forward to working with the expanded SumTotal team."
According to SumTotal, financial organizations use its solution to reduce not only the time it takes to develop a workforce but also the costs associated with learning and development. SumTotal says its products also simplify regulatory compliance audits. Financial institutions have also tapped SumTotal's technology to streamline the delivery of strategic messages linked to mergers and acquisitions, corporate restructurings, new products and services.