Last $9.64 USD
Change Today -0.01 / -0.10%
Volume 146.0K
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As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

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08/25/14 - $14.50
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saba software inc (SABA) Details

Saba Software, Inc. provides cloud-based intelligent talent management solution for organizations to hire, develop, engage, and inspire people worldwide. It offers a set of people cloud applications, including recruiting, enterprise learning, talent management, and collaboration solutions to mobilize and engage people around new strategies and initiatives; align and connect people to the flow of business; and cultivate, capture, and share individual and collective knowhow. Its customer base includes organizations in financial services, life sciences and healthcare, high tech, automotive and manufacturing, retail, energy and utilities, and packaged goods sectors, as well as public sector organizations. The company was founded in 1997 and is headquartered in Redwood Shores, California.

735 Employees
Last Reported Date: 08/5/11
Founded in 1997

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saba software inc (SABA) Key Developments

Saba Announces the Availability of its Saba Cloud 2015 Winter Release

Saba announced the availability of its Saba Cloud 2015 Winter Release, focused on enabling managers and HR teams to better identify, engage and retain their top talent. With nearly half (47%) of those employed in their current jobs for less than five years, businesses need to shift their focus from keeping their best performers as long as possible to more fully engaging them in the shorter term. The Saba Cloud Winter Release leverages the powerful predictive analytics in its platform to deliver insights at every stage of employment from recruiting and performance management, to compensation and succession planning. Now, companies can more proactively nurture and build employee commitment on a continuous basis to retain and engage high performers versus waiting for annual performance reviews, or worse - trying to respond quickly when a top employee unexpectedly resigns. Key highlights of Saba Cloud 2015 Winter Release include: Succession@Work: New Career Path capabilities empower employee growth and self-development. Users can chart a specific path, or explore multiple "What if?" career scenarios before activating a plan with their manager or mentor. Leveraging Saba Cloud's predictive analytics, Succession@Work will highlight the experience and competencies required for each path based on existing job criteria and prescribe a path to get there, including learning, goals, and skills to be added to the employee's plan. Compensation@Work: Intelligent and proactive compensation recommendations improve retention and reduce costs. Now, companies can proactively identify at risk employees all year long. Compensation@Work provides this data in the compensation budget planning process including employee-specific recommendations to improve retention and the hard data needed to justify individual investments. This proactive process helps businesses identify funds and allocate them to the appropriate managers in advance. Recruiting@Work: Fine-tuned recommendations for the right hires, better candidate pools and smarter internal mobility. Saba's Recruiting@Work scans internal employees, alumni, and external candidates to provide recommendations on the most qualified candidates, and gets smarter by analyzing which candidates recruiters and hiring managers accept or reject. And now, users can "fine tune" Saba's recommendations logic at any time by adjusting the signals they find most valuable, as well as by indicating which attributes of a candidate most directly contribute to selection or rejection. Performance@Work: Simplified goal management facilitates continuous review and discussion, fostering growth. Goal creation, alignment, and navigation now enable macro-level views across not just goals, but how those align across teams and managers, fostering transparency and focus on what matters. In addition, users can now add notes and comments alongside goal progress updates to facilitate continuous dialogue and coaching around the best ways to achieve them. Saba Mobile: Intelligent recommendations and broader control across devices. Saba Cloud now enables intelligent recommendations on content, connections, and training across devices. In addition, managers have broader control from mobile to approve job requisitions and offers, and review the status of actionable items of direct reports, making recruiting and performance management processes more efficient. All of these capabilities are available, and can be purchased as part of Saba Cloud.

Clyde & Co to Use Saba Cloud to Manage the Learning Needs of its Employees Globally

Saba announced that Clyde & Co will be using Saba Cloud to manage the learning needs of its employees globally. Saba Cloud is an intelligent talent management solution that focuses on the continuous learning, engagement and development of everyone in the network. The firm intends to use Saba Cloud to standardise and modernise training delivery for its 1,500 lawyers across 40 international offices. The initiative will support the rapid growth of the company, which has more than doubled in size over the last 10 years to become a prominent international law firm.

Saba Software Considering Mulls Strategic Options

Saba Software, Inc. (OTCPK:SABA) said, “Following discussions with a number of strategic and financial parties, Saba has received multiple non-binding indications of interest regarding a potential acquisition of the Company. The Company intends to continue to work with its financial advisor, Morgan Stanley & Co. LLC, and its legal advisors to consider and evaluate the acquisition proposals and other potential opportunities in comparison to the Company's plan to continue operation as a standalone business. The indications of interest being considered by the Company provide for a purchase price per share in excess of the current quoted price for the Company's common stock. Although the Company has not established a definitive timeline to complete its strategic review process and no decision has been reached at this time regarding a specific counterparty, the Company anticipates being in a position to enter into a definitive agreement prior to February 15, 2015 if the Board of Directors determines to pursue a sale transaction.”


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