SumTotal Systems has announced that Charles Schwab & Co Inc has purchased SumTotal's LMS 7.1, which is an enterprise platform solution for analysing, storing and delivering learning. | |
| Schwab will use the software, among other things, to instruct 14,000 employees on job skills as well as compliance and regulatory issues, a media statement said. |
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| According to SumTotal, financial organisations use its solution to reduce not only the time it takes to develop a workforce but also the costs associated with learning and development. |
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| 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, the statement added. |
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