Asymetrix
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| Private | |
| Industry | Software |
| Founded | 1985 |
| Headquarters | Gainesville, Florida, USA |
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Key people
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Bill Donoghue, CEO Jeffrey Laborde, CFO |
| Website | www |
SumTotal Systems, Inc. is a software company based in Gainesville, Florida that provides human resource management software and services to private and public sector organizations. The company delivers solutions through multiple cloud-based channels, including Software as a Service (SaaS), Hosted Subscription, and premises-based licensure. The company has regional offices in the US, Canada, Europe, and the Asia-Pacific region.
In September 2014, SumTotal was acquired by SkillSoft, a provider of online learning to corporate training organizations.
The company now called SumTotal Systems originated in the 2003 merger of Click2learn (Asymetrix) and Docent Software.
Asymetrix Learning Systems, based in Bellevue, Washington, was founded in 1984 by Paul Allen and funded through his Vulcan Ventures. Asymetrix then spent around ten years developing software for online education. Among the first products from this development period was ToolBook. Other titles included Asymetrix Librarian and the e-Learning Network - an early software as a service product. Additionally, an early three-dimensional rendering system Asymetrix 3D F/X was released in 1994 and later renamed Web3d. Asymetrix also produced a variety of screen savers for a short period, and developed Compel (a graphical presentation and prototyping program).
The company was recapitalized in 1995 with more funding from Allen. In October 1996, SoftBank invested about $3.8 million in Asymetrix. In September 1997, Asymetrix acquired Aimtech for about $3.1M in stock. In October 1996, the company spun off its client/server tools into a newly created wholly owned subsidiary, ASX Corporation, which was renamed ConQuer Data, Inc. It was later renamed Infomodelers, which was then sold to Allen. Further acquisitions followed. In September 1997 Asymetrix acquired Oakes Interactive Incorporated, Acorn Associates Incorporated and TopShelf Multimedia for approximately $2.1 million. In the first half of 1998 it acquired New York-based Meliora Systems and Illinois-based Strategic Systems Associates. In 1998 Asymetrix went public. The June initial public offering (IPO) raised approximately $31 million. After the IPO, Allen controlled about 45% of the shares. Asymetrix was listed on the Nasdaq exchange with the ticker symbol ASYM, with a lukewarm market reception. In September 1999 Asymetrix issued $10 million in preferred stock to Vulcan and Marshall Capital.
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