[March 30, 2004] Bank of Tokyo-Mitsubishi Deploys Saba Enterprise Learning to Improve Employee Performance and Increase Revenue; Japan's Premier Bank Selected Saba to Increase Effectiveness and Efficiency REDWOOD SHORES, Calif. --(Business Wire)-- March 30, 2004 -- Saba (Nasdaq:SABA), the leading provider of human capital development and management (HCDM) solutions, today announced that Bank of Tokyo Mitsubishi (BTM) has implemented Saba Enterprise Learning on a global scale. Saba Enterprise Learning is used to manage learning for the bank's 20,000 worldwide employees. The Japanese banking industry has faced numerous challenges over the last few years. The reorganization of banks and growth in new areas of business are dramatically changing the market. Japanese banks have a strong interest in developing new financial products, strengthening their sales capabilities and creating new sales promotion strategies. While many Japanese banks are still undergoing a restructuring process, BTM has completed this transformation and views its Saba implementation as a strategic move aimed at improving employee productivity. Bank of Tokyo Mitsubishi provides a comprehensive suite of training courses and training solutions to its 20,000 employees worldwide through its innovative and unique web-based learning site named Open. The Saba solution will provide Bank of Tokyo Mitsubishi with a unified view of profiles, competencies, content, history and planning data to develop and effectively deploy human capital across the enterprise. By working with Saba, Bank of Tokyo Mitsubishi expects to significantly reduce operating costs for employee learning and development, while broadening the scope for training by reducing the traditional reliance on classroom-based learning. By eliminating geographical constraints and giving employees easy access to web-based learning whenever and wherever they wish, flexibility will be greatly improved. The evaluation process by Bank of Tokyo Mitsubishi concluded that the solution offered by Saba best matched its requirements. Saba's expertise in human capital development and management solutions and its focus on building and supporting learning infrastructure fully complements BTM's vision for the future management of learning. BTM also determined that the Saba platform is open and flexible enough to support changes occurring in the bank's learning environment. The rapidly changing needs of the Japanese financial services market are driving market-leading companies to introduce innovative new products and services and to insure that their employees understand and can effectively sell these offerings, said Bobby Yazdani, Saba's Chairman and CEO. We are pleased to be able to support the training and development needs of market leaders such as Bank of Tokyo-Mitsubishi. About The Bank of Tokyo-Mitsubishi, Ltd. BTM is Japan's premier bank. Through its Group, it offers an extensive scope of commercial, investment, and trust banking products and services to businesses, governments, and individuals worldwide. BTM's domestic network comprises more than 300 branches, sub-branches, and agencies. Its overseas operations consist of approximately 400 facilities located in all the major financial and commercial centers of the world. About Saba Saba (Nasdaq:SABA) is a leading provider of human capital development and management (HCDM) solutions, which increase organizational performance through the implementation of a management system for aligning, developing, and managing people. Saba has received industry recognition for its solutions, and recently achieved the leader quadrant position in the Gartner 2003 e-Learning Suite Magic Quadrant. Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owners. [ Back To TMCnet.com's Homepage ]