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NEWS - Saba Software Announces Agreement to Acquire Halogen Software

February 23, 2017 – Redwood Shores, CA and Ottawa, ON – Saba Software Inc., a global leader in cloud-based talent management solutions, and Halogen Software Inc. (TSX:HGN), a leading provider of cloud-based performance management solutions, today announced that Saba, Vector Capital and its affiliates, and Halogen’s co-founder Michael Slaunwhite, Executive Chairman and largest shareholder, have entered into a definitive agreement to acquire Halogen.

The combination of Saba and Halogen, expected to close in the second quarter of 2017, will extend Saba’s position as a leading provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide, and together, increase value to the customers they serve with the strength, size and scale to deliver rapid innovations in talent management.

The combination of these two market leaders is expected to bring together learning and performance in a way not yet realized in the market.

In combination with Saba’s robust learning, social and engagement capabilities, Halogen’s solutions and expertise in performance management will allow Saba to further accelerate talent innovation. Their combined solutions will enable organizations around the world to transform the employee experience and embrace new workplace dynamics through best-in-market innovations in learning, engagement, and performance. Saba and Halogen together expect to drive enhanced capabilities for their customers with real-time, always-on employee engagement, development, collaboration, coaching, and feedback.

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