What can be expected from SumTotal Systems, Inc. (NASDAQ: SUMT)?

SumTotal Systems, Inc. (NASDAQ: SUMT, SUMT message board) recently announced the release of a new version of its software solution, ToolBook. This product allows for the creation of effective eLearning content that can be used by various companies and government agencies.

Sanjay Dholakia, SVP and GM, Learning and Talent Development for SumTotal systems, commented on ToolBook: "Corporate learning is no longer limited to the classroom or even the campus, and for many companies and organizations, the most vital subject matter can change daily. SumTotal's newest version of ToolBook combines the most efficient tools for content creation with the most innovative and comprehensive delivery options to ensure that our customers can engage employees across geographies, time zones and devices."

However, a new product, whatever it is, doesn't necessarily make the company attractive to investors. In this case, unless ToolBook proves to be as good as SumTotal claims, there will only be a minuscule effect on the company's share price caused by this event.

Still, it seems the company is making progress with revenue generation as well as loss reduction. While this is a good thing, there is might be a long way to go before one sees this stock as a potential big winner. But the first steps are already made. And a rather solid balance sheet, SumTotal has, makes it clear the company can sustain their growth in the future. Seems like the only thing it requires to grow is time.