Most Users in the Cloud, SuccessFactors Completes Acquisition of Plateau…from SuccessFactors

June 30, 2011

 

Combining two clear market leaders to create the broadest SaaS HCM suite, with the largest R&D budget and go-to-market force in our market

HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Matt Lafata and Tiffany Appleby from HRchitect attended and sponsored the SuccessConnect event in San Francisco in May 2011.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in business execution software, announced that it has completed the acquisition of Plateau Systems, the leading learning management system (LMS) and Content-as-a-Service (CaaS) provider. Watch this video to learn more: http://www.youtube.com/watch?v=fFS_vFedfjA

“We have seen tremendous, four times bigger than expected, immediate deal interest from existing and new customers since we announced the acquisition, reinforcing our belief that this combination is an important tipping point for the industry, and will drive great growth for SuccessFactors. Since the announcement, large Plateau customers have invited us to meet with them from the West Coast of the US to Northern Europe because they were impressed with our combined scale, exclusive cloud-offering, and passionate, experienced team,” said Lars Dalgaard, founder and CEO, SuccessFactors.

“Now that Plateau and SuccessFactors are officially one, and what we believe to be the strongest cloud-HCM company, with what we believe is the largest R&D investment, the biggest cloud-operations, infrastructure, support, service and go-to-market force, our whole combined organization is ecstatic to accelerate delivery of products to our customers. Plateau’s people are such pros, we are grateful to be together, leading this combined once-in-a-lifetime platform, into one of the biggest remaining application markets, to accelerate the thrust to love work again, and to execute better on business strategies, through people,” Dalgaard continued.

Through its acquisitions and speed of innovation over the past 12 months, SuccessFactors has continued to build on its core Business Execution (BizX) solutions to revolutionize the market. Combining Plateau with SuccessFactors makes the company the only SaaS provider to offer a robust suite of recruiting, on-boarding, performance management, compensation, variable pay, 360 review, content-as-a-service, core HR as the employee system of record and foundation, workforce analytics and reporting, collaboration, and now with Jambok, and Plateau, formal, informal and social learning. This is a merger of two companies that are experts in serving large enterprise customers. From initial estimates, SuccessFactors and Plateau have combined subscription seats of approximately 15 million in the cloud, the most in our industry.

SuccessFactors Sets a New Standard in Learning

SuccessFactors Learning (formerly Plateau’s LMS) is a core part of SuccessFactors’ Business Execution (BizX) Suite, and it provides comprehensive learning solutions that uniquely combine formal and informal practices. SuccessFactors now delivers an unmatched set of formal, informal, social, collaboration, mobile, content management and analytics capabilities in the cloud to help business leaders advance the workforce by improving employee skills, ensuring compliance and aligning organizational objectives.

SuccessFactors Learning combines best-in-class LMS with: 

  • Social Learning and Collaboration – SuccessFactors Social Learning brings a Facebook- and YouTube-like experience to corporate learning, making it easy for anyone in the organization to share their expertise, connect with communities, and quickly find the information they need to get things done.
  • Content-as-a-Service – SuccessFactors iContent uniquely provides content distribution and management in the cloud as a service, taking the headache and hassle out of managing digital learning assets, from online courseware to on-demand presentations and video, and provide learners with reliable, high-quality on-demand access to both off-the-shelf and custom content.
  • Authoritative Insight – Comprehensive reporting and analytics gives HR and learning leaders authoritative insight about the state of their talent and talent development initiatives.

“I truly believe that we’re witnessing one of the most important changes in the HCM industry right now as Plateau is joining SuccessFactors,” said Paul Sparta, founder and CEO of Plateau Systems. “Never before have customers had the opportunity to completely integrate learning with talent management, recruiting and core HR, all in the cloud. I’m excited to be a part of this movement.”

SuccessFactors is a Leader in Gartner’s Magic Quadrant for Employee Performance Management, while Plateau is a Leader in Gartner’s Magic Quadrant for Corporate Learning Systems. Plateau is also the clear Learning Leader in the recent Forrester Wave for Integrated Talent Management.

For more information on SuccessFactors, please visit www.successfactors.com

 
Matt Lafata, HRchitect

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SuccessFactors Announces 52 Percent Revenue Growth In First Quarter Fiscal 2011…from SuccessFactors

May 1, 2011

 

– Q1 FY11 Non-GAAP revenue grows to a record $68.0 million, up 52 percent year-over-year.
– Q1 FY11 billings grows to $62.7 million, up 31 percent year-over-year.
– Raises Fiscal 2011 revenue guidance.
– Announces definitive agreement to acquire Plateau Systems Ltd., a leading learning management system (LMS), a Next Generation Portal technology, and CaaS – Content as a Service. Adds core LMS functionality to the existing social learning capabilities from recently acquired Jambok, and significantly enhances the SuccessFactors Business Execution (BizX) software suite.

HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. HRchitect is proud to sponsor the 2011 SuccessConnect event in San Francisco.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SuccessFactors, Inc. (NASDAQ: SFSF) recently announced results for its first quarter fiscal 2011 which ended March 31, 2011.

“Despite very strong compares, SuccessFactors delivered strong growth in Q1, while hiring aggressively for future growth and customer investment,” said Lars Dalgaard, founder and CEO of SuccessFactors. “SuccessFactors leads the very large market that we created in BizX cloud-computing. We continue to win market share while simultaneously expanding our total available market through new innovations and acquisitions. By acquiring Plateau Systems Ltd., which was eagerly requested by our sales reps and many customers, we will add learning to SuccessFactors’ scalable and secure platform and further expand our total available market. Plateau Systems Ltd. brings us a spectacular group of enterprise customers with one of the highest renewal rates in the industry at approximately 99%. By combining Plateau’s products with our Jambok social mobile video learning acquisition, we will be able to provide customers a truly unique offering, further solidifying SuccessFactors’ position as an innovator.”

Results for the First Quarter Fiscal 2011:

  • Q1 FY11 Non-GAAP Revenue: For the quarter ended March 31, 2011, non-GAAP revenue was $68.0 million, compared to the company’s prior guidance of $62.5 million to $63.5 million, and compared to $44.7 million in the quarter ended March 31, 2010, an increase of approximately 52 percent year-over-year and an increase of 10 percent sequentially from Q410.
  • Q1 FY11 Non-GAAP Operating Income: For the quarter ended March 31, 2011, the Company recognized non-GAAP operating income of $0.5 million and GAAP operating income from operations of $0.8 million. The non-GAAP operating income excludes $11.0 million in stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs and a gain of approximately $11.7 million revaluation of contingent consideration for the quarter ended March 31, 2011.
  • Q1 FY11 Total Deferred Revenue: Total deferred revenue as of March 31, 2011 was $229.6 million, compared to $234.4 million at December 31, 2010 and up approximately 24 percent year-over-year from $184.9 million at March 31, 2010.
  • Q1 FY11 Cash Flow Generated from Operations: For the quarter ended March 31, 2011, cash flow generated from operating activities was $10.4 million, compared to $13.1 million in the quarter ended March 31, 2010.
  • Q1 FY11 Net Income per Common Share: For the quarter ended March 31, 2011, on a GAAP basis, net income per common share basic and diluted were $0.04 and $0.03, respectively. On a non-GAAP basis, net income per common share, basic and diluted, was $0.01. Non-GAAP net income per common share, both basic and diluted, excludes $11.0 million in stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs, approximately $11.7 million revaluation gain of contingent consideration related to business combinations, $0.5 million unrealized foreign exchange gain on an intercompany acquisition loan related to Inform, and approximately $1.2 million tax benefit related to Jambok. This compares to non-GAAP net income per common share of $0.00 in the fourth quarter of 2010 which excluded approximately $9.1 million of stock-based compensation expense, amortization of intangibles, future cash consideration of acquisitions and deal related costs, a $4.8 million revaluation gain of contingent consideration related to business combinations and $1.5 million unrealized foreign exchange gain on an intercompany acquisition loan related to Inform, and non-GAAP net income per common share of $0.02 in the first quarter of 2010 which excluded approximately $5.0 million of stock-based compensation. For the first quarter of 2011, GAAP net income per common share calculation assumed a weighted average share count of approximately 77.5 million for basic and 83.0 million for diluted. For the fourth quarter of 2010, GAAP net loss per common share calculation assumed a weighted average share count of approximately 76.4 million. For the first quarter of 2010, GAAP net loss per common share calculation assumed average weighted share count of approximately 72.0 million.

Plateau Systems Ltd. Acquisition:

Today, SuccessFactors announced it has entered into a definitive agreement to acquire Plateau Systems Ltd. the leading learning management system (LMS), a Next Generation Portal technology, and CaaS- Content as a Service. This acquisition forms a symbiotic combination with SuccessFactors’ acquisition of social video mobile learning provider Jambok.

Customers will now have the ability to further increase employee development and business execution by implementing a comprehensive social and traditional learning strategy that includes evangelizing internal experts, utilizing easy-to-use video creation and sharing tools, as well as managing, developing, and deploying online, instructor-led, and self-study training.

Under the terms of the acquisition agreement, SuccessFactors will pay $145 million in cash plus $145 million in stock, of which $15 million is for employee stock options and RSUs, for Plateau Systems Ltd.. The acquisition is subject to various closing conditions, including filings under the Hart-Scott-Rodino Antitrust Improvements Act and the issuance of a permit from the California Department of Corporations, and is currently expected to close during summer 2011.

Guidance:

SuccessFactors is initiating guidance for its second quarter fiscal 2011 and updating its outlook for the full fiscal year 2011, as of April 26, 2011. 

  • Q2 FY11: Non-GAAP revenue for the company’s second fiscal quarter is projected to be in the range of approximately $69.0 million to $70.0 million. Note that non-GAAP revenue includes the effect of deferred revenue from acquired companies that is required to be written down for GAAP purposes under purchase accounting rules. Non-GAAP net income per common share, basic and diluted, is expected to be breakeven. This guidance does not take into account the proposed acquisition of Plateau Systems Ltd. Non-GAAP net income per common share estimates exclude the effects of estimated stock-based compensation expense, amortization of intangible assets, future cash consideration of acquisitions, deal related costs and revaluation of contingent consideration related to business combinations and any unrealized foreign exchange gains/losses on an intercompany acquisition loan and assumes average weighted basic and diluted share counts of approximately 78.6 million shares and 85.4 million shares, respectively.
  • Full Year 2011: Non-GAAP revenue for the company’s full fiscal 2011 is now expected to be in the approximate range of $275 million to $280 million, which is an increase of approximately 30 percent when compared to fiscal 2010. The company expects non-GAAP net income per common share for fiscal 2011 to be approximately breakeven. This guidance does not take into account the proposed acquisition of Plateau Systems Ltd. Non-GAAP net income per common share estimates exclude the effects of estimated stock-based compensation expense, amortization of intangible assets, future cash consideration of acquisitions, deal related costs and revaluation of contingent consideration related to business combinations and any unrealized foreign exchange gains/losses on an intercompany acquisition loan and assumes average weighted basic and diluted share counts of approximately 79.3 million shares and 85.7 million shares, respectively.

For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect

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SuccessFactors to Acquire Enterprise Learning Leader Solidifies Position as the HCM cloud-based SaaS Market Leader…from SuccessFactors

April 26, 2011

 

Acquisition fills an urgent need requested by SuccessFactors customers

HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. HRchitect is proud to sponsor the 2011 SuccessConnect event in San Francisco.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in business execution cloud-based SaaS software, has entered into a definitive agreement to acquire Plateau, the leading learning management system (LMS), a Next Generation Portal technology, and CaaS- Content as a Service. This acquisition forms a symbiotic combination with SuccessFactors’ acquisition of social video mobile learning provider Jambok.

Customers will now have the ability to further increase employee development and business execution by implementing a comprehensive social and traditional learning strategy that includes evangelizing internal experts, utilizing easy-to-use video creation and sharing tools, as well as managing, developing, and deploying online, instructor-led and self-study training. 

“I first met Paul Sparta, CEO of Plateau, 8 years ago, and what struck me, and has stayed with me, more so than any founder or CEO whom I have met in our industry, was how seriously and incredibly committed he was to two key drivers: 1) his customers’ success through superior product and domain expertise; and 2) building a financially strong and profitable business,” said Lars Dalgaard, founder and CEO of SuccessFactors. “With more than 15 million combined users, and the biggest R&D budget and largest domain expertise, in the HCM cloud-based SaaS industry, we can compete more effectively with some of the incumbent HCM vendors’ total suite, and continue to surprise and excite customers with the next decade of innovations.”

“Plateau will accelerate SuccessFactors’ strategy markedly. SuccessFactors’ game-plan’s four key drivers will all be strengthened substantially: 1) customers achieving better results through the SuccessFactors suite, expertise and commitment; 2) building for great cash profitability; 3) continuing to build towards one of the SaaS cloud-based HCM industry’s strongest global customer and sales field force; and 4) offering a leading comprehensive suite of relevant and proven Business Execution applications. Like SuccessFactors, Plateau has had success with the biggest and most complex customers, including Plateau’s long time customer General Electric, and this makes Plateau the best choice for SuccessFactors, and we believe an excellent choice for customers, and prospects,” Dalgaard continued.

“SuccessFactors approaches integrated talent management in an innovative way that really impacts our business,” said Carol Anderson Chief Learning Officer at Marriott International, Inc.   “With the additions of Plateau’s LMS and Jambok’s social learning technology, SuccessFactors is clearly changing the market and offering a unique advantage to its customers.”

“Plateau has a long history of delivering innovation and has consistently been recognized in the top 1 or 2 position as a leader in LMS from analysts during the last couple of years, including Forrester, Gartner, IDC and Bersin & Associates.  Plateau is also recognized for its industry-leading levels of customer satisfaction, and what made an acquisition of this size possible is that Plateau’s renewal rates are at approximately 99 percent. We have been overwhelmed by the number of customers globally who have requested LMS, specifically on SuccessFactors’ enterprise platform. We estimate 80 percent of our sales force has active opportunities, and customers have specifically identified having Plateau’s industry-leading LMS on SuccessFactors’ platform as particularly desirable, which has helped to reduce the financial risk,” Dalgaard continued.

“Plateau has been recognized for its traction in SaaS, and technologically.  SuccessFactors and Plateau are more alike than any other platforms. We think the fact that Plateau, like SuccessFactors, is built using Enterprise Java, J2EE, also reduces the execution risk and thus, helped make the case for this acquisition a lot more compelling. Since J2EE is delivered with a focus on interoperability, portability and true enterprise class scalability, both teams anticipate a cleaner and smoother code assimilation. SuccessFactors has set achievable, yet aggressive, timeframes to fully integrate Plateau’s LMS solution,” said Aaron Au, co-founder and CTO of SuccessFactors.

“Plateau has many great team-members who are excited to join forces with us to deliver a robust HCM SaaS offering to companies everywhere,” Dalgaard continued. “Their track record, customers, team members, recognition, recurring revenue stream, existing demand and real pipeline, and extraordinary smorgasbord of innovation were enough to do the acquisition. Add Plateau’s strong presence in the Federal business, and the pharmaceutical industry, the excitement and strength of the Plateau team and its new “Flex” UI that both companies see as innovative to the industry, and the acquisition became a lot more valuable.”

“Plateau’s solutions are designed to help companies improve organizations’ operations across the board by providing employees, executives, and the extended enterprise clear visibility and access to the information and learning needed to perform effectively.  In practice this includes managing learning, compliance, goals, positions, compensation and many other aspects of an organization,” said Paul Sparta, chairman and CEO, Plateau.  “Plateau’s strategy fits hand-in-glove with the broad strategy of SuccessFactors’ Business Execution.  Where SuccessFactors and Plateau have common approaches to many parts of the HCM lifecycle historically, we are now positioned exceptionally well to quickly unify what is common and more heavily invest in the kinds of innovation the market has yet to see in HCM.”

“In short, I am personally relishing the opportunity to work with some of the great minds that SuccessFactors has now assembled.  I very much look forward to sharing it with the world in the coming months,” Sparta continued.

Through its acquisitions over the past year, SuccessFactors has continued to build on its core BizX solution and revolutionize the market. This acquisition extends the company’s leadership by enhancing its current career and development planning offerings, integrating the entire employee lifecycle experience, as well as positioning the company as the leader in the HCM cloud-based SaaS market. Based on initial estimates, the combined companies will have more than 15 million users.

“Learning and development is an integral part of the entire employee lifecycle starting with the on-boarding process and how quickly new employees can be productive,” said Karie Willyerd, vice president of learning and social adoption, SuccessFactors, and founder and CEO of Jambok. “Historically the primary role of a learning management system was to reduce the cost of training and training administration, improve compliance, provide a platform to improve employee skills and time to competency, and to standardize processes and content.  At SuccessFactors, we are moving beyond these ‘core’ drivers of learning to now address business performance and aligning business goals and skill requirements with learning and development, using cutting-edge SaaS technologies.”

Plateau brings more than 350 customers to SuccessFactors. After the deal closes, Plateau’s SaaS based LMS will be integrated directly into SuccessFactors’ BizX suite providing deeper opportunities for companies to bridge the execution gap by more effectively on-boarding, training, certifying, and linking learning to overall performance, goals, and employee engagement.

“This is, in my opinion, a merger of true leaders. SuccessFactors and Plateau are both thought leaders, product leaders and service leaders,” says Lisa Rowan, program director, HR, Talent, and Learning Strategies for IDC. “Plateau emerged as a leader this year in IDC’s annual MarketScape on Integrated Talent Management joining SuccessFactors there. A big part of Plateau’s ascension is the satisfaction of the Plateau client base. “

“In today’s fast-paced business environment, organizations need to rapidly integrate their systems for employee hiring, management, and development into a strategic process,” said Josh Bersin, President and CEO of Bersin & Associates, a leading analyst firm in corporate learning and human resources.  “SuccessFactors’ acquisition of Plateau brings together the market share leader in talent management with one of the market leaders in learning management to create a global powerhouse in end-to-end talent management software.”

Under the terms of the acquisition agreement, SuccessFactors will pay $145 million in cash plus $145 million in stock, approximately $15 million is for employee stock options and RSUs, for Plateau. The acquisition is subject to various closing conditions, including filings under the Hart-Scott-Rodino Antitrust Improvements Act and the issuance of a permit from the California Department of Corporations, and is currently expected to close during summer 2011.

 For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect

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3.0 Social Learning, Video Mobile Platform Acquisition by SuccessFactors…from SuccessFactors

March 14, 2011

 

Jambok acquisition will add mobile video creation and sharing technology to accelerate the future of corporate social learning and the smarter workplace

HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SuccessFactors, Inc. (Nasdaq: SFSF) has entered into a definitive agreement to acquire Jambok (http://www.jambok.com), the SaaS social learning company that draws on the consumer world’s popular web 2.0 tools like YouTube and Facebook, to offer even easier next generation on-the-fly mobile video creation, sharing, discovery and social networking that enables informal social learning within the workforce.

“We think Jambok has superior next gen mobile video and social learning technology. Jambok has surprisingly great growth and customers like NIKE, Mitsubishi, and Reuters. We love the team; Karie is a visionary learning practitioner and published bestselling domain thought leader, and Charles and the engineering team from Russia are exceptional,” said Lars Dalgaard, CEO and founder of SuccessFactors. “We all know 80 percent of learning happens on the job, Jambok-SuccessFactors allows any employee to immediately capture and accelerate that business execution opportunity, in a mobile social learning video. I personally found it easier than YouTube, and with the Social Learning platform it feels like a killer app for businesses to accelerate learning content and dissemination. SuccessFactors has found customers want to buy traditional integrated learning but delivered as part of SuccessFactors’ BizX Cloud Suite, and the Jambok technology will form a customer proven fresh Social Learning compliment to differentiate learning management in the BizX Suite.

“By solving a much larger comprehensive opportunity of making employees productive, not only on regulatory compliance, we intend to grow our expanding learning offerings faster than the market,” Dalgaard continued.

“At NIKE most of our learning happens on the job, in real-time and from the subject matter experts, not from canned videos and training alone,” said Joe Campbell, director of talent development & global design and delivery solutions, NIKE. “Jambok allows our team members, regardless of their technological capabilities, to complete screen captures, create videos, upload and share easily with the team, accelerating learning and helping to create a smarter workforce. This is the future of corporate learning and we’re ahead of the curve with Jambok.”

Although companies based in the U.S. alone spend more than $100B per year on training, the ability to tap into the informal learning that happens on the job is limited, and the power of user-generated content remains untapped. With this acquisition, SuccessFactors makes a significant step forward in defining the next generation of results-oriented learning for organizations.

This acquisition will extend SuccessFactors’ leadership in Business Execution software with strong new social video creation and sharing tools that will be integrated into the company’s current social collaboration offering as well as other areas of the Business Execution (BizX) Suite, including social recruiting. Through its acquisitions over the past year, SuccessFactors has continued to build on its core BizX solution to help its customers’ workforce be more productive and to execute effectively against company strategy.

Adding Jambok technology to the BizX suite will offer customers: 

  • Content Creation & Sharing: Simple and easy tools to share existing multimedia files, documents, videos and/or audio content through a webcam, as well as capture narrated screen casts. Instantly publish with one-click to the community using a web browser on your computer or mobile device.
  • User-centric Social Capabilities: Powerful features including user-generated ratings of content, user-assigned taxonomy applied to content, user-based feedback on content, granular content sorting capabilities and content filtering.
  • Community-based Approach: Flexible and secure targeting of content for specific groups of users based on topic, interest or projects.

The Jambok team will join SuccessFactors, including Dr. Karie Willyerd, CEO of Jambok, who will join as vice president of learning and social adoption. Willyerd is an industry veteran and the former chief learning officer for Sun Microsystems, where she led a team that won more than 30 awards from 2008 through 2010, including the ASTD No. 1 training department in the world. She is also the co-author of The 2020 Workplace: How Innovative Companies Attract, Develop, and Keep Tomorrow’s Employees Today (http://www.amazon.com/2020-Workplace-Innovative-Companies-Tomorrows/dp/0061763276/ref=sr_1_1?ie=UTF8&s=books&qid=1300079826&sr=1-1).

“The Jambok team is extremely passionate about our social learning solutions. Our customers have seen early success in accelerating the learning curve by allowing their employees to generate and share content with each other. Jambok makes it simple and easy to post video, audio, bookmarks, photos, as well as screen capture their desktops in order to share knowledge within the organization,” said Dr. Karie Willyerd, CEO of Jambok. “Joining the SuccessFactors family will give us the momentum and network needed to continue to grow, expand and instantly reach additional customers with our solution.”

The acquisition is expected to close by Tuesday, March 15, 2011.

For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect

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