SAN MATEO, Calif., June 29, 2011 /PRNewswire/ -- Today,
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.
Financial Impact
The Plateau Systems Ltd. acquisition, excluding transaction
costs, is expected to be immediately, but modestly, accretive to
Fiscal 2011 non-GAAP operating income and cash flow from
operations. Additional details and an updated outlook will be
provided on SuccessFactors' second quarter fiscal 2011 results
conference call.
For more information please visit
http://www.successfactors.com/plateau.
About SuccessFactors
SuccessFactors is the leading provider of cloud-based Business
Execution (BizX) software solutions to organizations of all sizes,
with more than 12 million users across multiple industries and
geographies. We strive to delight our customers by delivering
innovative solutions, a broad range of content, process expertise
and best practices knowledge gained from serving our large and
varied customer base. Today, we have more than 3,200 customers in
more than 168 countries using our application suite in 34
languages.
Execution Is The Difference™
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Australia Aug. 24-25:
http://www.successfactors.com/successconnect/.
"Safe harbor" statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements are SuccessFactors' current expectations and
beliefs.
These forward-looking statements include statements about
potential benefits of the acquisition and future growth prospects.
Factors that could cause actual results to differ materially from
those contemplated by these forward-looking statements include: our
ability to retain customers and to experience high customer renewal
rates; whether customers renew their agreements for additional
modules or users; pricing pressures; the uncertain impact of the
overall global economic conditions, including on customers,
prospective customers and partners, renewal rates and length of
sales cycles; the fact that the business execution market is at an
early stage of development, and may not develop as rapidly as we
anticipate; risks related to the integration of the acquisition,
including retaining customers and employees and managing
geographically-dispersed operations; our ability to have on
premises customers convert to a hosted model; competitive factors;
outages or security breaches; our ability to develop, and market
acceptance of, new services; the impact of any discovered product
defects or outages; our ability to continue to sell our services
outside the HR area; our ability to manage our growth; our ability
to successfully expand our sales force and its effectiveness;
whether our resellers and other partners will be successful in
marketing our products; liabilities assumed as a result of the
acquisition; our ability to continue to manage expenses; the impact
of unforeseen expenses, including as a result of integrating
acquisitions; and general economic conditions worldwide. If any
such risks or uncertainties materialize or if any of the
assumptions proves incorrect, our results could differ materially
from the results expressed or implied by the forward-looking
statements we make.
Contact:
For media inquiries:
Andrea Meyer
+1.415.370.7329
ameyer@successfactors.com
For investor inquiries:
Karen Moran
+1.650.645.4439
kmoran@successfactors.com
SOURCE SuccessFactors, Inc.