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SuccessFactors Completes Acquisition of Inform
Jul 01, 2010 (04:07 PM EDT)
SuccessFactors' More Than 3,000 Customers and 8 Million Users Can Now Leverage Business Analytics and Workforce Planning Solutions Integrated with Business Execution Software
SAN MATEO, Calif., July 1 /PRNewswire-FirstCall/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that it has completed its acquisition of Inform Business Impact, the global leader in analytics and workforce planning.
With this strategic acquisition, SuccessFactors is the first company to offer business analytics and workforce planning as part of a comprehensive Business Execution Suite. Inform serves more than 130 enterprise customers, most with more than 100,000 employees, including 24 of the Fortune 500, which represent approximately 2.5 million employees. Customers include Comcast, BHP Billiton and The McGraw-Hill Companies.
The combination of Inform's powerful, 100 percent cloud-based software and unique expertise with SuccessFactors' market-leading Business Execution (BizX) Software will provide customers with solutions that allow them to assess their readiness to execute their strategies, forecast the impact of their business decisions, mitigate risk and take action accordingly.
Integrated within SuccessFactors' Business Execution Software Suite, customers can now leverage:
With unmatched applications and strategic consulting, Inform has a rich 28-year history and 600 person-years of field and academic research, proprietary content and technology development in business analytics and workforce planning.
For more information, please visit http://www.successfactors.com/inform/.
About Inform Business Impact
Inform Business Impact is the global leader in analytics and workforce planning. Over the 28 years since its founding in 1982, Inform's brilliant and highly experienced leadership team has crafted a rich set of analytics and workforce planning applications anchored by unique intellectual capital. Inform now serves more than 130 customers with their applications and strategic consulting, including 24 of the Fortune 500, such as Comcast, BHP Billiton, Nike and many others. To learn more, visit http://informimpact.com/.
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution Suite improves business alignment and people performance to drive breakthrough results for companies of all sizes, anywhere in the world. More than 8 million users and 3,000 companies leverage SuccessFactors every day. To learn more, visit: http://www.successfactors.com/.
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"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 product capabilities and anticipated benefits of the acquisition. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to retain customers of Inform and to experience high customer renewal rates; ; the uncertain impact of the overall global economic slowdown; 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 Inform and managing geographically-dispersed operations, competitive factors; and market acceptance of analytics software. 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.
Further information on these and other factors that could affect our financial results is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K and in our most recent report on Form 10-Q and in other filings we make with the Securities and Exchange Commission from time to time.
These documents are or will be available in the SEC Filings section of the Investor Relations section of our website at www.successfactors.com/investor. Information on our website is not part of this release.
SOURCE SuccessFactors, Inc.