Independent Research Firm Identifies SuccessFactors as an Industry Leader, Top Scores for Architecture, Completeness of Vision
SAN MATEO, Calif. – January 16, 2008 — SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in on-demand performance and talent management solutions, today announced that research firm Bersin & Associates has released a new study of the talent management suite vendor landscape with SuccessFactors receiving three-and-a-half stars. The company was one of only three vendors with this rating, the highest received.
The research study, Talent Management Suites: Market Realities, Implementation Experiences, and Vendor Profiles, also found that Software as a Service (SaaS) has become a mainstream delivery model for organizations of all sizes. Succession management and performance management, applications for which SuccessFactors received the highest possible comprehensive rating, resulted in the most popular combination of modules among the organizations questioned for the study.
“SuccessFactors continues to be a leader in performance and talent management suite offerings,” said Leighanne Levensaler, principal analyst for Bersin & Associates, a research and advisory firm focused on enterprise learning and talent management.
“Over the years, the company has ranked consistently high in our product research studies. By continuing to focus on customer needs for integrated, robust and easy-to-use products, SuccessFactors will remain a competitive leader in the market for talent management solutions.”
“The Bersin & Associates study supports our belief that performance management is at the core of every company’s talent management strategies and is also what we have always seen as the core of our performance and talent management software suite,” said Paul Albright, chief marketing officer at SuccessFactors. “We built our software organically with the HR and business needs of our customers in mind. Bersin & Associates’ high ranking and recognition of our product suite validates our strategy and product development as well as our position as a leader in the industry.”
When rating SuccessFactors’ integrated talent management suite, Bersin & Associates considered the needs of HR executives and business leaders in organizations of all sizes and industries, stating that, in general, their top agenda included improving the leadership pipeline, building a high performance culture, improving effectiveness of the recruitment process and increasing employee engagement and retention, all while saving time, reducing costs and limiting system complexity.
SuccessFactors is a broad, organically integrated suite of performance and talent management software, which includes recruiting management, goal management, succession management, compensation planning, learning and development, and analytics and reporting applications. The solution creates a company-wide network of information related to employee performance, including skill sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.
About SuccessFactors, Inc.
SuccessFactors is the leading provider of on-demand employee performance and talent management solutions that enable organizations of every size, across every industry and geography, to realize their employees’ potential and thus drive business results. Its hosted service is organically built from the ground up – providing a fully integrated, modular suite of performance and talent management applications that provide customers with immediate process benefits and tangible return on investment. Fueled by customer success, SuccessFactors currently has more than 1,400 customers across over 60 industries, with more than 2 million end users in over 150 countries using the application in 18 languages. The company currently employs more than 700 people worldwide, all passionately focused on delighting customers through prompt and effective execution and constant improvement driven by customer feedback. SuccessFactors’ customers include Kimberly-Clark Corporation, MasterCard Worldwide, Textron, Sutter Healthcare, Direct Energy, Volkswagen of North America, Lancaster General Hospital, and McDermott International, Inc. Founded in 2001, SuccessFactors has multiple offices worldwide collaborating for strong local support and measurable success of customers.
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