SAN MATEO, Calif. – July 29, 2008 – SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in on-demand performance and talent management solutions, today announced that Beckman Coulter, Inc. (NYSE: BEC), a leading manufacturer of biomedical testing instrument systems, tests and supplies that simplify and automate laboratory processes, has deployed SuccessFactors’ Succession Management module to extend existing processes in managing its global workforce.
Beckman Coulter is headquartered in Fullerton, California, and reported 2007 annual sales of $2.76 billion. The company focuses on products that simplify, automate and innovate complex biomedical testing, enhancing health care around the world. A critical area for management, and closely followed by the company’s board of directors, is succession planning. The Beckman Coulter team understands that effective succession planning is essential to managing the future of their workforce, and ensuring business continuity.
Beckman Coulter already has internally developed processes in place for talent management, but wanted a system to more easily map all staffing decisions and enable management to stay engaged in these critical developments. Beckman Coulter chose SuccessFactors after researching available options and speaking with other health care companies that use SuccessFactors.
Bob Hurley, senior vice president for Beckman Coulter, said, “A strategic succession plan engages employees at all levels to create a dialogue about the impact they can have on the direction of the company. We wanted a comprehensive and easy-to-use system to upgrade and validate our existing talent management processes, and SuccessFactors filled that need. The system works as advertised and we are happy with our decision.”
“It’s rewarding to work with companies, like Beckman Coulter, that recognize succession planning as imperative to growing their business,” said Lars Dalgaard, chief executive officer for SuccessFactors. “The value of succession planning, when done right, delivers strong career development for employees, provides clarity in building bench strengths and the time and dollar savings can be enormous. We look forward to working with Beckman Coulter as their requirements evolve.”
The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, 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 Beckman Coulter
Beckman Coulter, Inc., based in Orange County, California, develops, manufactures and markets products that simplify, automate and innovate complex biomedical tests. More than 200,000 Beckman Coulter systems operate in laboratories around the world, supplying critical information for improving patient health and reducing the cost of care. Recurring revenue, consisting of supplies, test kits, service and operating-type lease payments, represents approximately 78 percent of the company’s 2007 annual revenue of $2.76 billion. For more information, visit www.beckmancoulter.com.
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,000 customers and nearly 4 million end users today, SuccessFactors' solutions are widely deployed across 60 industries in over 185 countries in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work.
For more information, visit: http://www.successfactors.com.
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