SuccessFactors Exceeds 4 Million Global Users
User Base Jumps by 1 Million in Two-Plus Quarters, Mirroring Company’s Explosive Growth; 2,140 Companies Now Committed to High-Performance Workplaces
SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand performance and talent management solutions, today announced that it has reached a new milestone in the company’s history, exceeding 4 million end users on its Software-as-a-Service (SaaS) product suite. SuccessFactors has more than 2,140 global customers of all sizes in 185 countries, spread across 60 industries, using the products in 22 languages.
SuccessFactors began in 2001, with a bold and ambitious goal of revolutionizing the way the world works by increasing productivity by 50 percent. Today, SuccessFactors is one of the fastest growing, publicly-traded software companies, and widely considered an innovation leader in SaaS, as more than 65 percent of its sales come from products that did not exist three years ago, as compared to other software companies that derive the vast majority of revenue from the original product. Leveraging a single code base, SuccessFactors has built a platform that enables its development teams to rapidly deliver new, relevant business optimization applications for companies of all sizes. The company is focused on providing solutions for businesses to get the most from their people, and for employees to take an active role in their own development. This effort has resonated around the world as the SuccessFactors’ end-user count continues to dramatically increase. SuccessFactors had 1 million end users at the end of 2005, more than 2 million end users at the end of 2006, 3 million end users at the end of 2007, and now more than 4 million end users thus far in 2008.
“Imagine all 4 million residents of Los Angeles or Ireland deployed on SuccessFactors -- that illustrates just how massive our footprint is around the world. This milestone is quite an achievement, but we’re just getting started,” said Lars Dalgaard, founder, president and chief executive officer of SuccessFactors. “We’ve worked hard to build a bullet-proof product, a customer-focused, results-driven culture, and a passionate, execution-oriented team committed to winning every day. Every SuccessFactors employee is motivated by the goal of making our customers so wildly-successful and reference-able that the next 4 million users will be on our system sooner than we even dreamed.”
A recent survey showed SuccessFactors’ customers have stronger revenue and net income growth, compared to their industry peers.
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 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 achieve high-performing workforces by enabling goal alignment and execution, talent development and planning, and pay-for-performance initiatives. SuccessFactors currently has more than 2,140 customers across more than 60 industries, with more than 4 million end users in over 185 countries using the application 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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