Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced the continued momentum of its expanding Business Execution (BizX) Suite at SuccessConnect Chicago, the fourth of five SuccessFactors 2010 customer conferences around the globe.
"We are taking our Business Execution Suite to the next level. Our customers asked and we delivered - an expanded BizX Suite with more core capabilities, social collaboration and advanced analytics," said Lars Dalgaard, founder and CEO, SuccessFactors. "It's amazing to see that from General Motors to Comcast and the Village of Schaumburg, SuccessFactors is changing the way the world works."
New Product Expansion & Additions
When customers ask, SuccessFactors delivers. In the Fall 2010 update to the BizX Suite, SuccessFactors introduces hundreds of updates and enhancements to make customers more successful in using the BizX Suite to execute against their strategies:
112 product releases to date
429 enhancements and additions to the BizX Suite in the Fall 2010 product update
85 percent of the 429 enhancements are focused on driving customer satisfaction
SuccessFactors devotes significant energy toward developing new products and innovations in Business Execution, answering and anticipating customer needs. With the acquisitions of Inform and CubeTree this summer, SuccessFactors put its technology investments to work immediately with BizX Insights for analytics and a new social collaboration offering unveiled today. In 2010 SuccessFactors has made half a dozen significant additions and expansions to the BizX Suite.
SuccessFactors Gets Social: The integrated social collaboration offering brings SuccessFactors into daily use across every role in a company. The integrated CubeTree solution is free for all SuccessFactors customers with a premium option available. More detail is available in the press release titled "Social Collaboration from SuccessFactors Lets Companies Accelerate Execution Against Common Goals."
SuccessFactors Expands BizX Core in HR: Today, SuccessFactors announced the addition of a host of new functionality to support complex HR processes through Employee Central. Customers will be able to use SuccessFactors to support their Human Capital Management needs. The update means that the talent management aspect of SuccessFactors' BizX Suite has a core HRIS platform built to natively support analytics and reflect real-time realities.
As the creator and leader of the Business Execution software category,SuccessFactors has delivered on its own commitment to execution with continued rapid growth in 2010:
24 percent year-over-year revenue growth
Expanded sales infrastructure in Latin America, Central and Eastern Europe, and Asia Pacific
Introduced integrated solutions with technology from two acquired companies
More than half a dozen new additions to the BizX Suite
Customer Adoption of BizX
More than eight million users at more than 3,000 companies around the world of all types and sizes are standardizing on SuccessFactors' BizX to align their business and improve team execution and people performance:
More than 63 million goals tracked for individual employees
More than 14 million performance reviews
More than 73 million user log-ins to date in 2010 alone
Customer Results: SF ROX
Despite the challenging economy, SuccessFactors customers continue to outperform the market at large. The SuccessFactors "Return on Execution Portfolio" (SF ROX) explores the performance of SuccessFactors customers of all types that use the BizX Suite heavily and strategically and compares them against the market average across NASDAQ, S&P 500 and DOW. From October 2008 to September 2010, the SF ROX Portfolio has maintained a strong performance lead at 24 percent while index averages have managed just 8 percent, - 4 percent and -3 percent, respectively. Learn more about the SF ROX Portfolio and its performance in the SF ROX whitepaper.
Note: All product features and delivery dates mentioned represent current product development expectations only and not a delivery commitment. These features may not be delivered in the indicated timeframe or at all. Customers should base their purchasing, administrative and configuration decisions solely on functionality that is currently available.
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite, which is delivered through the cloud, improves business alignment, team execution and people performance to drive results for companies of all sizes. Across 168 countries and 34 languages, more than 8 million users and 3,000 companies leverage SuccessFactors every day, up from approximately 300,000 users and 100 companies in 2003. BizX bridges the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors' recent acquisitions of Inform and CubeTree supplement SuccessFactors' core BizX strategy with integrated solutions that directly align with SuccessFactors' mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: www.successfactors.com.
Execution Is The Difference(TM)
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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 strategy and performance, customer usage, expected benefits and implementation. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: unexpected delays in implementation; unexpected bugs or defects; outages or security breaches; user acceptance levels of the application; or our ability to manage our growth. 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.
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