LONDON, July 21, 2011 /PRNewswire/ -- SuccessFactors,
Inc. (NYSE: SFSF), the global leader in business execution
software, today announced that Edwards, a leading industrial
equipment maker, has selected SuccessFactors to support its rapidly
expanding global business operations. Edwards will be deploying
SuccessFactors Performance Management, Goal Management and Employee
Central modules to all of its 3,200 employees worldwide in a five
year contract, providing business alignment and management insight,
enabling transparency and cascading of corporate and individual
goals, and driving more effective business execution against the
company's corporate strategy.
With annual revenues in excess of 641
million Pounds sterling (US $1
billion), Edwards supplies vacuum pumps to manufacturers of
semiconductors, solar panels and flat-screen TVs, and was
previously part of BOC, the industrial gas supplier. Last month the
company joined Britain's
private-company elite, featuring for the first time in the Sunday
Times Deloitte Top Track 100 league table of Britain's biggest private companies. With the
company at a critical stage in its growth trajectory, Edwards
needed the ability to make better and faster decisions across the
business, as well as reduce data errors associated with disparate
existing systems.
"As a rapidly expanding company, we have a number of exciting
potential opportunities ahead of us which will accelerate and
capitalise our growth," said Sue
Rabbett, global HR partner for Edwards. "We need a
centralised system that gives management insight into our workforce
at an individual level for performance, planning and succession
purposes across each of our local regions, and provides us with a
means of effectively communicating and cascading goals and
objectives at both a corporate and individual level across our
global operations. SuccessFactors will play an important part in
supporting our on-going expansion and growth strategy."
Edwards will be deploying the SuccessFactors software over the
coming months, which it anticipates will likely help reduce the
company's administration costs in both its HR and IT
departments.
About Edwards
Edwards is a leading global supplier of integrated solutions for
the manufacture of semiconductors, flat panel displays, LEDs and
solar cells and a leader in vacuum technology for industrial,
pharmaceutical, chemical, scientific, process, glass coating and
food packaging industries as well as a wide range of R&D
applications. The company employs 3,200 people worldwide in the
design, manufacture and support of high technology vacuum and
exhaust management equipment. Edwards offers a wide range of other
pumping technologies and related products, supported by an
international sales and service organisation.
www.edwardsvacuum.com
About SuccessFactors
SuccessFactors is the leading provider of cloud-based Business
Execution Software, which delivers business alignment, team
execution, people performance, and learning management solutions to
organizations of all sizes across more than 60 industries. With
approximately 15 million subscription seats globally, we strive to
delight our customers by delivering innovative solutions, content
and analytics, process expertise and best practices insights from
serving our broad and diverse customer base. Today, we have more
than 3,500 customers in more than 168 countries using our
application suite in 34 languages.
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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
potential benefits of the acquisition and future growth prospects.
Factors that could cause actual results to differ materially from
those contemplated by these forward-looking statements include: our
ability to retain customers and to experience high customer renewal
rates; whether customers renew their agreements for additional
modules or users; pricing pressures; the uncertain impact of the
overall global economic conditions, including on customers,
prospective customers and partners, renewal rates and length of
sales cycles; 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 the acquisition,
including retaining customers and employees and managing
geographically-dispersed operations; our ability to have on
premises customers convert to a hosted model; competitive factors;
outages or security breaches; our ability to develop, and market
acceptance of, new services; the impact of any discovered product
defects or outages; our ability to continue to sell our services
outside the HR area; our ability to manage our growth; our ability
to successfully expand our sales force and its effectiveness;
whether our resellers and other partners will be successful in
marketing our products; liabilities assumed as a result of the
acquisition; our ability to continue to manage expenses; the impact
of unforeseen expenses, including as a result of integrating
acquisitions; and general economic conditions worldwide. 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
these forward-looking statements 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.
For further information, please contact:
Vanessa Land
Devonshire Marketing for SuccessFactors
Tel: +44 (0)870 242 7469
Email: vanessa@devonshiremarketing.com
Andrea Meyer
SuccessFactors
Tel: +1.415.370.7329
Email: ameyer@successfactors.com
SOURCE SuccessFactors, Inc.