MINNEAPOLIS and SAN MATEO, Calif., Dec.
13, 2011 /PRNewswire/ -- SuccessFactors, Inc. (NYSE:
SFSF), the global leader in cloud-based business execution
software, today announced it has completed its acquisition of
Jobs2web.
With Jobs2web, companies can drive social and mobile recruiting
programs across all potential recruiting channels like Bing,
Facebook, Google, Indeed, Jigsaw, Juju, LinkedIn, Twitter, Yahoo,
Zoominfo, and other communities. Jobs2web works with all major
recruiting vendors and ATS systems and will be immediately
integrated with SuccessFactors' Business Execution applications.
Together the two companies will continue to innovate, market and
support a "stand-alone" Recruiting Marketing product. In
addition to that existing business, the companies will work
together to combine SuccessFactors' world-class Recruiting
Management with Jobs2web's Recruiting Marketing to deliver the
first-of-its-kind Recruiting Execution System.
(Logo:
http://photos.prnewswire.com/prnh/20110510/SF96907LOGO)
"It was important to have clients, shareholders and employees
all benefit in this transaction and I am personally gratified to
say that we have achieved that in this event," said Ken Holec, CEO of Jobs2web. "100 percent
of our employees are being retained and we are looking to expand on
many fronts in the coming months to increase our resources, focus
and continued innovation in Recruiting Marketing. This truly is a
win for everyone."
Beyond the new and innovative functional recruitment
capabilities, customers will also benefit from the companies'
shared vision for cloud-based technology. Both solutions are
100 percent SaaS deployed in the cloud.
Jobs2web's CFO/COO, Steve
Shaffer, will lead the new Jobs2web business unit and the
existing Jobs2web team will report to him. Ken Holec will continue to be involved with
Jobs2web as a strategic advisor to the company while founder
Doug Berg will stay on in a critical
product strategy role.
"We are all very excited about this opportunity and the
potential we have to raise our game to the next level," said
Steve Shaffer, current CFO/COO and
new general manager of the Jobs2web . "In addition to having
Ken Holec's leadership and
Doug Berg's innovation, a critical
step in getting to this point was to have the backing and counsel
of our investors at Updata Partners." Shaffer continued,
"Rich Erickson, Ira Cohen and the team at Updata not only
enabled us financially as early investors in the business, but
throughout our growth by providing advice at key milestone events.
This would not have been possible without their help and
guidance."
"Jobs2web has been a great experience for us and I couldn't be
more pleased at the outcome for our investors and
shareholders. The team at Jobs2Web has done a phenomenal job
at building a highly valuable asset in a capital efficient way with
an enormous opportunity to continue to lead the market as part of
SuccessFactors. It is a great business run by some of the
brightest people we've ever worked with" said Rich Erickson, Updata General Partner. He
continued, "Raymond James &
Associates served as financial advisor and Dorsey & Whitney LLP
was legal counsel to Jobs2web in this transaction and without their
help this would have not been possible."
For more information read the Q&A at
http://www.successfactors.com/Jobs2web.
About Jobs2web
Jobs2web helps employers measure and optimize every aspect
of their interactive recruiting strategy. Client's hire
better people, faster and more cost effectively. By using
Jobs2web's proven Recruit Better® system, employers know which
online channels provide better return on investment, recruit better
talent and deliver better candidate engagement. See how at
www.jobs2web.com.
About SuccessFactors
SuccessFactors is the leading provider of cloud-based
Business Execution Software, and 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 35 languages.
It's Time to Love Work Again.
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"Safe harbor" statement under the Private Securities Litigation
Reform Act of 1995:
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 the
benefits of the proposed acquisition. 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;
integration risks, including risks related to integration of
Jobs2web products, technologies and personnel and managing
geographically-dispersed operations; assumption of
liabilities; whether customers of Jobs2web will desire to
continue as customers 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; 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;
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 prove 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.
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MEDIA CONTACT
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The Devon Group
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Email: jeanne@devonpr.com
Andrea Meyer
SuccessFactors
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ameyer@successfactors.com
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650.645.4439
kmoran@successfactors.com
SOURCE SuccessFactors, Inc.