SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that 2004 had proven to be a landmark year for the company in terms of customer wins, customer usage and technology expansion. Citing customer wins with industry leaders including Dow Jones, General Motors, Reebok and OppenheimerFunds, the company also reported an approximate 97% renewal rate from their existing customer base in addition to their recently announced compensation and succession planning modules. Through these latest customer wins, SuccessFactors surpassed the half million user mark.
San Mateo, CA (HRMarketer/PRWeb) February 2, 2005 -- SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that 2004 had proven to be a landmark year for the company in terms of customer wins, customer usage and technology expansion. Citing customers wins with industry leaders including Dow Jones, OppenheimerFunds, Reebok, and General Motors, SuccessFactors shared that fourth quarter activity resulted in the addition of 34 new customers to the companys roster as well as an approximate 97% renewal rate from the companys existing customer base. During the last quarter of 2004, SuccessFactors also announced the general availability of their newest, industry-defining Compensation Planning and Succession Planning applications.
The fourth quarter customers wins spanned multiple industries and added over 172,000 new licensed users to the over half million user mark. The partial list of Q4 wins includes: Brass Ring, BrightPoint, Central Florida Educators' Federal Credit Union, Commonwealth of Massachusetts, Dow Jones, First Niagara Financial Group, Inc., Follett, General Motors, Gordon and Betty Moore Foundation, Harvard Business School Publishing, Hillcrest, Internet Security Systems, Maine Medical, MassPro, Neighborhood Health Plan, OppenheimerFunds, Pride International, Trans World Entertainment, Reebok, The ServiceMaster Company, SumTotal Systems, Startek, and United States Olympic Committee.
The SuccessFactors Workforce Performance Management Suite is composed of distinct capabilities, all of which are fully integrated. Its ease-of-use and rapid deployment features allow customers to solve immediate needs by getting to productive events in record time. The entire suite is highly scalable and modular, allowing customers to add new modules when theyre ready – on demand."
Our customers dictate the rate at which SuccessFactors can grow, said Lars Dalgaard, SuccessFactors CEO. Our extremely high customer renewal rate combined with our marquee customer wins tells us that we are succeeding in our goal to help customers rapidly align, develop, motivate and maintain a high performance workforce."
About SuccessFactors:
With the highest renewal rate in the industry, SuccessFactors is the established global leader in providing on-demand, Web-based, integrated Workforce performance management solutions.
SuccessFactors was founded in 2001 to deliver software and solutions that help companies implement effective Workforce performance management strategies that align employee performance with bottom-line business results. The company has over 600,000 users from more than 200 highly satisfied customers across all industry sectors, including Textron, Cooper Tire & Rubber Company, Mastercard, Informatica, MeadWestVaco, PG&E, Lancaster General Hospital, Samsung, Riggs Bank, Grant Thornton, Friendlys Ice Cream and HP Hood. SuccessFactors is headquartered in San Mateo, CA. and has multiple worldwide offices. The applications are being used in 60 countries and in multiple languages.
SuccessFactors is a trademark of Success Acquisition Corporation, d.b.a SuccessFactors and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
For more information, visit www.successfactors.com or call 1-800-809-9920.
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This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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