SuccessFactors Completes Acquisition of CubeTree
Poster: SySAdmin
Posted on July 20, 2010 at 3:07:01 PM
SuccessFactors Completes Acquisition of CubeTree
Global Leader in Business Execution Software Accelerates Company-Wide Collaboration with Social Business Networking Capabilities
SAN MATEO, Calif., July 20 -- Today, SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in Business Execution Software, announced that it has completed its acquisition of CubeTree, Inc., a visionary leader in the rapidly growing social business software category. CubeTree is an online collaboration suite that enables employees to connect, communicate and collaborate efficiently and securely.
"With CubeTree, SuccessFactors will truly be able to offer the key to unlock workforce productivity and close the gap between strategy and execution. CubeTree links SuccessFactors to every single person across an entire organization -- and links every person to one another. There is no individual in an organization that cannot benefit from using CubeTree," said Lars Dalgaard, founder and CEO, SuccessFactors. "This is a powerful combination that allows us to give the concept of BizX serious teeth: connecting day-to-day collaboration and execution directly to business strategy. CubeTree's social business capabilities on our secure, scalable Enterprise Cloud platform -- which already has more than eight million users -- is a win-win combination for CEOs and CIOs looking to bring the benefits of collaboration to their organization while maintaining the highest standards of security and reliability. We believe this is the way to change how the world works."
CubeTree will be a core part of SuccessFactors' Business Alignment product offering and extend the Business Execution Software strategy to let all individuals in every organization execute against their plans. CubeTree will be deployed to SuccessFactors' more than eight million users across more than 3,000 companies, reaching every staff level and role to make an impact in communication, collaboration and the social elements that increase efficiency in daily work.
"Joining SuccessFactors, with its leadership in the cloud and vision for BizX, is an immense opportunity for CubeTree," said Carlin Wiegner, CEO and co-founder, CubeTree. "SuccessFactors lets us reach any industry, in any geography across the globe, to fundamentally improve employee collaboration and execution. It's a dream combination to be able to apply social networking to an enterprise platform to make C-level strategy come to fruition."
CubeTree addresses a significant challenge in business execution: the way individuals and teams collaborate, share ideas and make connections across organizational silos and geographies to get work done.
CubeTree's secure, integrated social business solution gives companies a wealth of collaborative and social benefits, including:
-- Instant communication, collaboration and sharing: Everyone in a
company can quickly create rich profiles and begin engaging with
everyone in their organization to get work done, find co-workers who
can help and share insights as they happen.
-- Rich Employee Profiles that provide deep insights into skills,
talents, interests and expertise.
-- Powerful Team Execution through workspaces that enable groups to
immediately gather around a project, collaborate, share documents and
get work done.
-- Executive Dashboards that provide rich insights into the pulse of how
a company is executing everyday.
All of these features are delivered in an enterprise class, secure environment, giving companies multiple levels of data encryption and privacy controls to ensure that sensitive corporate data and communications are secure and protected.
For more information please visit http://www.successfactors.com/cubetree.
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite improves business alignment and people performance to drive breakthrough results for companies of all sizes. More than 8 million users and 3,000 companies across 168 countries and 34 languages leverage SuccessFactors every day, up from 92 customers and approximately 280,000 users in 2003. Business Execution bridges the gap between strategy and success, by allowing every person in an organization to execute against their plans better and faster. To learn more, visit: http://www.successfactors.com.
Execution Is The Difference(TM)
Follow us: http://twitter.com/SuccessFactors
Like us: http://facebook.com/SuccessFactors
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 market size and potential product performance and expected benefits. 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; the fact that end users may not adopt the application and functionality; ability to motivate and retain acquired personnel; the fact that social networking applications for the enterprise is still an emerging market, with an uncertain growth potential; competition and 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.
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.
These documents are or will be available in the SEC Filings section of the Investor Relations section of our website at http://www.successfactors.com/investor. Information on our website is not part of this release.
Contacts:
Dominic Paschel, 415-262-4641
Director of Global Public & Investor Relations
dpaschel@successfactors.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO
AP Archive: http://photoarchive.ap.org/
http://photos.prnewswire.com/prnh/20090602/SF26086LOGO
PRN Photo Desk photodesk@prnewswire.com
Source: SuccessFactors, Inc.
CONTACT: Dominic Paschel, Director of Global Public & Investor Relations
of SuccessFactors, Inc., +1-415-262-4641, dpaschel@successfactors.com
Web Site: http://www.successfactors.com/
Global Leader in Business Execution Software Accelerates Company-Wide Collaboration with Social Business Networking Capabilities
SAN MATEO, Calif., July 20 -- Today, SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in Business Execution Software, announced that it has completed its acquisition of CubeTree, Inc., a visionary leader in the rapidly growing social business software category. CubeTree is an online collaboration suite that enables employees to connect, communicate and collaborate efficiently and securely.
"With CubeTree, SuccessFactors will truly be able to offer the key to unlock workforce productivity and close the gap between strategy and execution. CubeTree links SuccessFactors to every single person across an entire organization -- and links every person to one another. There is no individual in an organization that cannot benefit from using CubeTree," said Lars Dalgaard, founder and CEO, SuccessFactors. "This is a powerful combination that allows us to give the concept of BizX serious teeth: connecting day-to-day collaboration and execution directly to business strategy. CubeTree's social business capabilities on our secure, scalable Enterprise Cloud platform -- which already has more than eight million users -- is a win-win combination for CEOs and CIOs looking to bring the benefits of collaboration to their organization while maintaining the highest standards of security and reliability. We believe this is the way to change how the world works."
CubeTree will be a core part of SuccessFactors' Business Alignment product offering and extend the Business Execution Software strategy to let all individuals in every organization execute against their plans. CubeTree will be deployed to SuccessFactors' more than eight million users across more than 3,000 companies, reaching every staff level and role to make an impact in communication, collaboration and the social elements that increase efficiency in daily work.
"Joining SuccessFactors, with its leadership in the cloud and vision for BizX, is an immense opportunity for CubeTree," said Carlin Wiegner, CEO and co-founder, CubeTree. "SuccessFactors lets us reach any industry, in any geography across the globe, to fundamentally improve employee collaboration and execution. It's a dream combination to be able to apply social networking to an enterprise platform to make C-level strategy come to fruition."
CubeTree addresses a significant challenge in business execution: the way individuals and teams collaborate, share ideas and make connections across organizational silos and geographies to get work done.
CubeTree's secure, integrated social business solution gives companies a wealth of collaborative and social benefits, including:
-- Instant communication, collaboration and sharing: Everyone in a
company can quickly create rich profiles and begin engaging with
everyone in their organization to get work done, find co-workers who
can help and share insights as they happen.
-- Rich Employee Profiles that provide deep insights into skills,
talents, interests and expertise.
-- Powerful Team Execution through workspaces that enable groups to
immediately gather around a project, collaborate, share documents and
get work done.
-- Executive Dashboards that provide rich insights into the pulse of how
a company is executing everyday.
All of these features are delivered in an enterprise class, secure environment, giving companies multiple levels of data encryption and privacy controls to ensure that sensitive corporate data and communications are secure and protected.
For more information please visit http://www.successfactors.com/cubetree.
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite improves business alignment and people performance to drive breakthrough results for companies of all sizes. More than 8 million users and 3,000 companies across 168 countries and 34 languages leverage SuccessFactors every day, up from 92 customers and approximately 280,000 users in 2003. Business Execution bridges the gap between strategy and success, by allowing every person in an organization to execute against their plans better and faster. To learn more, visit: http://www.successfactors.com.
Execution Is The Difference(TM)
Follow us: http://twitter.com/SuccessFactors
Like us: http://facebook.com/SuccessFactors
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 market size and potential product performance and expected benefits. 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; the fact that end users may not adopt the application and functionality; ability to motivate and retain acquired personnel; the fact that social networking applications for the enterprise is still an emerging market, with an uncertain growth potential; competition and 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.
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.
These documents are or will be available in the SEC Filings section of the Investor Relations section of our website at http://www.successfactors.com/investor. Information on our website is not part of this release.
Contacts:
Dominic Paschel, 415-262-4641
Director of Global Public & Investor Relations
dpaschel@successfactors.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO
AP Archive: http://photoarchive.ap.org/
http://photos.prnewswire.com/prnh/20090602/SF26086LOGO
PRN Photo Desk photodesk@prnewswire.com
Source: SuccessFactors, Inc.
CONTACT: Dominic Paschel, Director of Global Public & Investor Relations
of SuccessFactors, Inc., +1-415-262-4641, dpaschel@successfactors.com
Web Site: http://www.successfactors.com/