SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand performance and talent management solutions, today announced that it has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.
SuccessFactors’ increase in revenues of 1437 percent from fiscal year 2003 to 2007 resulted in a No. 19 ranking in the Technology Fast 50 for Silicon Valley.
“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. “Sustaining high revenue growth over five years is an exceptional accomplishment. We commend SuccessFactors for making the commitment to technology and delivering on the promise of market longevity.”
“Since the company was founded, SuccessFactors has focused on meeting our goal of improving worldwide productivity by 50 percent. Our incredible growth is just simply a result of our execution toward that goal, and we’re proud to be recognized for that,” said SuccessFactors CEO Lars Dalgaard. “There’s still so much more for us to do to reach that goal, so SuccessFactors growth will continue to be a bellwether for the productivity of the world’s workforce.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – a Wells Fargo Company.
The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, creates a company-wide network of information related to employee performance, including skill-sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,140 customers and 4 million end users today, SuccessFactors’ solutions are widely deployed across 60 industries in over 185 countries in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.
Contacts:
Dominic Paschel, 650-645-4474 (Investor Relations)
dpaschel@successfactors.com
or
Jesse
Odell, 415-625-8555 (Public Relations)
successfactors@launchsquad.com
