Mergers & Acquisitions

Mergers & Acquisitions

July 07, 2011

SuccessFactors Completes Acquisition of Plateau

SuccessFactors has announced that the company has completed the acquisition of Plateau Systems.

Adding Plateau’s leading enterprise grade LMS solutions to SuccessFactors’ market-leading Business Execution (BizX) suite will allow customers to maximize employee productivity and business execution, the company has stated.

SuccessFactors has continued to build on its core Business Execution (BizX) solutions to revolutionize the market through its acquisitions and speed of innovation over the past 12 months. By combining Plateau with SuccessFactors, the company offers various features such as workforce analytics and reporting, collaboration, and Plateau, formal, informal and social learning, recruiting, on-boarding, performance management, compensation, variable pay, 360 review, content-as-a-service, and ore HR as the employee system of record and foundation.

“We have seen tremendous, four times bigger than expected, immediate deal interest from existing and new customers since we announced the acquisition, and will drive great growth for SuccessFactors. Since the announcement, large Plateau customers have invited us to meet with them from the West Coast of the US to Northern Europe because they were impressed with our combined scale, exclusive cloud-offering, and passionate, experienced team,” said Lars Dalgaard, founder and CEO, SuccessFactors.

Both companies are experts in serving large enterprise customers. SuccessFactors and Plateau have combined subscription seats of approximately 15 million in the cloud, the most in their industry, the company stated in a press release. Offering comprehensive learning solutions that uniquely combine formal and informal practices, SuccessFactors Learning (formerly Plateau’s LMS) is a core part of SuccessFactors’ Business Execution (BizX) Suite.

Recently, the company announced the conclusion of SuccessFactors' litigation against its direct competitor, Halogen. As part of the settlement, Halogen acknowledges that it engaged in false pretexting. Specifically, Halogen manufactured a phony prospective customer, "The Magnus Group," to inappropriately obtain SuccessFactors' business information to learn about SuccessFactors' services and product features, product demonstrations, pricing, and sales processes. In connection with the settlement, Halogen agreed to pay an undisclosed payment to SuccessFactors.

Raju Shanbhag is a contributing editor for TMCnet. To read more of Raju’s articles, please visit his columnist page.

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