SuccessFactors Launches First Ever Calculator in the Cloud to Solve Business Challenges
Analytics Technology From Newly Acquired YouCalc Empowers Business Users with Mash-Ups of Any Cloud-Based Data
FRANKFURT, Germany, Oct. 18 /PRNewswire/ -- Today, at SuccessConnect Frankfurt, SuccessFactors, Inc. (Nasdaq: SFSF) announced its new Calculator in the Cloud™ technology. The Calculator in the Cloud empowers business users, from the executive suite to each individual employee, to do analysis of real-time data for insight and predictions. It was designed to perform analysis across all data in the BizX Suite as well as data from 3rd party cloud-based applications. SuccessFactors Calculator in the Cloud empowers business users to create ad-hoc analytic mash-ups from multiple systems such as financials from an ERP system, sales metrics from a CRM system or customer satisfaction stats from call center software.
The Calculator in the Cloud is powered by patented technology gained from SuccessFactors' recent acquisition of Danish company YouCalc, and is demonstrated by initial limited release capabilities, Live Forms and Live Analytics.
"What we're doing with cloud analytics has never been seen before. The analytics power, flexibility and speed we're wielding makes SuccessFactors the hub for business insight not just across our BizX Suite, but across any other cloud application. This ability to do analytics mash-ups is just the latest in a series of new analytics capabilities we introduced this year to bolster the power of the entire BizX Suite," said Lars Dalgaard, founder and CEO, SuccessFactors.
"All business web applications, especially analytics are not fast enough. The move from behind the firewall to the web has failed for application analytics. From what our tests show, the YouCalc 'massive calculator in the sky' changes that paradigm, and makes complex multi-product analytics and API feeds as fast, and sometimes faster than with native apps. It will enable our customers to accelerate business everywhere in the cloud."
Calculator in the Cloud
SuccessFactors' Calculator in the Cloud for in-memory analytics gives business users the ability to instantly run simulations and "what-if" scenarios based on mash-ups of data from any cloud-based app. Rather than merely reporting on historical data, the Calculator in the Cloud allows analysis based on real-time business metrics pulled from the BizX Suite and other cloud-based systems. For example, executives can track the execution of their strategies by using the Calculator in the Cloud to look at the alignment and results of workforce, financials and sales in one place. A rich graphical display can show real-time business vitals such as the current sales pipeline, available cash, employee satisfaction and what percentage of the workforce is executing against the company's strategic plans.
The Calculator in the Cloud technology also lets companies:
- Empower managers to make better decisions for their team and their company
- Empower employees to see the results of their work in real-time
- Free business users from dependence on analysts for tedious, time-consuming, backwards-looking reporting
- Free overburdened IT staff that traditionally have been tapped to handle business intelligence tools and data warehouses
McGraw-Hill is one of the first SuccessFactors customers to use the Calculator in the Cloud to draw insights from information across the BizX Suite. Carol Spitz, vice president of HR technology at McGraw-Hill said, "Here at McGraw-Hill we are committed to giving our managers the best tools to make decisions as they manage our 21,000 employees. With Live Analytics, SuccessFactors has delivered a powerful solution that is flexible enough to meet our unique on-screen calculation requirements."
YouCalc (Epista Software A/S) was recently acquired by SuccessFactors for a combination of cash and stock, with financial details not disclosed. The acquisition closed on July 13, 2010. The talented team that created the Calculator in the Cloud technology is joining SuccessFactors, including YouCalc co-founder and CEO Rasmus Madsen, who has joined as senior director of product marketing, and YouCalc co-founder and CTO Henrik Kjaer who has joined as senior director of engineering.
"We are demonstrating once again that when SuccessFactors makes an acquisition we can rapidly execute and bring new value to our customers," said Dalgaard. "We did it by rolling out new offerings with CubeTree and Inform within months of those acquisitions, and now we're doing it again with YouCalc and the Calculator in the Cloud analytics mash-ups.
"We are excited to find innovative companies in all different corners of the world. We are excited that this time it was Danish engineers that after ten years of building this cloud application, could stand out as what we expected to be the best and fastest web acceleration analytics in the cloud."
Note: The Calculator in the Cloud capabilities described above will be initially available to a limited number of SuccessFactors customers on a free trial basis in early 2011. All product features mentioned represent current product development expectations only and not a delivery commitment. These features may not be delivered in the indicated time frame or at all. Customers should base their purchasing, administrative and configuration decisions solely on functionality that is currently available.
About SuccessFactors, Inc.
SuccessFactors is a global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite, which is delivered through the cloud, improves business alignment, team execution and people performance to drive results for companies of all sizes. Across 168 countries and 34 languages, more than 8 million users and 3,000 companies leverage SuccessFactors every day, up from approximately 300,000 users and 100 companies in 2003. BizX bridges the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors' recent acquisitions of YouCalc, Inform and CubeTree supplement SuccessFactors' core BizX strategy with solutions that align with SuccessFactors' mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: www.successfactors.com.
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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 product strategy and performance, customer usage, expected benefits and implementation. 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; or 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 www.successfactors.com/investor. Information on our website is not part of this release.
Dominic Paschel, 415-262-4641
Director of Global Public & Investor Relations
SOURCE SuccessFactors, Inc.
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