Ex-PayPal, Intuit CEO, Bill Harris, Joins SuccessFactors Board of Directors

SAN MATEO, Calif., Jan. 17, 2011 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced the appointment of William H. Harris, Jr.,  to the company's Board of Directors, effective immediately.  Mr. Harris was formerly CEO of PayPal, as well as Intuit, and has held several board positions.

"Bill brings a unique perspective and great track record to the SuccessFactors Board, and his experience with industry leading, high growth business applications, services and companies is highly pertinent," said Doug Burgum, chairman of the board, SuccessFactors.  "We look forward to his contributions."  

"How do we make complex organizations more effective?  Lars and his team are pioneering the tools to measure and manage this business execution process.  It's important work, and I want to be part of it," said Bill Harris, SuccessFactors Board member.  "SuccessFactors is bringing science to the art of managing people – harnessing technology to enhance human effectiveness.  I'm eager and proud to join this important effort."   

"SuccessFactors has seen exceptional best-in-Cloud growth, for close to ten years, and Bill's insight and perspective on investment and development of our business to fuel continued growth will be invaluable.   Bill has been the leader of some of the most legendary, new model, fast growth, and very profitable technology assets such as PayPal. This type of ambition, commitment to excellence and outperformance, are the board members we seek to help us take SuccessFactors from eight to eighty million users in the Cloud," said Lars Dalgaard, founder and CEO, SuccessFactors.  "SuccessFactors' BizX application targets CEO's, CFO's and HR teams, and we are  pleased to add the sixth former public company CEO or CFO to the board, and at the same time we are accelerating our investment in an expanded management team with more global and bigger sales experience."

Mr. Harris has founded multiple technology companies, and is currently founder and CEO of Personal Capital, an early-stage financial services firm.  He currently serves on the boards of Yodlee, Announce Media and Go Daddy, and formerly served on the boards of Macromedia, EarthLink, Visual Sciences and RSA Security.  Harris was formerly president of ChipSoft, CEO of Intuit, and CEO of PayPal.

Mr. Harris joins the SuccessFactors Board as long-time member Dave Whorton leaves the board.  Mr. Whorton has served on the SuccessFactors Board since April 2003.

"Dave has been instrumental in our success as a company.  His board service has spanned eight years of rapid growth, from SuccessFactors' third year to the size and stature we are today.  I'd like to thank Dave for his exceptional dedication, commitment, love for what we do, and for always being a believer in our model, and his contributions to SuccessFactors," said Dalgaard.

About SuccessFactors, Inc.

SuccessFactors is the 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 integrated solutions that directly align with SuccessFactors' mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: http://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 future growth prospects. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to retain customers and to experience high customer renewal rates; whether customers renew their agreements for additional modules or users; pricing pressures; the uncertain impact of the overall global economic conditions, including on customers, prospective customers and partners, renewal rates and length of sales cycles; the fact that the business execution market is at an early stage of development, and may not develop as rapidly as we anticipate; risks related to the integration of the acquisitions, including retaining customers and employees and managing geographically-dispersed operations; competitive factors; outages or security breaches; our ability to develop, and market acceptance of, new services; the impact of any discovered product defects or outages; our ability to continue to sell our services outside the HR area; our ability to manage our growth; our ability to successfully expand our sales force and its effectiveness; whether our resellers and other partners will be successful in marketing our products; our ability to continue to manage expenses; the impact of unforeseen expenses, including as a result of integrating acquisitions; and general economic conditions worldwide.. 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.

SOURCE SuccessFactors, Inc.