LONDON, July 21, 2011 /PRNewswire/ -- SuccessFactors, Inc. (NYSE: SFSF), the global leader in business execution software, today announced that Edwards, a leading industrial equipment maker, has selected SuccessFactors to support its rapidly expanding global business operations. Edwards will be deploying SuccessFactors Performance Management, Goal Management and Employee Central modules to all of its 3,200 employees worldwide in a five year contract, providing business alignment and management insight, enabling transparency and cascading of corporate and individual goals, and driving more effective business execution against the company's corporate strategy.
With annual revenues in excess of 641 million Pounds sterling (US $1 billion), Edwards supplies vacuum pumps to manufacturers of semiconductors, solar panels and flat-screen TVs, and was previously part of BOC, the industrial gas supplier. Last month the company joined Britain's private-company elite, featuring for the first time in the Sunday Times Deloitte Top Track 100 league table of Britain's biggest private companies. With the company at a critical stage in its growth trajectory, Edwards needed the ability to make better and faster decisions across the business, as well as reduce data errors associated with disparate existing systems.
"As a rapidly expanding company, we have a number of exciting potential opportunities ahead of us which will accelerate and capitalise our growth," said Sue Rabbett, global HR partner for Edwards. "We need a centralised system that gives management insight into our workforce at an individual level for performance, planning and succession purposes across each of our local regions, and provides us with a means of effectively communicating and cascading goals and objectives at both a corporate and individual level across our global operations. SuccessFactors will play an important part in supporting our on-going expansion and growth strategy."
Edwards will be deploying the SuccessFactors software over the coming months, which it anticipates will likely help reduce the company's administration costs in both its HR and IT departments.
Edwards is a leading global supplier of integrated solutions for the manufacture of semiconductors, flat panel displays, LEDs and solar cells and a leader in vacuum technology for industrial, pharmaceutical, chemical, scientific, process, glass coating and food packaging industries as well as a wide range of R&D applications. The company employs 3,200 people worldwide in the design, manufacture and support of high technology vacuum and exhaust management equipment. Edwards offers a wide range of other pumping technologies and related products, supported by an international sales and service organisation. www.edwardsvacuum.com
SuccessFactors is the leading provider of cloud-based Business Execution Software, which delivers business alignment, team execution, people performance, and learning management solutions to organizations of all sizes across more than 60 industries. With approximately 15 million subscription seats globally, we strive to delight our customers by delivering innovative solutions, content and analytics, process expertise and best practices insights from serving our broad and diverse customer base. Today, we have more than 3,500 customers in more than 168 countries using our application suite in 34 languages.
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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 potential benefits of the acquisition and 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 acquisition, including retaining customers and employees and managing geographically-dispersed operations; our ability to have on premises customers convert to a hosted model; 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; liabilities assumed as a result of the acquisition; 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.
For further information, please contact:
Devonshire Marketing for SuccessFactors
Tel: +44 (0)870 242 7469
Email: [email protected]
Email: [email protected]
SOURCE SuccessFactors, Inc.