SAN MATEO, Calif., Oct. 25 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that it was named the fastest growing public software-as-a-service (SaaS) company in North America by Deloitte's Technology Fast 500™ in 2010.
SuccessFactors is ranked No. 101 – No. 1 among public SaaS companies – on the Technology Fast 500 list with 1075 percent company growth over five years.
Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2005-2009. SuccessFactors grew 1075 percent during this period.
In 2009, SuccessFactors was ranked No. 149 overall on the Deloitte's Technology Fast 500™ with 995 percent growth from 2004-2008 and No. 133 overall in 2008 with 1437 percent growth from 2003-2007.
"Our growth in the past five years has been near 100 percent organic, with all sales coming from customer-led Innovation; we've received almost 60 percent of our sales from new products," said Lars Dalgaard, founder and CEO of SuccessFactors. "Clearly, SuccessFactors' growth comes directly from our dedication to delivering innovative business execution solutions that help our customers win every day. I'd like to thank our customers, partners and employees for another record-breaking year."
"SuccessFactors and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends SuccessFactors for this impressive accomplishment."
"SuccessFactors has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
As used in this document, "Deloitte" means Deloitte LLP and Deloitte Services LP, separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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.