SAN MATEO, Calif., Nov. 9, 2010 /PRNewswire-FirstCall/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced the appointment of Doug Dennerline as President, effective November 10, 2010. Mr. Dennerline will report to Lars Dalgaard, Chief Executive Officer of SuccessFactors. Mr. Dennerline will be responsible for all revenue generation activities of the company, customer success and results, renewals, and marketing, and is intended to give the company the leadership capacity to meet its anticipated further scale and growth.
Mr. Dennerline served for 10 years from 1998 to August 2009, at Cisco Systems, Inc., where, at one point, he was responsible for running approximately a 6000 person organization and had a $9.5B annual revenue responsibility that grew from $4.5B under his leadership. Other key responsibilities included:
- General Manager of Cisco Webex and SVP/GM of the collaboration software group, including the responsibility of running Cisco Webex and the Collaboration Software Group. Dennerline oversaw Cisco's Cloud and SaaS strategies and related products, including the WebEx offerings, which was a stand-alone business within Cisco, and included Engineering, Marketing, Sales, HR, IT, Finance, Technical Operations, Technical Support and Customer Success.
- Co-Chair of Cisco's Commercial Business Council, which targets the mid-sized market.
- SVP US Enterprise, Commercial and Federal Sales Group, and generating up to 50% of US revenue at the time.
Prior to joining SuccessFactors, until May 2010, Mr. Dennerline served as EVP of Enterprise Sales, Americas and EMEA for Salesforce.com [CRM]. Prior to joining Cisco, Mr. Dennerline worked at 3Com Corporation for 10 years, including running the approximately $700M Channels business and Hewlett-Packard Corporation. Doug consistently has operated globally and lived in Hong Kong while overseeing Asian operations.
"Doug will be an outstanding addition to our leadership team. With SuccessFactors' aggressive global investments in Enterprise, SMB, and Channels, Doug is an ideal President for SuccessFactors at this time of global growth," said Lars Dalgaard, Founder and CEO. "Doug is an extremely mature, experienced executive with strong emotional people intelligence that will add to SuccessFactors' culture. While he will help grow the company and expand margins, he has a very serious and accountable focus on customer results. We look forward to learning from Doug, as he is a unique human being and has been at the top of the most relevant and respected companies for SuccessFactors, such as Salesforce.com and Cisco."
"It's an honor to be joining such a high-performance team at SuccessFactors and a company positioned in such a critical area facing the business - to bridge the gap between strategy and execution," said Dennerline. "The opportunity for Business Execution Software was one that I carefully assessed and was impressed with the overall market and business opportunity. I look forward to working with Lars and the team and growing and scaling the business."
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. Companies such as Siemens: http://www.successfactors.com/siemens. 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/.
Execution Is The Difference™
Follow us: http://twitter.com/SuccessFactors
Like us: http://facebook.com/SuccessFactors
Contact: |
|
Dominic Paschel, 415-262-4641 |
|
Director of Public & Investor Relations |
|
http://www.successfactors.com |
|
"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 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 both the business execution and the social business markets are 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.
Share this article