SuccessFactors' Lars Dalgaard Named Best CEO by San Francisco Business Times
SAN FRANCISCO, May 26 /PRNewswire-FirstCall/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that Founder and CEO Lars Dalgaard was named Best CEO of a Large Company in the 2010 San Francisco Business Times Innovation and Technology Awards.
Dalgaard was selected as a winner from a pool of 25 finalists culled from more than 300 nominations of business leaders by a panel of independent judges in conjunction with the editors from the San Francisco Business Times. Dalgaard and SuccessFactors were chosen out of an impressive list of strong performing finalist companies, including another major Silicon Valley innovator with a market capitalization of more than $2 billion and annual revenues of over $400 million. The awards, which recognize dynamic, innovative entrepreneurs, executives and companies driving the Bay Area's thriving technology sector, were announced at a ceremony on Thursday, May 20 in San Francisco, CA.
Under Dalgaard's leadership in 2009, SuccessFactors accelerated its growth and had its best year in history. SuccessFactors grew revenue 37 percent to $153.1 million and grew its user count by 35 percent in 2009 despite the economic climate. Today, SuccessFactors is one of the fastest growing enterprise cloud computing companies in the world, now boasting a massive and growing 8 million strong user base with more than 3,100 customers in 185 countries and 35 languages. SuccessFactors recently announced the largest single cloud deployment implementation with 2.1 million paid seats at one institution, topping the previous industry record of SuccessFactors' deployment at Siemens AG with 420,000 users across 80 countries in 20 different languages.
Dalgaard launched SuccessFactors over nine years ago and has led the company from an unknown start-up to a market leader, taking it to a successful IPO in November 2007 and continuing to fuel its success with innovative products and a unique customer-centric culture.
In September, Dalgaard and SuccessFactors spearheaded the creation of the Business Execution (BizX) category, which opened up a $36 billion market opportunity centered around solving the biggest problem in business today: how to improve execution. SuccessFactors' cloud-based Business Execution (BizX) Software Suite of on-demand applications empowers the C-level, business line managers and employees to tie their performance directly to overall business goals and execute more effectively everyday.
In 2010, Dalgaard helped position the company for further innovation and market growth with strategic acquisitions of Inform Business Impact (the global leader in analytics and workforce planning) and CubeTree (social business software for the enterprise). SuccessFactors was also named one of Forbes' 'Best Stocks to Watch in 2010,' Fortune's "Tech Stock Trends to Watch for Next 10 Years" as well as 'The Future of Business Software' by InformationWeek in 2009.
"I am honored to be selected from an exceptional list of nominees with tremendous qualifications and accomplishments. It's really an award for the entire SuccessFactors team of nearly 1,000 employees that have built the company to its current success," said Lars Dalgaard, founder and CEO, SuccessFactors. "Together, we are revolutionizing how companies across the globe get work done and get real results and there's not a company or a person in the world who doesn't have a burning need for the insights we can deliver."
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution Suite improves business alignment and people performance to drive breakthrough results for companies of all sizes, anywhere in the world. More than 8 million users and 3,000 companies leverage SuccessFactors every day. To learn more, visit: http://www.successfactors.com/.
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SuccessFactors |
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Dominic Paschel, 415-262-4641 |
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Director of Global Public & Investor Relations |
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SOURCE SuccessFactors, Inc.
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