SAN MATEO, Calif., Oct. 14 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that Perfect Timing, a Sun Capital Partners portfolio company, has purchased SuccessFactors' small business offering, Professional Edition (PE), to bring accountability to the forefront of its organization and ensure alignment across two continents.
"The culture at Perfect Timing matters to us, and we're adopting a more transparent, performance-based environment by partnering with SuccessFactors," said Brian Wargula, vice president of operations, Perfect Timing.
Headquartered in Waukesha, WI and with locations in Irvine and Modesto, CA as well as Shenzhen, China, Perfect Timing is a leading supplier of high-quality calendars, stationary, specialty gifts and back-to-school products in North America and abroad. With three distinct brands (Lang, Avalanche and Turner Licensing), as well as proprietary relationships and licensing agreements with world-renowned artists, leading sports organizations and other high profile licensors, Perfect Timing delivers innovative and exclusive products for every age, interest and taste.
Coming out of bankruptcy and into new ownership from Sun Capital, a leading private equity firm with over 85 portfolio companies, in October 2009, the company put a strong emphasis on realigning the organization and creating a more performance-based culture across all levels and departments. Perfect Timing turned to SuccessFactors to focus on increasing employee accountability, business alignment and enabling transparency into how the organization performs as a whole.
The fifth Sun Capital company to become a SuccessFactors customer, following Hanna Andersson, Friendly Ice Cream Corporation, Fazoli's Restaurants and Pop Displays USA, Perfect Timing went live with Goal Management in July and will roll out Performance Management in 2011. The company will leverage SuccessFactors to adopt a performance-based culture to increase accountability and monitor progress throughout the organization in order to maximize productivity.
"We've realigned the culture of Perfect Timing over the past year to create an environment where all employees are truly accountable for their work," said Wargula. "SuccessFactors is providing the tools we need to ensure everyone is working toward the right things every day. The BizX Suite is empowering us to better align our employees and provide valuable insight to ensure optimal performances across all departments and levels."
Designed specifically for small and mid-sized organizations, SuccessFactors Professional Edition provides the same insights and expertise relied upon by large enterprise customers tailored to the specific needs of SMB companies. The on-demand architecture of SuccessFactors' BizX Suite enables SMBs to implement the technology within days and without the need for extensive IT support. Further, the easy-to-use, cost-effective Web-based solutions allow companies to add users and functionality as needed to meet their growing needs.
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 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.
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Dominic Paschel, 415-262-4641
Director of Global Public & Investor Relations
SOURCE SuccessFactors, Inc.