SuccessFactors has a recipe for business success. The company provides workforce management software designed to help align business strategies, boost employee productivity, and manage development and performance. Its Business Execution Software is a SaaS platform that automates goal planning, progress tracking, and performance reviews. The company sells its software to small to mid-sized businesses and Fortune 500 companies operating in most major industries. It also serves some US government agencies. Its customers have included Capital One, Comcast, Adobe, The Gap, and the DOD. About 80% of sales come from customers in the US. SuccessFactors is a subsidiary of German ERP software company SAP.
Change in Company Type
SAP acquired the company in 2012. SAP bought SuccessFactors for its cloud (SaaS) presence and its complementary human capital management-focused business process software. Prior to the acquisition, SuccessFactors was publicly traded on the NYSE.