Deutsche Borse Welcomes SuccessFactors, Inc. as First Business to be Listed on NYSE, Euronext Paris and the Frankfurt Stock Exchange, the Second US Company in Prime Standard
FRANKFURT, Germany, July 29, 2011 /PRNewswire via COMTEX/ -- Today trading commenced in the common shares of SuccessFactors, Inc. (NYSE: SFSF) in the Prime Standard segment of the regulated market at the Frankfurt Stock Exchange (FWB). SuccessFactors is the first company to be listed on NYSE, Euronext Paris and the Frankfurt Stock Exchange, and the second US business ever to be listed in the Prime Standard.
SuccessFactors is the world's leading provider of cloud-based business execution software. The company delivers business alignment, team execution, people performance, and learning management solutions to more than 3,500 customers in more than 168 countries in 34 languages. The company transferred the listing of its common stock from NASDAQ to the New York Stock Exchange (NYSE) and NYSE Euronext in Paris on 19 July 2011.
"We are happy to welcome SuccessFactors, Inc. in the Prime Standard. By being listed in the Prime Standard, the company fulfils advanced transparency requirements throughout Europe, thus also enhancing its visibility to international investors", says Alexander Hoptner, head of market services at Deutsche Borse.
"It is a dream come true for SuccessFactors to be the first triple listed technology company on the New York, Paris, and now Frankfurt Stock Exchanges. We welcome Europeans to have easier access to invest in our growth and value creation for our clients, certain investors cannot invest outside of Europe and they can now also invest in SuccessFactors as we are locally traded on both Frankfurt Stock Exchange and Euronext in Paris," said Lars Dalgaard, founder and CEO, SuccessFactors. "Germany is one of the top global economies and one of the consistently leading economies in Europe, and has been for as long as I remember. Over the past 10 years SuccessFactors' growth in Germany has been exceptional and company defining, and still the country continues to be a powerhouse of growth for us. We are as focused on Germany as if we were born here and I have personally had a residence and worked in Germany four times in my life. We have many exceptional and extraordinary Germans working for SuccessFactors, and we expect to be the biggest cloud business application company in Germany. All of these factors made it is obvious that we wanted to be listed on the Deutsche Borse."
"We will be one of just two software companies listed here that offer a suite of core HRIS, and all talent management applications, from recruiting, performance feedback, social-collaboration, compensation, succession software and work force analytics," Dalgaard continued. "Our German customers and partners are global brands that define business and excellence. To me personally, but most importantly to our company, the German market, as part the world's biggest opportunity in Europe, is where SuccessFactors will continue to invest."
SuccessFactors, Inc. is this year's 16th new entry to the Prime Standard. The regulated market of the Frankfurt Stock Exchange (FWB) hosts 356 companies in the Prime Standard and 280 companies in the General Standard in all. The number of companies in the Entry Standard, the market segment for small and medium-sized enterprises in the open market, is 135.
About SuccessFactors, Inc.
SuccessFactors is the leading provider of cloud-based Business Execution Software, which delivers business alignment, team execution, people performance, and learning management solutions to organizations of all sizes across more than 60 industries. With approximately 15 million subscription seats globally, we strive to delight our customers by delivering innovative solutions, content and analytics, process expertise and best practices insights from serving our broad and diverse customer base. Today, we have more than 3,500 customers in more than 168 countries using our application suite in 34 languages.
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