Subscribe to the Press Releases RSS feed.Ten-Person Glynn Capital Management Uses SuccessFactors to Enjoy Same Benefits of Being
SAN MATEO, Calif. - May 17, 2007 - SuccessFactors, the global leader in on-demand
performance and talent management solutions, today announced that Glynn Capital
Management has rolled out SuccessFactors Performance and Talent Management Suite
to all 10 of its company employees.
While most SaaS vendors are solely focused on large deployments to massive enterprises,
the Glynn Capital announcement demonstrates the value that SuccessFactors' on-demand
software delivers to companies of all sizes across dozens of industries and
underscores SuccessFactors' commitment to offering small businesses the same
valuable software support and enterprise level functionality as large enterprises
such as SuccessFactors customers Wachovia, Kimberly-Clark and MasterCard Worldwide.
The announcement comes on the heels of SuccessFactors' April 18th announcement
of one of the largest enterprise SaaS deployments ever made public - an 85,000-seat
deployment at Wachovia, the fourth-largest bank holding company in the U.S.
Glynn Capital Management is a Menlo Park, Calif.-based venture capital and investment
firm dedicated to backing innovative technology and life science companies.
SuccessFactors' automated performance review process helps this 10-person company
perform as efficiently as an organization twice its size by providing an effective,
automated employee performance management process, eliminating the hassles of
paper-based review process and helping to maximize employee productivity.
"As a small business, our people are very busy and wear a lot of hats. Bringing
SuccessFactors on board helps us communicate better and set aside time to align
company priorities among our team so we can focus on their performance in relation
to our company goals. SuccessFactors helps us objectively and efficiently measure
and reward our employees' hard work," said Vivian Loh Nahmias, chief financial
officer at Glynn Capital. "We're a small company, but that doesn't mean we expect
anything less from our software. SuccessFactors, through its Web-based software,
simplifies our business while also helping us get the most from our team."
"While the media and analyst community likes to cover the scope of SaaS deployments
and adoption by large enterprises, a lot of them are missing the true heart
of American business - the 6 million small businesses in this country that also
have to compete in the face of stiff competition and a tight labor pool," said
Shelly Davenport, general manager of the small business unit at SuccessFactors.
"The important question that pundits should be debating is, 'How small is our
SaaS?' At SuccessFactors, we ask ourselves, 'How do we help the millions of
small businesses become more productive and maximize the contributions and talent
of each of their employees?' By being 'On SuccessFactors,' businesses of all
sizes can make our technology a key driver of growth and performance."
SuccessFactors CEO Lars Dalgaard added, "It's magical to see companies with
three to 25 employees, that are the fabric of countries worldwide, the foundation
of the business economy, those which blow wind into the sails of financially
prosperous societies, are able to quickly, easily, affordably and rigorously
drive accountability in their talent and performance management."
SuccessFactors on-demand software helps small businesses everywhere to align
goals, measure real performance, increase the quality of employee reviews and
feedback, manage compensation and report across performance management processes,
while promoting visibility, accountability and results within an organization.
About SuccessFactors
SuccessFactors delivers performance and talent excellence, on demand. The company's
software promotes visibility, accountability and results, enabling organizations
to eliminate the politics that destroy motivation and impede performance. Fueled
by the industry's highest renewal rate, SuccessFactors has grown in the past
12 months from 346 customers to over 1,300 customers and from 1 million users
to over 2 million users in 156 countries, across 60 industries, and in 18 languages
- all while becoming easier to use. During that period, the company nearly doubled
its employee base, currently employing over 450 people, passionate about effective
human capital management. Carefully managed and executed internal growth has
allowed the company to provide the same caliber of absolute excellence in execution
for customers that catapulted SuccessFactors into the product, customer and
revenue leader in the performance and talent management space. Customers include
Kimberly-Clark Corporation, MasterCard Worldwide, Textron, Sutter Healthcare,
Direct Energy, Quintiles Transnational, Volkswagen of North America, Lancaster
General Hospital and Salesforce.com. The company continues to execute at a level
of global excellence by providing an industry-leading, scalable and secure global
hosting operation. Founded in 2001, SuccessFactors has 15 worldwide offices
collaborating for strong local support of customers. For more information, visit
http://www.successfactors.com.