Subscribe to the Press Releases RSS feed.Performance and Talent Initiative Targeted to Enhance Corporate Visibility, Expand Talent Pool in Key Job Functions and Increase Corporate Bench Strength
SAN MATEO, Calif. - August 18, 2006 - SuccessFactors, Inc., the leader in on-demand performance and talent management solutions, today announced that Avnet, Inc. (NYSE: AVT), has chosen SuccessFactors as the technology backbone for its on-demand performance and talent management initiatives. Avnet's initial implementation of SuccessFactors' technology will cover more than 5,600 employees, with plans to extend it to its entire 11,000-person workforce. The technology will improve Avnet's visibility into its talent pool, helping the company realize its diversity objectives, provide tools for succession planning and achieve its business goals.
Avnet, one of the world's largest distributors of electronic components and computer products, chose to replace the technology solution previously in place throughout their organization due to the lack of overall functionality and cumbersome user interface. The company chose to work with SuccessFactors based on technology breadth, depth, and ease of use, as well as the company's clear commitment to customer success.
We can't afford to have blind spots in our workforce," says Ken Arnold, IT director for Avnet's corporate services group. "SuccessFactors' technology gives us 20/20 vision. We'll be able to quickly assess our resources throughout the company to ensure the right people are in the right place to help us achieve our vision."
"More and more, companies are realizing that performance management technology has a strategic impact on how a company can be run and the positive effect it can have on their customers," said Lars Dalgaard, SuccessFactors founder and CEO. "By implementing SuccessFactors, Avnet will be able to leverage an on-demand software solution that has proven its worth with customers as large as Kimberly-Clark Corporation and as small as a 5 person company. I am confident that Avnet will be able to achieve quick and measurable wins through their SuccessFactors implementation."
About Avnet, Inc.
Avnet, Inc. (NYSE: AVT), is one of the world's largest B2B distributors of semiconductors, interconnect, passive and electromechanical components, enterprise network and computer equipment, and embedded subsystems from leading manufacturers. Serving more than 100,000 customers in 70 countries, Avnet markets, inventories and adds value to these products, and provides supply chain management and engineering services.
About SuccessFactors
SuccessFactors delivers performance and talent excellence, on demand. The company's software, available in 16 different languages, 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 to support more than 600 customers and 1.8 million users in 134 countries around the world. Customers include MasterCard International, British Telecom, Textron, Salesforce.com, Cooper Tire & Rubber Company, Volkswagen of North America, Reebok, Pep Boys, Lancaster General Hospital and Grant Thornton. The company has achieved a global industry leading, scalable and secure hosting operation. Founded in 2001, SuccessFactors has multiple worldwide offices collaborating for strong local support of customers. For more information, visit http://www.successfactors.com or call +1 800 809-9920.