SuccessFactors Records Banner Year; Surpasses Half Million User Milestone.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Year Concludes with 34 New Q4 Customer Wins; 97% Renewal Rate From Existing Customer Base
SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that 2004 had proven to be a landmark year for the company in terms of customer wins, customer usage and technology expansion. Citing customers wins with industry leaders including Dow Jones Dow Jones
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n. 1. (Zool.) The peele. , and General Motors, SuccessFactors shared that fourth quarter activity resulted in the addition of 34 new customers to the company's roster as well as an approximate 97% renewal rate from the company's existing customer base. During the last quarter of 2004, SuccessFactors also announced the general availability of their newest, industry-defining Compensation Planning and Succession Planning Management Succession Planning
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — applications.
The fourth quarter customer wins spanned multiple industries and added over 172,000 new licensed users to the over half million user mark. The partial list of Q'4 wins includes: Brass Ring brass ring
An opportunity to achieve wealth or success; a prize or reward: "missed the brass ring of American success" Lewis H. Lapham.
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The SuccessFactors Workforce Performance Management Suite is composed of distinct capabilities, all of which are fully integrated. Its ease-of-use and rapid deployment features allow customers to solve immediate needs by getting to productive events in record time. The entire suite is highly scalable and modular, allowing customers to add new modules when they're ready - "on demand."
"Our customers dictate the rate at which SuccessFactors can grow, said Lars Dalgaard, SuccessFactors CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our extremely high customer renewal rate combined with our marquee customer wins tells us that we are succeeding in our goal to help customers rapidly align, develop, motivate and maintain a high performance workforce."
With the highest renewal rate in the industry, SuccessFactors is the established global leader in providing on-demand, Web-based, integrated Workforce performance management solutions. SuccessFactors was founded in 2001 to deliver software and solutions that help companies implement effective Workforce performance management strategies that align employee performance with bottom-line business results. The company has over 600,000 users from more than 200 highly satisfied customers across all industry sectors, including Textron, Cooper Tire & Rubber Company, Mastercard, Informatica, MeadWestVaco, PG&E, Lancaster General Hospital, Samsung, Riggs Bank, Grant Thornton, Friendly's Ice Cream and HP Hood. SuccessFactors is headquartered in San Mateo, CA. and has multiple worldwide offices. The applications are being used in 60 countries and in multiple languages.
SuccessFactors is a trademark of Success Acquisition Corporation, d.b.a SuccessFactors and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
For more information, visit www.successfactors.com or call 1-800-809-9920.