SuccessFactors Announces Gross Proceeds of $215 Million

* Reuters is not responsible for the content in this press release.

Fri Oct 23, 2009 8:05am EDT 

SAN MATEO, Calif., Oct. 23 /PRNewswire-FirstCall/ -- Today, SuccessFactors,
Inc. (Nasdaq: SFSF) announced the underwriters of its previously-announced
public offering exercised their option to purchase an additional 1,800,000
shares of its common stock in full.


(Logo:  http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO)


On Tuesday, October 20th, SuccessFactors announced a public follow-on offering
of 12,000,000 shares of its common stock at $15.50 per share.  Taking into
account the full exercise of the option to purchase additional shares, total
gross proceeds are expected to be approximately $215 million.  The offering is
expected to close on October 26, 2009.


The offering was made solely by means of a prospectus supplement and
accompanying prospectus.  This press release does not constitute an offer to
sell or the solicitation of an offer to buy securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction. 


A registration statement relating to the common stock referred to in this
press release was filed with, and has been declared effective by, the
Securities and Exchange Commission.  Goldman, Sachs & Co., Deutsche Bank
Securities and Morgan Stanley & Co. Incorporated are serving as the joint
bookrunners of this offering and Lazard Capital Markets and UBS are serving as
co-managers.  A copy of the final prospectus supplement and accompanying
prospectus relating to this offering may be obtained by contacting Goldman,
Sachs & Co., 85 Broad Street, New York, NY 10004, Attn: Prospectus Department,
by calling 866-471-2526, or by emailing prospectus-ny@ny.email.gs.com; from
Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey 07311,
by calling 800-503-4611; or from Morgan Stanley & Co. Incorporated, Attention:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014,
telephone: (866) 718-1649, or by emailing prospectus@morganstanley.com.


About SuccessFactors, Inc. 
SuccessFactors is the global leader in Business Execution Software.  The
SuccessFactors Business Execution Suite improves business alignment and people
performance for companies of all sizes.  More than 5 million users and 2,800
companies use SuccessFactors every day. 


    Contact
    SuccessFactors
    Dominic Paschel, 415-262-4641
    Director of Public & Investor Relations
    dpaschel@successfactors.com





SOURCE  SuccessFactors, Inc.

Dominic Paschel, Director of Public & Investor Relations of SuccessFactors,
Inc., +1-415-262-4641, dpaschel@successfactors.com
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