SuccessFactors' CEO Lars Dalgaard Wins Ernst & Young 2008 Entrepreneur Of The Year...

Tue Jun 24, 2008 8:00am EDT
 
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SuccessFactors' CEO Lars Dalgaard Wins Ernst & Young 2008 Entrepreneur Of The Year Award

SAN MATEO, Calif.--(Business Wire)--
SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand
performance and talent management solutions, today announced that CEO
and founder Lars Dalgaard was named winner of the 2008 Ernst & Young
Entrepreneur Of The Year Award in Northern California in the
Software-as-a-Service category.

   Dalgaard was selected a winner from an extraordinary pool of 27
finalists that were culled from more than 90 nominations of business
leaders by a panel of independent judges. The awards, which recognize
entrepreneurs who demonstrate extraordinary success in the areas of
innovation, financial performance and personal commitment to their
businesses and communities, were announced at a ceremony on Saturday,
June 21st at the Fairmont Hotel in San Francisco.

   Under Dalgaard's leadership, SuccessFactors has achieved a
compound annual growth rate of 98% over the past four years, and is
currently one of the fastest growing publicly-traded software
companies. SuccessFactors has helped customers experience success in a
matter of weeks, growing their top line sales by helping them manage
their people better - something that is needed in both easy and
challenging markets. With more than 1,950 customers globally and over
3.7 million users, and with deployments from single-digit users to
more than 300,000 - among the world's largest mega-enterprise SaaS
deployments - SuccessFactors delivers an on-demand performance and
talent management suite, which includes recruiting management, goal
management, succession planning, learning and development,
compensation planning, and analytics and reporting applications, to
help enterprises revolutionize their workforce. By providing deep,
real-time, company-wide visibility into such critical performance
data, companies are able to make better, more informed decisions about
how to promote, recruit, compensate, reward and manage their entire
employee base.

   "It was a very select and tough field of finalists, with
exceptional backgrounds, accomplishments, and companies, and the
dedication of their teams and their execution was impressive.
SuccessFactors' passion for measurable customer success, our 'no-jerk'
policy and financial progress in building what we hope to be one of
the world's long term significant cash machines, gave our customers,
investors, and colleagues the win," Dalgaard said. "What an honor to
win this award as a first time finalist. We are on a quest to change
the world, and are at the beginning of creating what we think is a
$16B global category. SuccessFactors has the chance to literally
change the way the world works for the better, drive global
productivity up, and manage companies with more visibility, passion,
heart and mutual accountability, while driving top and bottom line
growth."

   About Ernst & Young's Entrepreneur Of The Year

   Ernst & Young's Entrepreneur Of The Year is the world's most
prestigious business award for entrepreneurs. The award makes a
difference through the unique way it encourages entrepreneurial
activity among those with potential and recognizes the contribution of
people who inspire others with their vision, leadership and
achievement. As the first and only truly global award of its kind,
Ernst & Young Entrepreneur Of The Year celebrates those who are
building and leading successful, growing and dynamic businesses,
recognizing them through regional, national and global awards programs
in more than 135 cities in 50 countries.

   About Ernst & Young

   Ernst & Young is a global leader in assurance, tax, transaction
and advisory services. Worldwide, our 130,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider
communities achieve potential. For more information, please visit
www.ey.com.

   About SuccessFactors, Inc.

   SuccessFactors is the leading provider of on-demand employee
performance and talent management solutions that enable organizations
of every size, across every industry and geography, to achieve
high-performing workforces by enabling goal alignment and execution,
talent development and planning, and pay-for-performance initiatives.
SuccessFactors currently has more than 1,950 customers across more
than 60 industries, with more than 3 million end users in over 156
countries using the application in 22 languages. Founded in 2001 with
offices around the world, the company employs more than 700 people,
all passionately focused on revolutionizing the future of work. For
more information, visit: http://www.successfactors.com.

   "Safe harbor" statement under the Private Securities Litigation
Reform Act of 1995:

   This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These forward-looking
statements are SuccessFactors' current expectations and beliefs.

   These forward-looking statements include statements about market
size and demand for our products. Factors that could cause actual
results to differ materially include: our ability to continue to
experience high customer renewal rates; whether customers renew their
agreements for additional modules or users; levels of new customers;
pricing pressures; the fact that our market is at an early stage of
development, and it may not develop as rapidly as we anticipate;
competitive factors; outages or security breaches; our ability to
develop, and market acceptance of, new services; our ability to manage
our growth; our ability to improve our internal controls; our ability
to successfully expand our sales force and its effectiveness; our
ability to continue to manage expenses; the impact of unforeseen
expenses; and general economic conditions. If any such risks or
uncertainties materialize or if any of the assumptions proves
incorrect, our results could differ materially from the results
expressed or implied by the forward-looking statements we make.

   Further information on these and other factors that could affect
our financial results is included in the section entitled "Risk
Factors" in our Annual Report on Form 10-K for 2007 and in the reports
on Form 10-Q and in other filings we make with the Securities and
Exchange Commission from time to time.

   These documents are or will be available on the SEC Filings
section of the Investor Relations section of our website at
http://www.successfactors.com/investor.

   SuccessFactors, Inc. assumes no obligation and does not intend to
update these forward-looking statements, except as required by law.

SuccessFactors
Dominic Paschel, 650-645-4474 (Investor Relations)
dpaschel@successfactors.com
Jesse Odell, 415-625-8555 (Public Relations)
successfactors@launchsquad.com

Copyright Business Wire 2008

 

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