SuccessFactors Announces Intent to File Registration Statement for Underwritten Common Stock Offering

SAN MATEO, Calif.--(BUSINESS WIRE)--SuccessFactors, Inc. (Nasdaq:SFSF), the global leader in on-demand performance and talent management solutions, today announced that the company intends to file a registration statement with the Securities and Exchange Commission for an underwritten offering of up to 7,500,000 shares of its common stock, which will include shares to be sold by SuccessFactors and shares to be sold by existing stockholders of SuccessFactors.

SuccessFactors and the selling stockholders have not yet made a final determination regarding the aggregate size of the offering, but will do so based on market conditions and other factors at the time of the offering. However, no assurance as to whether or when the offering will be completed or its exact size can be given.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein. No registration statement relating to the securities described above has yet been filed with the Securities and Exchange Commission. These securities, if registered, may not be sold nor may offers to buy be accepted prior to the time the proposed registration statement becomes effective.

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 over 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.