SAP (NYSE:SAP) announced its $3.4B acquisition of SuccessFactors (NYSE: SFSF) as it seeks to bolster its position in the Cloud and more importantly in the rapidly growing strategic HCM market.Based in San Mateo,CA,USA,SuccessFactors brings over 15 million subscription users from 3,500 customers in 168 countries.The company has 1450 employees and has been one of the SaaS/Cloud darlings of the industry. When completed,SuccessFactors will remain an independent entity renamed, SuccessFactors,an SAP C_TAW12_70 company.Lars Dalgaard, Founder and CEO, SuccessFactors will lead the cloud business for SAP.A quick analysis of the news reveals:
SAP believes the combination of SuccessFactors and SAP will create a comprehensive HCM solution,marrying strength in enterprise applications with people-focused cloud applications.Today,SAP serves the market with a comprehensive and international Core HR and payroll.Other on-premise offerings include talent management,workforce analytics,and shared services delivery.Key offerings from SuccessFactors include areas such as talent management,recruiting management, goal management,performance reviews,and business execution.Further,SAP believes the core SFSF offerings will be an attractive to more than 500 million employees of SAP customers.SAP C_TAW12_70 has 15,000 HCM deployments (not customers) that could benefit from one-stop shopping.
http://www.needking.com/C_TAW12_70.html
http://www.needking.com/SAP-series.html