Granite Global Ventures

Granite Global Ventures

  • 2494 Sand Hill Road Suite 100
  • Menlo Park, California
  • 94025

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SUCCESSFACTORS RAISES $45 MILLION TO CONTINUE FUELING CUSTOMER-FOCUSED, TRIPLE-DIGIT GROWTH SAN MATEO, Calif. - May 22, 2006 - SuccessFactors, Inc., the global leader in on-demand software for human capital management, today announced that it has raised $45 million in additional capital to fund continued business expansion and maintain its 100-plus-percent growth rate in sales, customers and users through 2006 and beyond."Five years ago, we launched SuccessFactors with the belief that secure hosted applications would become the dominant delivery model for human capital management -- making it extremely easy to use on a global basis for organizations of every size," said Lars Dalgaard, SuccessFactors founder, president and CEO. "We pioneered this space and evangelized this model, and continue to dominate the market through an intense commitment to customer success. We believe in Performance not Politics, and we won't rest until every employee in the world knows his or her job expectations, and every manager knows how to get the best out of his or her team."Successfactors has added 127 customers in the first five months of 2006 alone, after adding nearly 200 in 2005, bringing the total customer count to over 500. The SuccessFactors suite is in active use by over 1.5 million on-demand subscribers, making it one of the most widely- deployed hosted applications in the world today. The SuccessFactors on-demand suite has proven that enterprise-class software can be quickly deployed to employee bases of all sizes and adopted broadly across the entire organization:

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