How SAP is handling the social media explosion
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In September 2009, SuccessFactors introduced the BizX Suite. The suite, which uses the software as a service (SaaS) business model, targets enterprise-class and small and medium-sized businesses. According to SuccessFactors, the BixX Suite promotes cross-organization standardization of strategy by using a set of goal-creation, tracking and educational tools; then, it optimizes employee performance with talent management solutions; and finally, it accelerates business function with insight tools.
The San Mateo, Calif.-based company was founded in 2011 by Lars Dalgaard and went public on the NASDAQ Global Market in 2007 under the stock symbol SFSF. The company's reach spans over 3,000 customers that have 15 million users, are part of 60 industries, and are located in 185 countries. In addition to BizX and industry solutions, SuccessFactors offers professional, educational and support services.