BRUSSELS, Belgium, Sept. 7, 2011 /PRNewswire/ -- Barco, a global
leader in the field of display and visualisation technologies, is
set to implement the SuccessFactors, Inc. (NYSE: SFSF) Business
Execution Software (BizX) worldwide to attract,
measure, develop and mobilize its people according to a new
organization and culture. With BizX, Barco has an integrated,
cloud-based platform that will connect all employees worldwide to
manage their HR processes and drive business results.
Barco is in the final phase of its transition strategy to
support its growth and focus on customers. Starting in 2012,
Barco's 3,700 employees will complete their individual goals and
performance reviews using SuccessFactors' Performance and Goal
Management products to support its strategy. In the course of 2012,
all other talent management processes will then be standardised on
the SuccessFactors platform. Managers and employees will be able to
define, review and adjust goals that tie back to company strategy,
as well as easily access employee information, enable career
development, internal mobility, training, compensation and
recruiting to attract, develop and retain the right people. Barco
will also roll out the new SuccessFactors Learning solution
internally as well as open it to partners and customers.
"The talent management suite from SuccessFactors will support us
during the transition that we are currently implementing," says Jan
Van Acoleyen, chief human resources officer for Barco. "In the
final phase of the change plan, we want to reposition Barco for the
coming 10 years and SuccessFactors is helping us achieve that. By
streamlining our entire workforce with our strategy, we can count
on greater involvement from our employees and better operating
results."
As Stefaan Kindekens, chief information officer at Barco,
explains: "We were looking for a solution that would support our HR
business unit in the fastest and most secure manner possible, and
the result of our investigations showed that SuccessFactors offered
by far the most complete solution for achieving that. The BizX
cloud solution has proven to be the most solid in the market with
its functionality, architecture and security."
Peter Prestele, general manager EMEA, SuccessFactors explains,
"We are delighted that Barco, a global leader, renowned for its
highly qualitative products and processes, has chosen our uniquely
positioned BizX Suite, incorporating our leading learning
management capabilities. The integrated solution links seamlessly
to enable Barco to successfully take the next steps in its
corporate transition to reposition itself for the next decade.
Three elements have been defined to achieve this: aligning the
organization with the overall strategy, developing world-class
operations led by world-class people, and enhancing the leadership
and culture. SuccessFactors will play a critical role in supporting
Barco to execute on its strategy, achieving outstanding business
results and delivering real business impact."
About Barco
Barco, a global technology company, designs and develops
visualization solutions for a variety of selected professional
markets: medical imaging, media & entertainment, infrastructure
& utilities, traffic & transportation, defense &
security, education & training and corporate AV.
In these markets, Barco offers user-friendly imaging products
that optimize productivity and business efficiency. Its innovative
hard- and software solutions integrate all aspects of the imaging
chain, from image acquisition and processing to image display and
management. Barco has its own facilities for Sales & Marketing,
Customer Support, R&D and Manufacturing in Europe, America and Asia-Pacific. Barco (NYSE Euronext Brussels:
BAR) is active in more than 90 countries with about
3,500 employees worldwide. Barco posted sales of 897 million euro in 2010.
About SuccessFactors
SuccessFactors is the leading provider of cloud-based Business
Execution Software, which delivers business alignment, team
execution, people performance, and learning management solutions to
organizations of all sizes across more than 60 industries. With
approximately 15 million subscription seats globally, we strive to
delight our customers by delivering innovative solutions, content
and analytics, process expertise and best practices insights from
serving our broad and diverse customer base. Today, we have more
than 3,500 customers in more than 168 countries using our
application suite in 34 languages
Execution Is The Difference™
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Join us for SuccessConnect in Sydney, Aug.
24-25: http://www.successfactors.com/successconnect/
Contact:
For media inquiries:
Andrea Meyer
+1.415.370.7329
ameyer@successfactors.com
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
potential benefits of the acquisition and future growth prospects.
Factors that could cause actual results to differ materially from
those contemplated by these forward-looking statements include: our
ability to retain customers and to experience high customer renewal
rates; whether customers renew their agreements for additional
modules or users; pricing pressures; the uncertain impact of the
overall global economic conditions, including on customers,
prospective customers and partners, renewal rates and length of
sales cycles; the fact that the business execution market is at an
early stage of development, and may not develop as rapidly as we
anticipate; risks related to the integration of the acquisition,
including retaining customers and employees and managing
geographically-dispersed operations; our ability to have on
premises customers convert to a hosted model; competitive factors;
outages or security breaches; our ability to develop, and market
acceptance of, new services; the impact of any discovered product
defects or outages; our ability to continue to sell our services
outside the HR area; our ability to manage our growth; our ability
to successfully expand our sales force and its effectiveness;
whether our resellers and other partners will be successful in
marketing our products; liabilities assumed as a result of the
acquisition; our ability to continue to manage expenses; the impact
of unforeseen expenses, including as a result of integrating
acquisitions; and general economic conditions worldwide. 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
these forward-looking statements is included in the section
entitled "Risk Factors" in our Annual Report on Form 10-K and in
our most recent report on Form 10-Q and in other filings we make
with the Securities and Exchange Commission from time to time.
SOURCE SuccessFactors, Inc.