ITOCHU Corporation Selects SuccessFactors to Accelerate Business Results
TOKYO, Aug. 30 /PRNewswire/ — Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that ITOCHU Corporation, a leading global Japanese trading organization with approximately 150 overseas bases in 74 countries, has selected SuccessFactors to align its talent and provide its executives greater visibility across the global organization.
SuccessFactors and ITOCHU’s subsidiary, CAPLAN Corporation, a general human resources and outsourcing company, have also entered into a reseller agreement, making CAPLAN SuccessFactors’ first SuccessSales Partner among Japanese general trading companies. This partnership will help deliver business alignment and people performance via the SuccessFactors Business Execution (BizX) Suite to mid-market and enterprise Japanese companies, as well as ITOCHU’s 700-plus subsidiaries, by helping them align employees to their corporate strategy, arming them for success and inciting them to reach their potential.
ITOCHU is one of many implementations and partnerships SuccessFactors has kicked off in Asia Pacific recently, as SuccessFactors has seen tremendous growth and market momentum in the region, with a compounded annual growth rate of 168 percent over the last five years.
At ITOCHU, SuccessFactors will initially be implemented as a pilot project consisting of 2,000 users across ITOCHU and including CAPLAN, with future plans of rolling out the solution to 300,000 users in the next three years through collaboration with ITOCHU’s global subsidiaries. At CAPLAN specifically, the BizX Suite will be utilized to efficiently carry out strategic allocation of human resources following the recent October merger of two JAL Group companies.
With the effects of globalization, Japan’s business culture is shifting to include corporate activities abroad, emphasizing the importance of strategic human resources management. To gain better visibility in ITOCHU’s numerous overseas operations, they developed a project called “Frontier( )2010,” a mid-term management strategy to establish a global talent database along with a succession management system. SuccessFactors BizX solution will be the single platform for ITOCHU’s internal global talent management strategy.
“We know talent management has a major impact on bottom-line success, and we wanted to implement a single, global solution to drive talent strategy, performance and financial efficiencies across our organization,” said Tomohito Arai, general manager, IT Business Development, ITOCHU. “We specifically wanted a cloud-based solution because of the flexibility it offers. SuccessFactors is the leading solution on the market, not only meeting all of our functional requirements, but also having a proven track record of impacting the bottom line. In addition to the financial savings, we want to gain insight into our highest performing people so we can reward them properly. We are partnering with SuccessFactors to provide this leading BizX solution to mid-size and enterprise Japanese companies across the region.”
Murray Sargant, vice president of APAC sales, SuccessFactors, added, “ITOCHU is a great example of a global organization that understands the significant financial and operational benefits that can be gained by combining business alignment with people performance. We are extremely excited about also welcoming ITOCHU as a customer and a valued alliance partner.”
The history of ITOCHU Corporation dates back to 1858 when the Company’s founder Chubei ITOCHU commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years. With 150 overseas bases in 74 countries, ITOCHU, is one of the leading sogo shosha, and is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas. Visit: http://www.itochu.co.jp/en/
About SuccessFactors, Inc.
SuccessFactors is the global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite, which is delivered through the cloud, improves business alignment, team execution and people performance to drive results for companies of all sizes. Across 168 countries and 34 languages, more than 8 million users and 3,000 companies leverage SuccessFactors every day, up from approximately 300,000 users and 100 companies in 2003. BizX bridges the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors’ recent acquisitions of Inform and CubeTree supplement SuccessFactors’ core BizX strategy with integrated solutions that directly align with SuccessFactors’ mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: www.successfactors.com.
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