SuccessFactors Business Execution Software Supports Global Strategy of Barco
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.”
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.
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
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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.