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SuccessFactors to acquire Inform Business Impact
Feb 05, 2010 (Datamonitor Financial Deals Tracker via COMTEX) --
SuccessFactors, Inc., a US-based provider of performance and talent management solutions, has entered into a definitive agreement to acquire Inform Business Impact, a provider of business analytics and workforce planning software, for a total consideration of $40.5 million. Both the companies are based in the US.
Under the terms of the agreement, SuccessFactors will pay $25.5 million in cash and approximately $15 million in SuccessFactors common stock, with additional contingent consideration payable based on the fulfillment of continuing employment and the achievement of specified growth targets.
The acquisition is expected to close in the third quarter of 2010.
Deal Value (US$ Million) 40.5
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2010-02-04
Deal Participants
Target (Company) Inform Business Impact
Acquirer (Company) SuccessFactors, Inc.
Deal Rationale
The acquisition enables SuccessFactors to offer business analytics and workforce planning as part of a comprehensive business execution software suite. The transaction also boosts SuccessFactors' business execution software with the addition of Inform's 100% cloud-based software and expertise.
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