SuccessFactors Acquires Plateau

April 28, 2011 – SuccessFactors, Inc. has entered into a definitive agreement to acquire Plateau, a learning management system. The acquisition forms a symbiotic combination with SuccessFactors' acquisition of social video mobile learning provider Jambok. Customers will now have the ability to further increase employee development and business execution by implementing a social and traditional learning strategy that includes evangelizing internal experts, utilizing easy-to-use video creation and sharing tools, as well as managing, developing, and deploying online, instructor-led and self-study training. “Plateau has been recognized for its traction in SaaS, and technologically. SuccessFactors and Plateau are more alike than any other platforms. We think the fact that Plateau, like SuccessFactors, is built using Enterprise Java, J2EE, also reduces the execution risk and thus, helped make the case for this acquisition a lot more compelling,” said Aaron Au, co-founder and CTO of SuccessFactors. SuccessFactors is a provider of on-demand employee performance and talent management solutions.

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