Baloise Group Selects SuccessFactors to Support Performance and Talent Management

BASEL, Switzerland, March 3 /PRNewswire-FirstCall/ -- SuccessFactors, Inc. (Nasdaq: SFSF) today announced that European insurance and pension specialist, Baloise Group, has selected SuccessFactors to align its global talent management strategy and reduce attrition across the Group.

Headquartered in Basel, Switzerland, the Baloise Group is a European provider of insurance and pension solutions. It positions itself as an insurer with a smart prevention concept, the "Safety World." In Switzerland, the Group operates as a focused financial services provider, offering a combination of insurance and banking services. Known as Basler Versicherung, the Group also has a market presence in Germany, Austria, Belgium (Mercator), Luxembourg, Liechtenstein, Croatia and Serbia. The sales network spans the Group's own sales organization, plus brokers and other partners. Baloise operates its innovative pension plan products business for private customers throughout Europe with its competence centres in Luxembourg and Liechtenstein. Baloise Holding Ltd. shares are listed on the SIX Swiss Exchange, Main Market Segment. The Baloise Group employs some 9,400 people.

"We know talent management has a major impact on bottom-line success, and we wanted to implement a single, global solution across the group to drive performance and financial efficiencies," said Christoph Toma, Head of HR for Baloise Group. "We specifically wanted a cloud-computing based solution because of the flexibility it offers. We spent six months reviewing ten vendors and running intensive evaluations. SuccessFactors is one of the best solutions on the market. It not only meets all of our functional requirements, but it also has a proven track record of delivering financial bottom-line results. In addition to the financial savings, we also want to reduce internal attrition by two percent and gain insight into our highest performing people so we can reward them properly."

The SuccessFactors solutions will be deployed in 2011 in German, English, French, Flemish and Croatian on a module-by-module basis across all countries, starting with Performance Management and ending with Talent Management, Succession Management, Compensation and Calibration by the end of 2011.

Peter Prestele, Vice President of EMEA Enterprise Sales for SuccessFactors, added, "Baloise Group is a great example of a company that understands the significant financial and operational benefits that can be gained by combining business alignment with people performance."

SuccessFactors recently unveiled its cloud-based Business Execution (BizX) Software Suite, which enables companies to bridge the gap between strategy and execution. The Business Execution Software suite empowers the C-level and human resources professionals alike to tie the performance of their people directly to overall business goals and execute more effectively everyday.

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SOURCE SuccessFactors, Inc.