Bankwest: SuccessFactors Will Drive Informed Decisions

SYDNEY, Oct. 5 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that Bankwest (Bank of Western Australia), a wholly-owned subsidiary of the Commonwealth Bank of Australia with over 900,000 customers nationwide, has selected SuccessFactors to optimize workforce performance and productivity as well as to provide executives and managers with the data they need to maximize business results.

With 5,000 employees across Australia, Bankwest needed a solution to enhance its workforce reporting. The company also needed to leverage its existing human capital data and enable human resources to provide a more comprehensive, data-driven service to the Bankwest organization. After being acquired by Commonwealth Bank in October 2008, Bankwest has undergone significant company transformation in the past few years. Bankwest purchased SuccessFactors' Workforce Analytics to not only consolidate reporting across a number of existing systems, but also to provide highly relevant and tailored information to business decision makers. Bankwest will implement SuccessFactors to empower employees to work as one team across its entire population by gaining insight into workforce performance and making robust data more actionable.  

"SuccessFactors understands the importance of unification across our company and empowering an organization to work as one team," said Jo McMahon, MI manager, operations & systems, human resources, Bankwest. "SuccessFactors' solution including pre-defined metrics will deliver immediate insight into our workforce and will give us the platform for managing our business today and making sure we're ready to meet the changing needs of the business."

"Bankwest is an excellent example of a forward-thinking financial institution that continues to develop innovative internal processes and fortify its infrastructure for the years ahead," said Murray Sargant, vice president, APAC enterprise sales, SuccessFactors. "SuccessFactors will provide Bankwest actionable data and insights to help align their organization for the future and ensure they have the workforce with the right skills, in the right place to flawlessly execute on their business strategies."

About Bankwest

Bankwest is a wholly-owned subsidiary of the Commonwealth Bank (Group). Bankwest is a full service bank which originated in Western Australia in 1895 and services more than 900,000 customers. Bankwest promotes a range of products using cost-effective direct and third party distribution channels, including 24-hour telephone and internet services and mortgage brokers. In WA, Bankwest is a market leader with about one quarter of all bank advances and deposits and an extensive network of branches. Standard & Poor's short-term credit rating for Bankwest is "A-1+" and "AA" for the long term, providing customers with investment grade security.

About SuccessFactors, Inc.

SuccessFactors is a 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 solutions that 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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"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995:

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 product strategy and performance, customer usage, expected benefits and implementation. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: unexpected delays in implementation; unexpected bugs or defects; outages or security breaches; user acceptance levels of the application; or our ability to manage our growth. 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.

These documents are or will be available in the SEC Filings section of the Investor Relations section of our website at www.successfactors.com/investor. Information on our website is not part of this release.

SOURCE SuccessFactors, Inc.

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