SAN MATEO, Calif., Nov. 10, 2010 /PRNewswire/ -- Today, SuccessFactors, Inc. (Nasdaq: SFSF) announced that department and specialty retailer, Stein Mart, Inc. (Nasdaq: SMRT) has deployed the SuccessFactors Business Execution (BizX) Software Suite to ensure overall business goal alignment and performance management. Stein Mart has deployed SuccessFactors Goal Management and Performance Management modules to 1,000 users in their store operations, field operations and corporate departments.
"As a company, we are always looking for ways to make sure our employees are aligned with our overall business goals," said Hunt Hawkins, executive vice president and chief administrative officer of Stein Mart. "SuccessFactors Business Execution Suite engages everyone in the organization. It lets people know that what they are working on has an impact on the company, and shows them how that makes a difference."
Prior to deploying SuccessFactors Business Execution Software, Stein Mart used an internal tool for their people and goal management processes. Over time, the utilization of this internal tool was found to not fully meet the needs of its employees. Therefore, Stein Mart sought out a new solution.
"What set SuccessFactors apart was the flexibility of their solutions. We didn't want to overwhelm everyone with an entirely new process, and SuccessFactors was able to tailor their offering in a way that helped our employees both to communicate and to make sure they work on the right task," said Caroline Sudhoff, director of human resources for Stein Mart. "SuccessFactors are the experts. They offered a more robust product at a lower cost than our previous solution."
About Stein Mart, Inc.
Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to Massachusetts, Stein Mart's focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, gifts, linens and shoes.
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 YouCalc, 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.
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SuccessFactors |
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Dominic Paschel, 415-262-4641 |
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Director of Global Public & Investor Relations |
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SOURCE SuccessFactors, Inc.
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