SAN MATEO, Calif., Oct. 27, 2011 /PRNewswire/ -- The SuccessFactors Foundation today announced it has expanded its philanthropic fund with a six-figure donation from SuccessFactors Inc. (NYSE: SFSF) that will fuel the organization's mission to empower the world's future leaders. In addition, the Foundation has donated $200,000, half of which came directly from SuccessFactors employees, to assist with the relief, recovery and rebuilding efforts in Japan following the earthquake and tsunami that struck in March. Moreover, the SuccessFactors Foundation announced it has partnered with Junior Achievement of Northern California (JA) to host a JA Social Innovation Camp in November, which will give Bay Area high school students the opportunity to practice business skills in an entrepreneurial learning environment.
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"The SuccessFactors Foundation recognizes that today's youth are the future leaders of tomorrow's workforce. We are committed to empowering future leaders around the world by bridging the gap between dreams and achievement," said Jane Kim, senior manager of business operations and leader of the SuccessFactors Foundation global initiative. "We align and coordinate our time, technology, and resources to organizations involved in communities globally, in striving toward our mission to make dreams achievable."
Donation to Japan Disaster Relief Efforts
The SuccessFactors Foundation matched individual SuccessFactors employee donations and donated more than $200,000 to the relief efforts. The corporate matching funds will go to two aid organizations chosen for their critical impact on ongoing, on-the-ground support in Japan. Mercy Corps in partnership with Peace Winds Japan have delivered supplies and support to more than 42,000 displaced survivors and continue to aid in the psychological and economic recovery in tsunami-devastated cities. The Central Community Chest of Japan mobilized efforts in response to the disaster and provides supplies, volunteers, funding and support to the areas most affected in the region.
SuccessFactors Foundations Hosts JA Social Innovation Camp
In addition to its financial donations, the SuccessFactors Foundation has partnered with Junior Achievement of Northern California (JA) to host a JA Social Innovation Camp, an innovative method of empowering youth to own their future career and economic success. The JA Social Innovation Camp will be held on Nov. 16, 2011, in San Mateo, Calif., to provide 60 Bay Area high school students with an entrepreneurial and collaborative learning experience that will foster the students' business innovation skills as they work to solve a hypothetical social challenge. The students will have the opportunity to work together in teams and with the support of SuccessFactors volunteers to find a creative and innovative business solution to a social challenge. The teams will present to a panel of judges and winning teams will be selected to receive a prize.
About the SuccessFactors Foundation
The SuccessFactors Foundation is a Corporate Social Responsibility (CSR) program designed to support the issues that have special meaning for the company's employees, customers and partners. Launched in May 2011, the SuccessFactors Foundation has made international disaster relief support part of its ongoing commitment to the global community. In addition to fundraising, many SuccessFactors employees are active volunteers, supporting organizations such as the Boys and Girls Club of Boston, Communities in Schools of Arlington, VA; the Heart Foundation of Australia; the Ashanilaya Orphanage in Bangalore, India; the Leukemia and Lymphoma Society; Junior Achievement, a non-profit organization that inspires and prepares young people to succeed in a global economy by offering them hands-on curriculum delivered by a trained volunteer in classrooms throughout the U.S.; and the Ashoka Youth Venture Program, an international network of young change-makers who are taking initiative and developing solutions to social issues, in order to drive positive impact on the global society.
About SuccessFactors Inc.
SuccessFactors is the leading provider of cloud-based Business Execution Software, and delivers business alignment, team execution, people performance, and learning management solutions to organizations of all sizes across more than 60 industries. With approximately 15 million subscription seats globally, we strive to delight our customers by delivering innovative solutions, content and analytics, process expertise and best practices insights from serving our broad and diverse customer base. Today, we have more than 3,500 customers in more than 168 countries using our application suite in 34 languages.
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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 future growth prospects, financial results and benefits of acquisitions. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to retain customers and to experience high customer renewal rates; whether customers renew their agreements for additional modules or users; pricing pressures; the uncertain impact of the overall global economic conditions, including on customers, prospective customers and partners, renewal rates and length of sales cycles; the fact that the business execution market is at an early stage of development, and may not develop as rapidly as we anticipate; risks related to the integration of the acquisitions, including retaining customers and employees, unforeseen liabilities and managing geographically-dispersed operations; competitive factors; outages or security breaches; our ability to develop, and market acceptance of, new services; the impact of any discovered product defects or outages; our ability to continue to sell our services outside the HR area; our ability to manage our growth; our ability to successfully expand our sales force and its effectiveness; whether our resellers and other partners will be successful in marketing our products; our ability to continue to manage expenses; and the impact of unforeseen expenses, including as a result of integrating acquisitions. If any such risks or uncertainties materialize or if any of the assumptions prove 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 other filings we make with the Securities and Exchange Commission from time to time.
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SOURCE SuccessFactors, Inc.
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