Notable Quotes

SandHill.com Staff Writer

“… the [$3.4 billion bid for U.S.-based SuccessFactors is] a strategic “bold step forward” that would “significantly accelerate the momentum we already have as a provider” and would create a “cloud powerhouse. This market, ladies and gentlemen, is just beginning.”
- Bill McDermott, co-CEO, SAP

“This greatly accelerates SAP’s move into the cloud and makes it a provider of one of the world’s leading cloud solutions. … While there are great opportunities and synergies with this acquisition, it also runs the risk of potential downsides for customers: pricing and contract terms are likely to change and the pace and direction of innovation could slow down as the provider moves from a nimble, niche supplier to a new parent company with many competing initiatives.”
- Liz Herbert, Forrester analyst

“Congratulations to Lars Dalgaard and his team at SuccessFactors as SAP makes a bid at a significant premium for $ 3.4 billion. His excitement is palpable as he uses plenty of big words in the press release. … Now, if Lars is subliminally patting himself on the back for getting the hefty price (over 10X 2011 revenues), he is entitled to use all those big words!”
- Vinnie Mirchandani, CEO, Deal Architect

“This is a revolutionary combination of proven capabilities that will allow SuccessFactors to accelerate our roadmap by 10 years, and bring the world’s leading application knowledge and intellectual property to our customers through the cloud, and the largest applications customer base instantly.”
- Lars Dalgaard, founder and CEO of SuccessFactors

“In what is perhaps the most boring piece of tech news to come out of this week, German software giant SAP has today announced that it will buy the US-based SuccessFactors…. If you are actually interested in finding out more, or having trouble sleeping and need something to push you over the edge, SAP will be holding a conference call.”
- Alexia Tsotsis, TechCrunch writer