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Business Services Industry
SuccessFactors Prices Public Offering
Business Wire, June 24, 2008
SAN MATEO, Calif. -- SuccessFactors, Inc. (Nasdaq:SFSF), the global leader in on-demand performance and talent management solutions, today announced the pricing of its public offering of 8,828,691 shares of its common stock at $11.80 per share. Of the 8,828,691 shares of SuccessFactors' common stock being offered to the public, 2,500,000 shares are being offered by SuccessFactors and 6,328,691 shares are being offered by certain selling stockholders. The offering is expected to close on June 27, 2008. The underwriters have been granted an option to purchase up to an additional 1,324,303 shares of common stock from SuccessFactors and certain selling stockholders to cover over-allotments, if any.
Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. have acted as joint book-running managers. Deutsche Bank Securities Inc., Wachovia Capital Markets, LLC, Oppenheimer & Co. Inc., Pacific Crest Securities, JMP Securities LLC, ThinkPanmure LLC and Broadpoint Capital, Inc. have served as co-managers. This offering is being made only by means of a prospectus, a copy of which may be obtained from Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, by calling 866-718-1649, or by emailing prospectus@morganstanley.com, or from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attn: Prospectus Department, by calling 866-471-2526, or by emailing prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state or jurisdiction.
SuccessFactors is the leading provider of on-demand employee performance and talent management solutions that enable organizations to optimize the performance of their people to drive business results. SuccessFactors currently has more than 1,950 customers across over 60 industries, with more than 3.7 million end users in over 185 countries using the application suite in 22 languages.
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