Add-on Acquisition • Staffing

SuccessFactors Acquires Jobs2Web

On December 13, 2011, SuccessFactors acquired staffing company Jobs2Web from Updata Partners for 110M USD

Acquisition Context
  • This is SuccessFactors’ 1st transaction in the Staffing sector.
  • This is SuccessFactors’ 2nd largest (disclosed) transaction.
  • This is SuccessFactors’ 4th transaction in the United States.
  • This is SuccessFactors’ 1st transaction in Minnesota.

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M&A Deal Summary

Date December 13, 2011
Target Jobs2Web
Sector Staffing
Buyer(s) SuccessFactors
Sellers(s) Updata Partners
Deal Type Add-on Acquisition
Deal Value 110M USD

Target Company

Jobs2Web

Minneapolis, Minnesota, United States
Jobs2Web, Inc. is a provider of interactive recruiting solutions. Jobs2Web develops and implements innovative technologies and services to enable employers to attract, capture and communicate with the exploding base of interactive job seekers.
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Buyer Overview 1

Buyer

SuccessFactors

San Mateo, California, United States

Category Company
Founded 2001
Sector Software
Employees1,578
DESCRIPTION

SuccessFactors provides on-demand performance and talent management software that enables organizations to optimize the performance of its people. Its application suite includes various modules and capabilities, including performance management, goal management, compensation management, succession management, learning and development, recruiting management, analytics and reporting, employee profile, 360-degree review, employee survey, and proprietary and third-party content.


Deal Context for Buyer #
Overall 6 of 6
Sector: Staffing 1 of 1
Type: Add-on Acquisition 6 of 6
State: Minnesota 1 of 1
Country: United States 4 of 4
Year: 2011 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-26 Plateau Systems LTD.

Arlington, Virginia, United States

Plateau Systems is a provider of talent management software and solutions. Pleteau operates as a SaaS provider for organizations to develop, analyze and manage organizational talent.

Buy $290M

Seller Profile 1

SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $150 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


Deal Context for Seller #
Overall 15 of 46
Sector: Staffing 2 of 2
Type: Add-on Acquisition 11 of 33
State: Minnesota 1 of 1
Country: United States 15 of 42
Year: 2011 1 of 1
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 Logi Analytics

McLean, Virginia, United States

Logi Analytics is a provider of web-based business intelligence software. The company business intelligence software enables users to explore, visualize, analyze and share data insights. The platform helps organizations create web-based BI and analytic applications that can be integrated directly within their applications, systems and processes. Logi Analytics was founded in 2000 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Numara Software

Tampa, Florida, United States

Numara Software, Inc. the former Blue Ocean Software business unit of Intuit Inc. is a provider of IT help desk and asset management software solutions to small and medium-sized businesses. The company’s core product, Track-It!, enables IT professionals to collect, assign and resolve help desk requests and audit their internal hardware and software assets.

Sell $300M