ASP - Tuesday, May 23, 2006
Hosted HR Guys - SuccessFactors - Suck Down $40M
The hosted Web services startup Success Factors has raised a super-size funding round - $40M - thanks to a growing number of clients. It added 200 clients in 2005 and now has 500+ clients.
Success Factors covers all the HR buzzwords: align goals, develop competencies, manage talent. None of it sound so new, except that it calls 'human resources' 'talent management.' Plus, as software-as-a-service, it is more forward-thinking than software installs.
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