SuccessFactors signs Alliance with Itochu in Japan

Internal Introduction of SaaS Strategic Talent Management System and Acquisition of Sales Agency Rights - Alliance with SuccessFactors, Inc. (US) -

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; President & CEO: Masahiro Okafuji; “ITOCHU”) will be the first Japanese general trading company to internally introduce an SaaS (*1) strategic human resources solution “talent management system” from SuccessFactors, Inc., (headquartered in San Mateo, CA, U.S.A.; CEO: Lars Dalgaad; “SF”), a company listed on the U.S. NASDAQ stock exchange. The system will also be introduced at ITOCHU’s subsidiary, CAPLAN Corporation (headquartered in Minato-ku, Tokyo; President & CEO: Hiroyuki Isaka; “CAPLAN”), which is engaged in general human resources and outsourcing. ITOCHU has also concluded a reseller agreement with SF, also a first among Japanese general trading companies, and concluded a sales agency agreement with CAPLAN and will coordinate with SF’s Japanese arm, SuccessFactors Japan K.K. (headquartered in Minato-ku, Tokyo; Representative Director: Yusuke Kinoshita) to promote sales of the system.

SF is a provider of talent management systems, with over 6.1 million users (*2) at more than 3,100 client companies worldwide. The company has the world’s largest number of SaaS users and holds the global top share of customers in employee performance management within talent management systems. SF had sales in FY2009 of $153 million; a 40% year-on-year increase and tremendous growth of almost 500% of its total three years prior. A 2009 survey of 520 of SF’s clients showed that with the system’s introduction, an increase in net profits of 1% of the amount of sales and a tenfold effect on the investment made for SF’s system was obtained in one year (*3)… Read More on Itochu