SuccessFactors To Offer 10 Million Common Shares
October 16, 2009 (FinancialWire) — SuccessFactors, Inc. (NASDAQ: SFSF) plans to offer 10 million shares of common stock. Goldman, Sachs & Co. (NYSE: GS), Deutsche Bank Securities (NYSE: DB), and Morgan Stanley & Co. (NYSE: MS) are serving as the joint book runners.
The underwriters will have an option to purchase up to an additional 1.5 million shares of common stock.
SuccessFactors plans to use the net proceeds for working capital and general corporate purposes, including potential acquisitions.
San Mateo, California-based SuccessFactors offers business execution software.
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