SuccessFactors, Inc., today announced that it received a "Strong Positive" rating in the Gartner Employee Performance Management (EPM) Software Vendor MarketScope Report.
November 5, 2004 (Press Release) --
SAN MATEO, CA – November 1, 2004 –SuccessFactors, Inc., the market and Web business application leader in on-demand workforce performance management, today announced that it received a "Strong Positive" rating in the Gartner Employee Performance Management (EPM) Software Vendor MarketScope Report.1 Gartner maintains that vendors who receive a “strong positive” rating offer strategic products, services or solutions. Thereby, customers should continue investments and potential customers should consider this vendor a strong strategic choice.
The report, published by Gartner, Inc., a premier research and advisory firm, evaluated and rated 18 vendors in the Employee Performance Management (EPM) Software Vendor market based on seven key criteria:
• Product/Service Capability
• Affordability
• Technology/Scalability
• References
• Viability
• Market Momentum
• Vision
“Employee performance management software helps gain a positive return on investment in human assets,” said James Holincheck, research director, Gartner Group. “SuccessFactors delivers its solution primarily through the ASP model. It scales from SMBs to large enterprises. SuccessFactors has strong references and has attracted a great deal of interest from Gartner clients.”
According to CEO and President Lars Dalgaard, “SuccessFactors considers the Strong Positive rating in Gartner’s Marketscope to be largely attributed to strong customer references, highly scalable, seamlessly integrated solutions for performance management, goal alignment, talent management/succession planning and compensation planning, combined with our commitment to customer productivity, market momentum and 100 percent annual growth.”
The Gartner Marketscope states that although EPM is not a new segment, the market for Web-based EPM solutions is and they have seen significant interest in this market from Gartner clients. To help companies effectively evaluate EPM software vendors, Gartner used the following comprehensive criteria:
• Product/Service Capability – Functional scope including goal & objective management, succession planning integration, compensation planning integration, competency management, and reporting/analytics
• Affordability – Overall costs including software, services and support relative to the functionality provided
• Technology/Scalability – Review of technical architectures and references for scalability
• References – Customer references for product, service and overall relationship with the vendor
• Viability – Revenue, growth, customers, employees and profitability
• Market Momentum – Revenue, growth, customer references and Gartner client inquiries
• Vision – Evaluated vision for EPM to determine fit for future market needs
The report, published by Gartner, Inc., a premier research and advisory firm, evaluated and rated 18 vendors in the Employee Performance Management (EPM) Software Vendor market based on seven key criteria:
• Product/Service Capability
• Affordability
• Technology/Scalability
• References
• Viability
• Market Momentum
• Vision
“Employee performance management software helps gain a positive return on investment in human assets,” said James Holincheck, research director, Gartner Group. “SuccessFactors delivers its solution primarily through the ASP model. It scales from SMBs to large enterprises. SuccessFactors has strong references and has attracted a great deal of interest from Gartner clients.”
According to CEO and President Lars Dalgaard, “SuccessFactors considers the Strong Positive rating in Gartner’s Marketscope to be largely attributed to strong customer references, highly scalable, seamlessly integrated solutions for performance management, goal alignment, talent management/succession planning and compensation planning, combined with our commitment to customer productivity, market momentum and 100 percent annual growth.”
The Gartner Marketscope states that although EPM is not a new segment, the market for Web-based EPM solutions is and they have seen significant interest in this market from Gartner clients. To help companies effectively evaluate EPM software vendors, Gartner used the following comprehensive criteria:
• Product/Service Capability – Functional scope including goal & objective management, succession planning integration, compensation planning integration, competency management, and reporting/analytics
• Affordability – Overall costs including software, services and support relative to the functionality provided
• Technology/Scalability – Review of technical architectures and references for scalability
• References – Customer references for product, service and overall relationship with the vendor
• Viability – Revenue, growth, customers, employees and profitability
• Market Momentum – Revenue, growth, customer references and Gartner client inquiries
• Vision – Evaluated vision for EPM to determine fit for future market needs
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