SuccessFactors to Buy Workforce Planning Vendor

by Jeff Moad

Posted on Feb 05, 2010

Human capital management software provider SuccessFactors Inc. yesterday said it plans to acquire workforce planning vendor Inform Business Impact for $40.5 million in cash and stock.

The deal, which is expected to close in the third quarter, moves SuccessFactors more directly into competition with other providers of workforce planning and scheduling software, such as Kronos Inc. and Oracle Corp.