Deals

SuccessFactors files for IPO despite mounting losses

Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here!

SuccessFactors, a San Mateo, Calif. company that provides online management tools for employee performance, has filed for an initial public offering to raise up to $125 million.

Top private investors include Greylock, which owns a 32.3 percent stake, TP Ventures, with 20.1 percent, Cardinal Ventures, with 9.2 percent; Canaan Partners, with 7.6 percent, Emergence Capital Partners with 6.7 percent and Granite Global Ventures, with 5.3 percent.

The company lost $12.6 million during the quarter ended March 31, more than its $7.55 million net loss during the same period a year ago.


VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.