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SuccessFactors files for IPO despite mounting losses

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.

Trackbacks

  1. [...] SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that provided video education for employees; YouCalc, a business analytics software firm; and CubeTree, a social network for businesses (sort of like a Facebook for businesses). [...]

  2. [...] SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that provided video education for employees; YouCalc, a business analytics software firm; and CubeTree, a social network for businesses (sort of like a Facebook for businesses). [...]

  3. [...] SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that provided video education for employees; YouCalc, a business analytics software firm; and CubeTree, a social network for businesses (sort of like a Facebook for businesses). [...]

  4. [...] to come out of the market for internet-based business services. Founded in 2001 by Lars Dalgaard, SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that [...]

  5. [...] to come out of the market for internet-based business services. Founded in 2001 by Lars Dalgaard, SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that [...]

  6. [...] to come out of the market for internet-based business services. Founded in 2001 by Lars Dalgaard, SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that [...]