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.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more