SuccessFactors has announced it is in the process of acquire Inform for around US$40 million in a effort to grow out its current business execution software suite.
The deal will see SuccessFactors hand over US$25.5 million in cash and approximately US$15 million worth of SuccessFactors stock.
An additional contingent consideration is also to be paid based on the fulfilment of continuing employment and the achievement of specified growth targets.
Lars Dalgaard, founder and CEO of SuccessFactors said in the current economic climate, executing on strategic plans was increasingly important for companies.
“The critical challenge today is to execute on those strategies and improve overall business performance,” he said in a statement.
In sign of the growing attractiveness of Australian IT companies to multi-nationals, Sungard has announced that it will acquire for an undisclosed sum Melbourne-based Inmatrix in an effort to expand its operations. Inmatrix provides credit risk analysis and business forecasting solutions.
Dale Smorgon, head of business development at Inmatrix said SunGard’s international reach would help the company add greater global scope to its customer base which included a number of Australian banks.
Earlier this month witnessed the merger between Australian owned Neller and global business NorthgateArinso.