Hot on the heels of Infor’s acquisition of Lawson Software, talent-management firm SuccessFactors has announced its acquisition of learning-systems vendor Plateau for $290 million. SuccessFactors will pay for Plateau with an even mix of cash and stock. SuccessFactors describes the Plateau acquisition as a “symbiotic combination” with another vendor it’s just purchased, mobile-learning provider Jambok.
Plateau brings more than 350 new customers to its new parent, according to SuccessFactors. Once the deal closes this summer, Plateau’s SaaS-based learning-management system will be integrated directly into SuccessFactors’ BizX talent-management suite.
The SuccessFactors-Plateau combination drew praise from several HR technology analysts, who are quoted in a SuccessFactors press release announcing the deal. “[The acquisition] brings together the market share leader in talent management with one of the market leaders in learning management to create a global powerhouse in end-to-end talent-management software,” said Josh Bersin, president and CEO of Bersin & Associates.
“This is, in my opinion, a merger of true leaders,” said Lisa Rowan, IDC’s program director for HR, talent and learning strategies.
“SuccessFactors just acquired another big piece of the periodic table of elements,” said Jason Averbook, CEO of Knowledge Infusion.