Deals
SAP Acquisition Target SuccessFactors Makes Its Own Purchase
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SuccessFactors Inc., the software company that SAP AG is buying for $3.4 billion, announced its own deal today: the purchase of closely held Jobs2Web Inc. for $110 million in cash.
Jobs2Web makes Web-delivered software that helps recruiters use Twitter, LinkedIn and other sites to hunt for candidates. SuccessFactors didn’t disclose the Jobs2Web agreement when the SAP deal was announced on Dec. 3 because it wasn’t completed yet, said SuccessFactors Chief Executive Officer Lars Dalgaard.