/// SuccessFactors CEO Dalgaard Leaving SAP in Cloud Business Shake-Up

May 24, 2013  |  All Things Digital


German software giant SAP announced a pretty broad management shake-up across its cloud-oriented software units today. The big news, however, was that Lars Dalgaard, the CEO of the cloud-based human resources software company SuccessFactors, is leaving the company to become an investor. You’ll remember that SAP paid $3.4 billion to acquire SuccessFactors in late 2011 (a deal that brought tears to the eyes of certain writers). That kicked off a spate of HR-focused cloud acquisitions. Within two months, Oracle had paid $1.9 billion for Taleo , and Salesforce.com acquired Rypple and turned it into Work.com . This string of deals was taking place against the backdrop of Workday raising a lot of money from investors , on its way to going public in one of the more successful IPOs of 2012. Since SuccessFactors was a cloud-born company and SAP is, let’s face it, an old-school on-premise software company working hard to transition to a more cloud-friendly way of doing things with its HANA line, it’s not hard to imagine some cultural friction.

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SuccessFactors CEO Dalgaard Leaving SAP in Cloud Business Shake-Up



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/// SuccessFactors CEO Dalgaard Leaving SAP in Cloud Business Shake-Up

May 24, 2013  |  All Things Digital


German software giant SAP announced a pretty broad management shake-up across its cloud-oriented software units today. The big news, however, was that Lars Dalgaard, the CEO of the cloud-based human resources software company SuccessFactors, is leaving the company to become an investor. You’ll remember that SAP paid $3.4 billion to acquire SuccessFactors in late 2011 (a deal that brought tears to the eyes of certain writers). That kicked off a spate of HR-focused cloud acquisitions. Within two months, Oracle had paid $1.9 billion for Taleo , and Salesforce.com acquired Rypple and turned it into Work.com . This string of deals was taking place against the backdrop of Workday raising a lot of money from investors , on its way to going public in one of the more successful IPOs of 2012. Since SuccessFactors was a cloud-born company and SAP is, let’s face it, an old-school on-premise software company working hard to transition to a more cloud-friendly way of doing things with its HANA line, it’s not hard to imagine some cultural friction. That’s what analyst Karl Keirstead of BMO Capital Markets attributed Dalgaard’s departure to in a note to clients following the announcement. “We believe that there were some conflicts between the cloud development efforts under Dalgaard and the HANA and on-premises development team under CTO Vishal Sikka.

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SuccessFactors CEO Dalgaard Leaving SAP in Cloud Business Shake-Up



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