Software Co. SuccessFactors Buys Jobs2Web For $110M

Law360, New York (December 6, 2011, 1:44 PM EST) -- Cloud-based human resources software company SuccessFactors Inc., which SAP AG recently said it would acquire in a $3.4 billion deal, will buy recruitment marketing company Jobs2Web Inc. for $110 million in cash, the companies announced Tuesday.

SuccessFactors, headquartered in San Mateo, Calif., wants to combine its recruiting management software with Jobs2Web's recruitment marketing platform in a move that the companies said would help customers find the right people and better analyze the effectiveness of their hiring strategies.

Lars Dalgaard, the founder and CEO of SuccessFactors, said...
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