• SuccessFactors, Inc. (NYSE: SFSF) signed a definitive agreement to acquire Jobs2Web, Inc, an interactive recruitment marketing company, just a few days after SAP announced that it would be acquiring SuccessFactors on December 3.
• Jobs2Web is expected to strengthen SuccessFactors' recruitment management offering by providing a SaaS-based interactive recruiting platform, and together with SAP, will establish all of the necessary pieces of an integrated Core Human Resource Management System.
• The transaction represents the third buy-side deal for SFSF in 2011; it acquired Plateau Systems Ltd in April and Jambok, Inc in March.
• martinwolf expects further consolidation in the space as Oracle's acquisition of RightNow Technologies in October and SAP's planned acquisition of SFSF provide clear reference points on how SaaS -based high growth companies are valued; namely driven by revenue, gross margins, and growth rates.
• Further consolidation in the Human Capital Management (HCM) space, particularly in the large enterprise market, is expected to gain momentum into 2012 and valuations for SaaS-based companies are expected to remain high and based largely on revenue multiples.
• In addition, privately owned SaaS companies in the HCM space thinking of M&A should consider potential combinations that can accelerate their revenue growth trajectories, particularly since organic growth may become tougher to come by as the time to market advantage is now over.
• This acquisition is consistent with the increased valuations of SaaS-based businesses that can be found in the martinwolf MW Index.

About martinwolf    

Based in Silicon Valley, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 100 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.

December 1, 2011

Softchoice Corporation (TSX: SO) announced it has it has fulfilled its regulatory requirements under the Competition Act and has now completed the acquisition of substantially all of the assets of UNIS LUMIN, one of Canada's most highly regarded Cisco networking and managed services companies. Softchoice was represented by martinwolf | M&A Advisors. The acquisition strengthens Softchoice's professional services capabilities while providing the technology foundation to support the Company's future cloud offerings.

Please click here to view the announcement.   

September 30, 2011

SPS, a leading Unified Communications Provider, announced that Court Square Partners has made an investment in the company. martinwolf | M&A Advisors represented SPS in this transaction. SPS is a premier unified communication services integrator, ranked 131 on the 2011 VAR 500 list with 2010 sales of $143 million. Court Square is a $4B+ New York-based PE Group, with more than 150 lifetime investments.  

Please click here to view the announcement. 

September 20, 2011  

Accel-KKR, a technology-focused private equity investment firm, announced that it had taken a majority stake in Infinisource. Infinisource is a leading benefits administration technology and services company. martinwolf | M&A Advisors represented the seller in this transaction.  

Please click here to read more.  

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