SuccessFactors announced yesterday that Siemens AG has agreed to adopt its Software-as-a-Service (SaaS) based, on-demand performance and talent management solutions across its worldwide operations of approximately 420,000 users across 80 countries in 20 different languages.

This is the latest indication of the rapid adoption of SaaS-based solutions by companies of all sizes across nearly every industry and geography.

Specifically, this announcement is significant because,

It clearly illustrates that SaaS is well-suited for global enterprises, and further dispels the myth that it is just for small- and mid-size businesses (SMBs) that can’t afford the luxury of traditional, on-premise enterprise applications.
It also shows that European companies are becoming more comfortable adopting SaaS solutions despite past concerns about off-site and/or out-of-country hosting of corporate data.
It demonstrates the declining power of incumbent vendors within customer accounts, as SuccessFactors outmaneuvered SAP which already had its software installed at Siemens and shares … Read More »