ADVERTISEMENT

ADVERTISEMENT

SuccessFactors completes Jobs2web acquisition

MINNEAPOLIS — SuccessFactors Inc., which makes software for human resources management, said today that it has completed its $110 million acquisition of recruitment software maker Jobs2web.

SuccessFactors, which is being purchased by German enterprise software company SAP AG for $3.4 billion, announced the Jobs2web deal last week. The company said that Jobs2web will be integrated into its business execution applications.

Privately held Jobs2web is based in Minnetonka. Jobs2web CEO Ken Holec said in a statement that all of the company's employees will remain in their jobs.

Holec will serve as a strategic advisor, while Jobs2web Chief Financial Officer and Chief Operating Office Steve Shaffer will lead the new Jobs2web division.

SuccessFactors is based in San Mateo, Calif.

What To Read Next
Patty Brown is re-launching Patty Brown Hair Design this week on Feb. 7, 2023. Her new location is inside Billa's Salon Suites at 2630 South Broadway.
Wanamingo's Area 57 is truly a family business as it celebrates 20 years of welcoming customers into their family.
Apple Roofing opened the doors of its new Rochester office at 3428 Lakeridge Place NW last week.
Artificial intelligence can now act as an artist or a writer. Does that mean AI is ready to play doctor? Many institutions, including Mayo Clinic, believe that AI is ready to become a useful tool.