Tuesday, April 26, 2011

SuccessFactors Buys Learning Management Software Firm

San Mateo-based SuccessFactors said Tuesday that it has entered into a definitive agreement to acquire Plateau, a developer of learning management systems. SuccessFactors said it would pay $145M in cash plus $145M in stock for Plateau, which is based in Arlington, Virginia. Plateau's software is used for talent management, and is used by such companies as General Electric, the U.S. Air Force and Capital One Services.