Announced in April, SuccessFactors has just closed their transaction to acquire Plateau Systems for an aggregate value of $290m. The CEO has said that theyve seen four times the expected interest from current and new customers in just the last two months since time of announcement; a lot of positive reinforcement that the 4.8x revenue multiple paid is in fact gaining traction and strengthening SuccessFactors.
This is an example of a well-executed transaction that goes beyond just closing the deal but actually incorporating one business into another to the benefit of both. This is truly an example of 1 + 1 +1 = 9, with the benefits seen even before the transactions was fully closed. Kudos to the SuccessFactors and Plateau teams.