SuccessFactors’ founder and former CEO brings lots of human resources know-how to upstart Zenefits, which has a new $15M in Series A funding under its belt.
Dalgaard is off to become an investor, although he will remain a cloud advisor to SAP. Meanwhile, the company is consolidating its cloud development processes, with a view to eventually streamlining its portfolio.
Competitive advantage used to come from using pricey enterprise applications to create operational efficiencies. Ross Mason of MuleSoft says SaaS and APIs have killed that model, and the future belongs to companies that integrate applications to discover new business models.
Doug Burgum helped launch Great Plains Software and grow it into a company Microsoft bought for $1.1 billion. As chairman of SuccessFactors, he helped bring that company into SAP for $4.3 billion. Now he’s helping Atlassian grow as well.
Leo Apotheker, the Hewlett-Packard CEO ousted so publicly last September, pretty much disappeared from view. Until recently. Now he’s been spotted in Menlo Park and was featured on a conference call with Wall Street analyst Rick Sherlund. Could he be plotting a comeback?
SAP America’s decision to buy SuccessFactors and its human capital management expertise for $3.4 billion in cash, is just the latest acquisition of a vertically-focused SaaS player by a legacy software giant. Look for that trend to continue.