Specialist human capital analysis company Infohrm has announced its sale of Infohrm to a company called SuccessFactors, a NASDAQ-listed firm based in San Mateo, near San Francisco, California.

With the acquisition, SuccessFactors claims it will be ‘the first company to offer business analytics and workforce planning as part of a comprehensive business execution software suite.’

Infohrm serves more than 130 enterprise customers, most with more than 100,000 employees, including 24 of the Fortune 500, such as Comcast, BHP Billiton, Starbucks, Nike and ANZ Bank, which represent approximately 2.5 million employees.

Infohrm has been running for 28 years and is specialist in academic research, proprietary content and technology development in business analytics and workforce planning.

The companies will combine Infohrm's cloud-based software and human capital analytical expertise to SuccessFactors' Business Execution Software (BizX) system.

SuccessFactors claimed the combined product will provide customers with a more strategic use of workforce information, while expediting business execution, allowing SuccessFactors to deliver:
• Predictive analytics,
• Strategic workforce planning,
• Strategic reporting,
• Workforce analytics,
• Workforce reporting,
• Over 2000 key performance metrics, and
• Peer benchmarking content for over 20 industries.

'All companies establish strategic plans. The critical challenge today is to execute on those strategies and improve overall business performance," said Lars Dalgaard, founder and CEO of SuccessFactors. "With this acquisition, SuccessFactors is arming CEOs, CFOs and human resource professionals with actionable, high-value insights to perform better, gain competitive advantage, and lower costs.’

Peter Howes, founder and CEO of Infohrm said the tie-up was a ‘natural fit’. He added: 'Acquisition wasn't our goal. We have had many offers from American and European companies, but I was never interested until I saw the strategic fit with SuccessFactors. We're incredibly excited about integrating Inform's analytics tools with SuccessFactors' Business Execution Software.’

He claimed the combined system will inform executives on ‘how the business as a whole is running so that they can make more strategic workforce decisions that directly affect the bottom line. No other company in the world can offer this.’

Mr Howes will continue to be involved in the business.