Law Offices of Howard G. Smith Announces Investigation of SuccessFactors, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of SuccessFactors, Inc. (“SuccessFactors” or the “Company”) (NYSE:SFSF) concerning the proposed acquisition of the Company by SAP America, Inc., a subsidiary of SAP AG. The proposed transaction is valued at approximately $3.4 billion.

Under the terms of the definitive merger agreement entered into by the parties, SuccessFactors shareholders will receive $40.00 in cash for each share they own of the Company’s common stock. The Company’s shares have traded as high as $40.44 as recently as April 26, 2011. The proposed transaction was unanimously approved by the Company’s board of directors and is expected to be completed in the first quarter of 2012. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by SuccessFactors’ board of directors.

If you are a shareholder of SuccessFactors, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.