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Software company SuccessFactors announces IPO terms

November 2, 2007

SuccessFactors, a leading provider of on-demand performance and talent management solutions software, plans to sell 10.8 million shares at a price range of $8 to $10. Of these 10.8 million shares, 790,000 are being sold by insiders. Morgan Stanley and Goldman Sachs are the joint lead managers on the deal.