Plateau Software reaches exit summit

Apr 28, 2011 • James Mawson

SuccessFactors to buy Plateau Software for $290m and give an exit to consortium including GlaxoSmithKline-backed EuclidSR Partners.

Nasdaq-listed software as a service provider SuccessFactors has agreed to buy Plateau Software, a US-based provider of talent management software for $290m, half in cash.

Founded in 1996, Plateau has 250 customers, including General Electric, the US Air Force, EW Scripps and Thomson Reuters.

Its investors include EuclidSR Partners, a joint venture between venture capital (VC) firm Euclid Partners and drugs company GlaxoSmithKline’s SR One corporate venturing unit, secondaries firm W Capital Partners and investment bank Morgan Stanley, according to…

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