SaaS Consolidation is Near as the Big Guys Add to War Chest

Wednesday Jan 13th 2010 by Staff

Efforts to increase cash on hand by, SuccessFactors and Taleo make mergers and acquisitions appear likely in the near future.

ZDNet: Is a major consolidation among SaaS players set to begin soon? It seems likely as, SuccessFactors and Taleo have all been raising capital. just added $500 million in debt, while SuccessFactors and Taleo raised $215 million and $130 million respectively through stock offerings.

As Taleo CEO Mike Gregoire has said, "It’s hard to kill rival software companies so you might as well roll them up."

Possible targets for takeover could include RightNow, Kronos, Wild-card and SuccessFactors itself.

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