Financialforce.com Acquires Vana Workforce

FinancialForce acquires Vana Workforce, maker of a leading HR application on the Salesforce Platform rebranding it as FinancialForce Human Capital Management (HCM). End Quote

(1888PressRelease) December 25, 2013 - FinancialForce.com, the company revolutionizing back office applications, announced today that it has acquired Vana Workforce, a global human capital software provider and maker of a leading HR application on the Salesforce Platform. The acquisition represents a significant step in FinancialForce.com's vision to revolutionize the back office by eliminating barriers inside and outside an organization. The new app, FinancialForce HCM, is available immediately and is already working with FinancialForce.com applications at several companies. The company also announced today that it has acquired the business and assets of Less Software including the firm's Supply Chain Management (SCM) solutions.

Vana Workforce, to be re-branded as FinancialForce Human Capital Management (HCM), provides integrated HRMS, talent management and recruitment capabilities, allowing a consistent user experience across these solutions. As a native application built on the Salesforce Platform, the new application will be instantly unified with FinancialForce Accounting and FinancialForce Professional Services Automation (PSA), creating a single line of sight across an organization. This will allow true, front to back office visibility and a single user experience across the entire enterprise.

Customers using Salesforce CRM, FinancialForce HCM, FinancialForce Accounting and FinancialForce PSA are able to take advantage of cross-departmental reporting, analytics, workflow and collaborative capabilities including Salesforce Chatter. This unified and social working environment, along with the inherent mobile capabilities, is critical to the adoption of self-service HCM applications that touch every employee in a company.

Known to be user-friendly and easily deployable, Vana Workforce is also easily extensible and customizable. Combined with FinancialForce.com's existing back office applications, FinancialForce HCM can nimbly serve the needs of small to mid-sized businesses while also meeting the cross-departmental and complex integration demands of global enterprises. Together, FinancialForce.com provides back office cloud solutions that are optimized for social collaboration, mobility and front to back office visibility.

"With the acquisition of Vana Workforce and the launch of FinancialForce HCM, we are once again demonstrating that the time to remove barriers between departments is now," said Jeremy Roche, president and CEO at FinancialForce.com. "Providing front to back office visibility has always been our priority because it allows our customers to make smarter and more cohesive business decisions. Now, we are able to extend that promise further with HCM to help companies manage their most important asset - human talent."

"Vana Workforce and FinancialForce.com have always shared the same goal-to unlock the power of the cloud, social and mobile capabilities in order to engage employees and gain real-time insight for our customers," said David Vanheukelom, co-founder and CEO at Vana Workforce, and newly appointed HCM General Manager at FinancialForce.com. "I am very pleased that Vana customers can now further extend that intelligence across the back office with FinancialForce.com, without changing UI or platform, and am excited about our shared vision for HCM innovation."

"This acquisition underscores our belief that people are the most important driver of growth," said Roche. "This application will enable our customers to invest in their people in modern way, which ultimately will help grow both their top and bottom lines."

FinancialForce HCM is available today on the AppExchange and can be continued to use as a standalone solution or used with any other FinancialForce.com application. For more information, please go to: www.financialforce.com.

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