Cloud-based software company SuccessFactors has just announced a recent acquisition—Danish company YouCalc, which lets business create and share custom reports and analytics on data from the cloud. Terms of the deal were not disclosed.
Along with the acquisition, SuccessFactors is also debuting its Calculator In The Cloud platform, which leverages YouCalc’s technology. Now the company’s business users can analyze data from the cloud in realtime for insight and predictions. The platform can analyze data from SuccessFactor’s BizX Suite as well as data from third party cloud-based applications. The idea behind the new offering, says Brad Mattick, senior director of global product marketing financials for the company, is to allow business to aggregate and mashup data from a variety of sources for insight. For example, you can pull in data from an ERP system, sales metrics from a CRM system or customer satisfaction stats from call center software.
Users can also use the platform for simulations and “what-if” scenarios based on mash-ups of data from any cloud-based app. Analysis from Calculator in the Cloud can include a current sales pipeline, available cash, employee satisfaction and what percentage of the workforce is working towards the company’s strategic plans.
While the platform is launching today, Calculator in the Cloud has been beta tested by a number of enterprise companies, including McGraw-Hill.