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STEVENSON, Md.--([ BUSINESS WIRE ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of SuccessFactors, Inc., (aSuccessFactorsa) (NYSE: SFSF) and other violations of state law by the board of directors of SuccessFactors relating to the proposed acquisition of the company by SAP AG (aSAP AGa). The firmas investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.

On December 3, 2011, SAP AG announced that it had entered into a definitive agreement to acquire SuccessFactors for $40.00 per share in cash, representing an enterprise value of approximately $3.4 billion. According to Yahoo! Finance, at least one analyst has set a high price target of $45.00 per share. The transaction is expected to close in the first quarter of 2012.

If you currently own shares of SuccessFactors and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.