SAP sees new acquisition as boon for cloud computing

Dec 11, 2011
The acquisition of US firm Success Factors by SAP will make the German software giant number one in "cloud computing" and show a profit from 2013, a top SAP executive said.

The acquisition of US firm Success Factors by SAP will make the German software giant number one in "cloud computing" and show a profit from 2013, a top SAP executive said in an interview published Saturday.

"By integrating SAP solutions with those of Success Factors, we can realise economies of scale and make money more quickly," Jim Hagemann Snabe, one of SAP's two co-executives, told the financial weekly Focus.

The synergies achieved with the acquisition "are going to help us become number one in the near future" in the rapidly growing market of so-called cloud computing, said Hagemann Snabe.

Success Factors specialises in cloud computing, which involves managing on the that is stored on distant servers. It eliminates the need for clients to keep data on their own computers or servers, saving them money and giving them more flexibility.

SAP, the world's leader in professional software, announced last week that it would acquire Success Factors for $3.4 billion (2.5 billion euros).

The acquisition is the latest development in the fierce between SAP and Oracle.

Explore further: Hackerspaces used to turn ideas turn into reality

add to favorites email to friend print save as pdf

Related Stories

SAP profits up strongly in third quarter

Oct 14, 2011

German software giant SAP said Friday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle.

SAP to pay $3.4B for SuccessFactors

Dec 04, 2011

(AP) -- SAP said Saturday it is paying $3.4 billion to acquire SuccessFactors, a software company specializing in human resources tasks. It is the latest move in the escalating rivalry between SAP and Oracle Corp., and underscores ...

SAP CEO resigns, replaced by 2 co-chief executives

Feb 08, 2010

(AP) -- The chief executive of German software company SAP AG, Leo Apotheker, has resigned after his contract was not renewed and will be succeeded by two co-CEOs, the company said Sunday.

Recommended for you

Telefonica ups bid to create Brazil's top operator

2 hours ago

Spain's telecommunications company Telefonica has raised its offer to buy Brazilian operator Global Village Telecom, or GVT, from French media conglomerate Vivendi to 7.45 billion euros ($9.82 billion) from 6.7 billion euros ...

Hackerspaces used to turn ideas turn into reality

Aug 27, 2014

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

User comments : 0