SAP buying mobile work software firm Syclo

Apr 10, 2012
German business software colossus SAP AG on Tuesday announced a deal to buy a US firm specializing in applications for employees tending to work outside of offices.

German business software colossus SAP AG on Tuesday announced a deal to buy a US firm specializing in applications for employees tending to work outside of offices.

SAP did not disclose financial terms of its agreement to acquire Illinois-based Syclo.

"With this acquisition, SAP adds momentum to our already powerful mobile portfolio," said SAP global solutions president Sanjay Poonen.

"Syclo brings both domain-savvy expertise and industry-leading solutions...This will drive innovation and mobility in the workplace."

Syclo has been successful building and selling applications for workers, particularly in manufacturing, life sciences, and the oil and gas industries, according to SAP.

The acquisition comes as employees increasing rely on smartphones and while doing their jobs and as are projected to top personal computers as the most common tools for connecting to the Internet.

Syclo has more than 600 customers in 39 countries, according to SAP.

"Today's announcement is the next step in delivering a fully-integrated and enterprise application portfolio to both Syclo and SAP customers," said Syclo chief executive Rich Padula.

"Together, we will expand and accelerate our ability to help businesses run better through mobility."

News of the Syclo acquisition came at a San Francisco press event where SAP executives laid out a "road map" to become a powerhouse in business database and mobile device arenas.

Explore further: First eBay-Sotheby's sale to be held Wednesday

Related Stories

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 in an interview published Saturday.

SAP, Open Text Pen Reseller Agreement

May 03, 2007

SAP and Open Text have signed a reseller agreement that will deliver enterprise content management software, enabling businesses to have data archiving platforms provided by Open Text.

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 ...

Recommended for you

Huawei reports 2014 profit up 33 percent

9 hours ago

Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, said Tuesday its 2014 profit rose 33 percent, helped by strong sales of smartphones.

Tesla shares jump on Musk 'tease' in tweet

21 hours ago

Tesla Motors shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.