Codestone

Category: ERP Software

SAP, a global provider of innovative enterprise resource planning (ERP) software, has once again demonstrated its commitment to cloud technology by announcing a new merger.

The firm's subsidiary SAP America has confirmed it will agree a tie-in with SuccessFactors, which specialises in cloud-based human capital management solutions.

It is the intention that SAP will acquire all of the company's shares of common stock, with an enterprise value of approximately $3.4 billion (£2.17 billion).

SuccessFactors has a wealth of cloud knowledge and an industry-renowned team that will be of great benefit to SAP.

SAP has suggested the deal is further evidence that it wants to provide its solutions in the cloud, via mobiles and in the workplace.

"The acquisition will help us address the top priority for chief executive officers (CEOs) globally – managing people and talent," said Bill McDermott, co-CEO at SAP.

Business Review recently told how SAP is targeting growth in Europe, the Middle East and Africa on the back of a new research centre in Romania.

Posted by Jack Gilbert