SAP sinks $3.2 billion into SuccessFactors

By Liam Tung on Dec 5, 2011 3:02 PM
Filed under Strategy

We'll be a 'cloud powerhouse', says SAP chief.

SAP is hoping to accelerate its race to become a "cloud powerhouse" with its $US3.4 billion ($A3.2 billion) acquisition of BizX maker, SuccessFactors.

The acquisition of the employee managament software company, announced Saturday, is being funded by SAP's free cash and a €1 billion loan. 

“The cloud is a core of SAP’s future growth, and the combination of SuccessFactors’ leadership team and technology with SAP will create a cloud powerhouse.

"The acquisition will help us address the top priority for CEOs globally – managing people and talent,” said Bill McDermott, Co-CEO of SAP.

SuccessFactors was founded by Danish CEO Lars Dalgaard, who launched the company in 2001 with its performance management software.

The company currently has 1450 employees, 3500 customers and 15 million subscription seats, according to SAP. It earned $91 million in revenues for the quarter ending September 30

SuccessFactors will also give SAP the enterprise social networking platform, CubeTree, performance management firm, Inform, and a recently expanded Australian data centre that serves its hosted applications to the Asia Pacific.

Dalgaard will remain as CEO of SuccessFactors which SAP will keep as an independent brand. 

SuccessFactors is SAP's most recent major acquisition since its $6.5 billion purchase of Sybase, which helped build up SAP's enterprise mobile technologies. 

 
Follow us on Facebook and Twitter
 

Copyright © iTnews.com.au . All rights reserved.

SAP sinks $3.2 billion into SuccessFactors SAP's newest board member, Lars Dalgaard, signing the deal.
 
 
 
 
 
Top Stories
Datacom signs mega data centre deal with NextDC
Perth is first cab off the rank.
 
NewLease hires former MYOB and Oracle man as new CEO
Following death of co-founder Douglas Tutus.
 
Aussie firm aims to build 10,000-strong software army
Revolution IT banks on crowdsourcing to help win business.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Which mobile device couldn't you live without?


Latest Comments
CRN Magazine

Issue: 329 | July 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.