Sunday, December 04, 2011

SAP to Buy SuccessFactors for $3.4 Billion -

Interesting in part because SuccessFactors previously (May, 2010) acquired social business-focused startup CubeTree

SAP of Germany announced plans on Saturday to buy SuccessFactors, a Web-based enterprise software company, for $40 a share, or $3.4 billion.

The all-cash transaction, which is expected to close early next year, offers SuccessFactors’ shareholders a 52 percent premium above Friday’s closing price.

“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,” Bill McDermott, the co-chief executive of SAP, said in a statement on Saturday.

SAP to Buy SuccessFactors for $3.4 Billion -

Post a Comment