SW vendor announcements
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A few months ago, when I did my 2010 Watchlist for CRM Vendors, needless to say - now at least - Lithium was on it.
WALLDORF, Germany and Dublin, California, USA - May 12, 2010 - SAP (NYSE: SAP) and Sybase, Inc., Dublin, California (USA) (NYSE: SY) today announced that SAP’s subsidiary, SAP America, Inc., has signed a definitive merger agreement to acquire Sybase, Inc., in a transaction that will bring the two information technology (IT) leaders together to enable companies to become better-run “unwired enterprises.” As a result of this transaction, customers will be able to better harness today’s explosion of data and deliver information and insight in real time to business consumers wherever they work so they can make faster, more informed decisions.
Rumors have been circulating the last days that SAP would announce a significant acquisition. There had to be something in the wind since Vishal Sikka, CTO SAP was a no-show at TIBCO's TUCON second day keynote. Today, we learn the target is Sybase.
Business software provider SAP announced an agreement to acquire enterprise software and services company Sybase--parent of mobile messaging solutions provider Sybase 365--for $5.8 billion. According to SAP, the Sybase deal will accelerate the reach of its solutions across mobile platforms, making it easier to create, deliver and manage applications across device portfolios. The merger will also enable SAP and its customers to generate alerts, transactions and promotions targeting 4 billion mobile subscribers worldwide thanks to Sybase 365's agreements with more than 850 operators.
Sybase is SAP's largest acquisition ever at an estimated $5.8bn - bigger than Business Objects, which was a mere $4.8bn. But, what does it mean to SAP customers and their strategy on Enterprise Mobility?
Enterprise software giant SAP is acquiring fellow business software company Sybase for $5.8 billion in an all-cash offer. SAP is reportedly making the deal in an effort to compete with Oracle, which grew its business when it bought Sun Microsystems last year for $7.4 billion.