logo
Share SHARE
FONT-SIZE Plus   Neg

SAP To Acquire Syclo; Announces Database And Mobile Strategies - Quick Facts

SAP AG (SAP) announced plans to acquire Syclo, a provider of enterprise mobile applications and technologies. The company noted that Syclo's solutions will become part of the SAP mobile solution portfolio, and Syclo's employees will join SAP. Financial terms of the deal were not disclosed. The transaction is expected to close in the second quarter of 2012.

In a separate press release, SAP outlined its new database and mobile strategies. At a press conference in San Francisco, Vishal Sikka, member of the SAP Executive Board, Technology & Innovation, outlined the full integration of Sybase and unveiled the company's vision for the SAP real-time data platform, comprising the SAP HANA platform, Sybase data management offerings and SAP solutions for enterprise information management or EIM.

SAP provided road map details and areas of strategic and investment of its database portfolio to increase its database market leadership by 2015.

SAP also announced General availability of the SAP NetWeaver Business Warehouse component powered by SAP HANA; General availability of SAP Sybase Adaptive Server Enterprise (ASE) as a database option for SAP Business Suite applications Plans to launch a US$155 million venture fund for startups to build on the new platform and a US$337 million incentive program for customers to move to SAP HANA.

In addition, SAP AG announced agreements with Adobe, Appcelerator and Sencha to provide users with an open mobile apps development framework for efficiently and cost-effectively developing on the company's mobile platform.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
RELATED NEWS
Trade SAP now with 
Follow RTT