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
Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled. Consumer goods giant Procter & Gamble Co. on Friday reported a profit for the second quarter that more than doubled from last year on a one-time gain and higher margins, while sales edged lower. Both revenue and core earnings per share for the quarter beat analysts' estimates. General Electric Company (GE) reported that its fourth-quarter Industrial operating plus Verticals EPS, a non-GAAP measure, decreased to $0.46 from $0.52 last year. Industrial operating plus Verticals earnings excluding gains & restructuring was $0.50 compared to $0.47. On average, 17 analysts polled...
comments powered by Disqus
Follow RTT