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
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT