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
World's largest oil company Saudi Aramco's initial public offering is on track and the listing will be in the second half of 2018, CEO Amin Nasser said in an exclusive interview with CNBC. There have been reports that the much awaited IPO might be delayed by one year. Taco Bell, the Mexican fast food chain of Yum! Brands Inc., is reportedly testing a new dessert product called the "Kit Kat Chocoladilla" at select locations in Wisconsin. It was tested last year in the UK. Nick Caporella, the chief executive officer of National Beverage Corp., has lashed out at short sellers after his company's shares declined more than 22 percent this month from their September 11 peak. In a statement, Caporella noted that less than 15 percent of the daily volume traded on major exchanges is financially driven by company fundamentals.
comments powered by Disqus
Follow RTT