Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade SAP now with 

SAP AG (SAP: Quote) 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.

Register
To receive FREE breaking news email alerts for SAP AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The... Stocks showed a lack of direction over the course of the trading day on Friday after failing to sustain an initial upward move. Despite the choppy trading, the Dow once again managed to end the session at a new record closing high. The major averages turned in a mixed performance on the day. President Barack Obama delivered a statement Thursday evening thanking members of Congress for voting to approve legislation granting the U.S. military the authority to train and arm moderate Syrian rebels fighting against the terrorist group known as the Islamic State.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.