SAP will purchase Sybase for US$5.8b
GERMAN business software maker SAP AG has agreed to buy Sybase Inc in a US$5.8 billion deal that ratchets up SAP's rivalry with database leader Oracle Corp.
The acquisition is the first big move by SAP's new co-CEOs Bill McDermott and Jim Hagemann Snabe, who took over in February after the previous CEO, Leo Apotheker, resigned. The resignation came amid concerns over SAP's faltering finances and its ability to counter the mounting threat from Oracle.
SAP and Oracle are battling to run more of the programs that corporations use to manage their data. Their businesses overlap even more with SAP's purchase of Sybase.
As the world's leading maker of business-software applications, SAP has had the luxury of being largely quiet when it comes to acquisitions. It hasn't had to buy its way into many new markets.
Its last major acquisition was in 2008, when it bought Paris-based Business Objects for US$6.8 billion. That company's "business intelligence" software helps companies analyze their data and spot patterns to help them make decisions.
Oracle, meanwhile, has been on a US$40 billion buying binge since 2004 in what in most cases has been an attempt to muscle into SAP's markets.
Oracle's primary business is making database software, an area where it's the world's leader with more than 40 percent of the market.
Databases help companies store their information and retrieve it later through computer programs.
Sybase is a small player in that market, with about 2 or 3 percent market share.
The acquisition is the first big move by SAP's new co-CEOs Bill McDermott and Jim Hagemann Snabe, who took over in February after the previous CEO, Leo Apotheker, resigned. The resignation came amid concerns over SAP's faltering finances and its ability to counter the mounting threat from Oracle.
SAP and Oracle are battling to run more of the programs that corporations use to manage their data. Their businesses overlap even more with SAP's purchase of Sybase.
As the world's leading maker of business-software applications, SAP has had the luxury of being largely quiet when it comes to acquisitions. It hasn't had to buy its way into many new markets.
Its last major acquisition was in 2008, when it bought Paris-based Business Objects for US$6.8 billion. That company's "business intelligence" software helps companies analyze their data and spot patterns to help them make decisions.
Oracle, meanwhile, has been on a US$40 billion buying binge since 2004 in what in most cases has been an attempt to muscle into SAP's markets.
Oracle's primary business is making database software, an area where it's the world's leader with more than 40 percent of the market.
Databases help companies store their information and retrieve it later through computer programs.
Sybase is a small player in that market, with about 2 or 3 percent market share.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.