SAP buys SuccessFactors in $3.4bn deal

The Germany company is buying management software firm SuccessFactors with the help of a €1bn credit line

SAP said on Saturday that it will buy management software firm SuccessFactors.

The deal is worth $3.4bn (£2.2bn), or $40 a share. The move — combined with Oracle's acquisition of RightNow — highlights how legacy enterprise software vendors are buying their way into the cloud.

The SuccessFactors purchase is pricey — SAP paid a 52-percent premium for the company. SAP said it will fund the purchase with cash and a €1bn (£860m) credit line. The deal is expected to close in the first quarter, hit earnings in 2012 and then add to profits in future years.

For more on this ZDNet UK-selected story, see SAP acquires SuccessFactors for $3.4 billion: Cloud consolidation accelerates on ZDNet.com.


Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All