Photo credit: Cloud watching by Michael Krigsman
TechCrunch trumpeted an odd lack of interest in SAP's acquisition of human capital management vendor, SuccessFactors, for $3.4 billion. The popular technology startup blog offered these choice comments:
In what is perhaps the most boring piece of tech news to come out of this week, German software giant SAP has today announced that it will buy the US-based SuccessFactors....
I think this means that it provides enterprise software for human resources, but you can never be too sure with these incredibly dull companies. I am too bored to Google it.
If you are actually interested in finding out more, or having trouble sleeping and need something to push you over the edge, SAP will be holding a conference call....
Even the carefully chosen web address for the TechCrunch article speaks volumes:
Now, I totally get that enterprise software is not exciting. But let's remember two facts:
- This deal is worth billions and is about the cloud. Regardless of your opinion good or bad, it's important.
- According to SAP, 63 percent of the "world's transaction revenue" touches an SAP system
The SAP acquisition demonstrates the mainstream importance of cloud computing; it's good for everyone involved in the cloud ecosystem. From startups, which are TechCrunch's usual fare, to the largest players in the world this acquisition says: CLOUD HAS ARRIVED.
One startup CEO, Aaron Levie from Box.net, which sits at the junction of consumer and enterprise, tweeted his recognition that this acquisition matters:
A a million dollars isn't cool. You know what's cool? $3.4B cloud acquisitions. Take that consumer internet!
As of this writing, here are the best pieces I have seen discussing the SuccessFactors acquisition:
SAP Press Release: SAP To Accelerate Cloud Strategy with Acquisition of SuccessFactors