Sybase Acquired By SAP
Sybase Acquired By SAP – The German business software company SAP AG has agreed to purchase Sybase Inc. for a reported $5.8 Billion.This will likely heat up the race and rivalry between SAP and Oracle Corp.The acquisition is a huge move forward on the part of SAP. The co-CEO’s of the company Bill McDermott and Jim Hagemann Snabe, who took over last February, have made a number of changes within the company since taking over, this being the largest.
SAP and Oracle have been battling to run more for the programs that corporations use to manage their data. Their businesses overlap even more with SAP’s purchase of Sybase. Both companies are considered to be among the largest database companies in the world.
SAP is considered to be the world’s leader maker of business software applications. They have not been known for large acquisitions in the past but recently have made several changes.
The last major acquisition made by the company was in 2008, when the company purchased Business Objects for $6.8 Billion. The company had previously made business intelligence software that SAP thought they could integrate into their databases to increase their artificial intelligence.
Oracle’s main business objective is making database software. Oracle is easily the world’s largest producer of database software. They help companies store their information in a way that will allow the company to access their information throughout different systems and mainframes.
McDermott, the SAP co-CEO, said that the deal combines “the world’s best business software with the world’s most powerful mobile infrastructure platform.” He went on to say that the acquisition was a “game changer.”*Sponsored Links*