SAP faces new competition from Software AG
Technology acquisitions in Europe sees Software AG double customer base
Technology acquisitions in Europe sees Software AG double customer base
Software AG, the business technology provider, will compete with SAP, the
financial IT company, following a recent acquisition that has more than doubled
AG’s customer base according to IT analysts.
Software AG acquired 48% of IDS Sheer, the business software company, for
€487m (£417m) or €15 per share to establish itself as a global player and
competitor to SAP.
A Forrester senior analyst has said SAP missed out on the buy and will face
serious competition as a result, our sister publication,
V3
reported.
Stefan Ried, senior analyst at Forrester, said: ‘SAP customers can now either
go to SAP for integration and support services or to those offered by Software
AG’s new purchase.’
IDS Sheer will now give Software AG, Germany’s third largest technology
company, a stronger presence in the consulting business market where SAP have a
substantial client base. It will also offer customers greater integration of SAP
products including web-based IT systems a company statement said.
Karl-Heinz Streibich, Software AG CEO, said: ‘With the merger of two
technology leaders we will create a globally significant company. Our expertise
in business process management will be unique and will increase our
competitiveness in this growth market.’
‘We want to drive the strategic development of the company even in
economically difficult times’ he added.
Further reading:
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleSAP sees revenues up for ninth consecutive quarter, but says legal battle with Oracle over damages payment is ongoing Read More...
View articleChief financial officer Werner Brandt (pictured) describes performance as best in SAP's history Read More...
View articleThird quarter operating profit of €716m for Sap misses investor expectations Read More...
View articleSecond quarter results for German software giant SAP show a decline in cash flow Read More...
View articleLarry Ellison, the chief exec of Oracle claims its rival is "vulnerable" Read More...
View articleRemaining management at financial IT business tries to restore confidence after abrupt departure of CEO Read More...
View articleFinancial software company invests heavily in new technology available to customers over the internet Read More...
View articleCompetitors and representatives of the US Department of Justice to attend EU hearing over Oracle' acquisition of Sun Read More...
View article