Monday, October 03, 2005
SAP: the price of success - Computer Business Review
SAP: the price of success - Computer Business Review: "SAP's CEO has reportedly claimed the company is prepared to spend up to $1 billion on M&A deals.
SAP has made no secret of its willingness to make acquisitions to fill the gaps in its portfolio and says it is willing to pay up to $1 billion per deal for prospective companies in its target vertical markets of banking, retail, and public sector. The announcement ratchets up the battle for supremacy in the vertical IT field between SAP and acquisitive rival Oracle."
SAP has made no secret of its willingness to make acquisitions to fill the gaps in its portfolio and says it is willing to pay up to $1 billion per deal for prospective companies in its target vertical markets of banking, retail, and public sector. The announcement ratchets up the battle for supremacy in the vertical IT field between SAP and acquisitive rival Oracle."
