Monday, June 12, 2006
Australian IT - SAP chief hoses down merger talk (, JUNE 13, 2006)
Australian IT - SAP chief hoses down merger talk (, JUNE 13, 2006): "'There are no negotiations under way, but I don't want to say that I dislike them so much that I can't imagine a merger.'
By contrast, Kagermann told the Financial Times and its sister newspaper Financial Times Deutschland that consolidation in the software sector had peaked.
'We've seen the main thrust of consolidation. The next steps are going to be marginal,' the chief executive said.
Recently, SAP rival Oracle bought competitors such as PeopleSoft and Siebel for billions of dollars.
SAP preferred organic growth rather than acquisitions, Kagermann said.
'Our strategy of growing organically has proved successful even as other big players have gone together,' he said.
'It'll be enough for us to enrich our current portfolio with one or two smaller acquisitions.' "
By contrast, Kagermann told the Financial Times and its sister newspaper Financial Times Deutschland that consolidation in the software sector had peaked.
'We've seen the main thrust of consolidation. The next steps are going to be marginal,' the chief executive said.
Recently, SAP rival Oracle bought competitors such as PeopleSoft and Siebel for billions of dollars.
SAP preferred organic growth rather than acquisitions, Kagermann said.
'Our strategy of growing organically has proved successful even as other big players have gone together,' he said.
'It'll be enough for us to enrich our current portfolio with one or two smaller acquisitions.' "
