SAP buying Sybase for $5.8 billion. The acquisition will allow SAP to own mobile and cloud computing technology which would aid its products future development. The deal will also provide substantial revenue streams and technology stake-hold that it can use to stay competitive with other industry giants.
About SAP:
Founded in 1972, SAP has a rich history of innovation and growth as a true industry leader. SAP currently has sales and development locations in more than 50 countries worldwide and is listed on several exchanges, including the Frankfurt Stock Exchange and NYSE under the symbol “SAP.”
About Sybase:
Sybase has been a leader in developing and expanding innovative database technology. Since our founding in a Berkeley, Calif., home in 1984, we have earned the trust of many of the world’s leading companies for our ability to manage information and deliver unsurpassed levels of data reliability and security. Today, Sybase leads the industry in delivering enterprise software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices.
[eWeek]
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