SAP is on the hunt for major technology acquisitions. With nearly $6 billion in cash, and visible gaps in its cloud offerings, SAP has both the resources and motives for such a move. Compared to its biggest competitor, SAP has so far preferred in-house innovation and is lagging in the acquisitions space and with only 2 major acquisitions in the past few years.
Oracle, SAP’s US rival, which has made acquisition a central strategy, buying about 78 companies over the last six years.
A link to an interview with the co-CEO of SAP here.