SAP looking at technology acquisitions

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.

Sap

Image via Wikipedia

A link to an interview with the co-CEO of SAP here.

Read more at ‘Sup with SAP? — Cloud Computing News and SAP resumes search for big acquisitions – FT.com.

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