SAP announces it's acquiring cloud HR software provider SuccessFactors (SFSF) for $40/share in...

|About: SAP AG (SAP)|By:, SA News Editor
SAP announces it's acquiring cloud HR software provider SuccessFactors (SFSF) for $40/share in cash, or $3.4B. The price represents a 52% premium to SuccessFactors' Friday close. The deal comes 6 weeks after Oracle's (ORCL) deal to acquire cloud customer support software firm RightNow (RNOW), and a month after SAP said it was forming a plan to expand its cloud offerings.