SAP AG (SAP) - NYSE
  • Dec. 6, 2011, 8:33 AM

    It might be being bought by SAP (SAP) for $3.4B, but that isn't stopping SuccessFactors from making its own acquisitions, with the company saying it will pay $110M to purchase privately held jobs2web, which provides online job marketing and advertising services to employers. (PR)

    | Dec. 6, 2011, 8:33 AM
  • Dec. 5, 2011, 1:17 PM

    Though many are extolling the benefits (I, II, III) of SAP's (SAP -0.5%) purchase of SuccessFactors (SFSF +51.2%), concerns about the deal's price are weighing on shares. Meanwhile, Chris Kanaracus sees challenges in integrating SuccessFactors' software with SAP's numerous products, and Jeffrey M. Kaplan is worried about a culture clash. Cowen views SAP's buy as a defensive move aimed at slowing down Workday's advance.

    | Dec. 5, 2011, 1:17 PM
  • Dec. 5, 2011, 10:06 AM
    Shares of Concur Technologies (CNQR +12.1%) rocket higher, following other (I, II) cloud names getting a push from SAP's play for SuccessFactors (SFSF +51.2%).
    | Dec. 5, 2011, 10:06 AM | 1 Comment
  • Dec. 5, 2011, 9:09 AM

    Taleo (TLEO) +15.7% premarket after BMO Capital Markets upgrades shares and raises its target price to $40, following SAP's bid for Taleo rival SuccessFactors (SFSF). Investors will view Taleo as "the most obvious acquisition candidate and that Oracle is the most obvious buyer," but BMO also likes its low relative valuation and 20%-30% billings growth rate, on par with SFSF.

    | Dec. 5, 2011, 9:09 AM
  • Dec. 5, 2011, 8:29 AM

    Salesforce.com (CRM) is up 2.8%, joining Taleo (TLEO) and NetSuite (N) in rising premarket in the wake of SAP/SFSF, even though its size (current market cap of $16.3B) makes it tougher for a would-be acquirer to swallow. Also higher: ULTI +1.6%. LPSN +3%. Other names haven't yet seen premarket activity, but could move once markets open.

    | Dec. 5, 2011, 8:29 AM | 1 Comment
  • Dec. 5, 2011, 8:08 AM

    As expected (previous), cloud software names are getting some interest from buyers following the SAP-SuccessFactors (SFSF) deal. Premarket: TLEO +12.4%, N +2.1%.

    | Dec. 5, 2011, 8:08 AM
  • Dec. 5, 2011, 7:46 AM
    SAP -1.3%, and SuccessFactors (SFSF) +52%, following the former's deal to acquire the latter. Matt Marshall gives 9 reasons why the deal is a smart one for SAP. Among them: the quality of SuccessFactors' products and management; the growth of the talent management software market; complementary customer bases; and the potential for integration with SAP's back-end software.
    | Dec. 5, 2011, 7:46 AM | 1 Comment
  • Dec. 3, 2011, 1:24 PM

    More on SAP/SuccessFactors: IDC predicted earlier this week the cloud business software space could see a wave of M&A activity, and SAP's big purchase will likely stoke investor hopes for additional deals occurring. Some other cloud software names that could be on the move on Monday: KNXA, TLEO, CSOD, TNGO, N, LPSN, CTCT, SREV.

    | Dec. 3, 2011, 1:24 PM
  • Dec. 3, 2011, 1:18 PM
    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.
    | Dec. 3, 2011, 1:18 PM | 10 Comments
  • Dec. 2, 2011, 3:35 PM

    IDC joins the ranks of those who see Netflix (NFLX) as takeover bait (I, II), speculating Microsoft could bid for the company next year. The firm also thinks: cloud business software firms such as Workday, Taleo (TLEO), and NetSuite (N) may get bought out; SAP will acquire Jive Software; 15% of new mobile apps will be HTML5-based by year's end; and overall IT spending will grow by a healthy 6.9% next year.

    | Dec. 2, 2011, 3:35 PM
  • Nov. 16, 2011, 6:48 AM
    SAP launches a strategic multi-year $2B spending plan to grow its business in China, saying it need to scale its operations larger to meet the nation's transition to a knowledge-based economy. The company has set an ambitious goal of increasing its revenue to $27B by 2015 with sales in China integral to meeting that target.
    | Nov. 16, 2011, 6:48 AM | 1 Comment
  • Nov. 14, 2011, 9:45 AM
    Nomura's Rick Sherlund pounds the table for SAP, claiming the once-stodgy ERP software kingpin is "undergoing a cultural revolution of sorts," following management changes. SAP is making real attempts to innovate, argues Sherlund, and this is reflected both in its efforts to embrace cloud software, and in its expansion into new markets.
    | Nov. 14, 2011, 9:45 AM
  • Nov. 11, 2011, 5:02 PM
    SAP might be starting to take cloud software seriously: CIO Oliver Bussman says the company will offer an enterprise version of Apple's iCloud for storing/syncing data, and will revamp its BusinessByDesign cloud platform, thus far aimed at SMBs, so as to make it viable for large enterprises. Separately, SAP is announcing a partnership with EMC and VMW focused on cloud environments. (previously)
    | Nov. 11, 2011, 5:02 PM
  • Nov. 4, 2011, 7:43 AM

    Cloud ERP software firm NetSuite (N) is up 3.2% after reporting Q3 revenue of $61M (+23% Y/Y) and EPS of $0.05, beating consensus by $0.9M and $0.01. Deferred revenue rose 3% Q/Q and 29% Y/Y, to $97M. Matt Rosoff takes note of NetSuite's soaring ASPs, as the company increasingly competes with SAP, which has been slow to embrace cloud software, for larger accounts.

    | Nov. 4, 2011, 7:43 AM
  • Nov. 3, 2011, 3:03 PM

    With archrival Oracle (ORCL) releasing its Fusion cloud apps and acquiring cloud CRM firm RightNow (RNOW), SAP says it's forming a plan to expand its own offerings in the space. Though SAP has been gaining share against Oracle, its slow embrace of cloud software could prove a weakness: SAP's cloud business currently accounts for less than 1% of its annual revenue.

    | Nov. 3, 2011, 3:03 PM | 1 Comment
  • Oct. 26, 2011, 3:45 PM

    SAP (SAP +2.3%) gains following its Q3 report, as the company boasts it's "growing 10 percentage points faster" than archrival Oracle (ORCL). SAP claims sales of its flagship ERP software rose 26% Y/Y, while analytics software sales rose 35%. In addition, SAP is reporting an $829M annual sales pipeline for its popular Hana high-performance database.

    | Oct. 26, 2011, 3:45 PM
Company Description
SAP SE provides enterprise application software and software-related services worldwide. It operates through the On-Premise and Cloud segments. The On-Premise segment comprises of on-premise products and on-premise services divisions. The on-premise products division is involved in marketing and... More
Sector: Technology
Industry: Application Software
Country: Germany