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SuccessFactors To Be Purchased By SAP
SAP has just purchased web software business SuccessFactors.
December 4, 2011- Germany based SAP has announced it will purchase SuccessFactors for more than $3.4 billion. SuccessFactors is a U.S. based web software business that provides cloud-computing services to its clients.
SAP announced it would purchase the company for $40 a share, which is equivalent to a 52% premium as of the close of business on Friday. The bid is such that it would be difficult for a competitor to attempt to place a competitive...