In what is perhaps the most boring piece of tech news to come out of this week, German software giant SAP has today announced that it will buy the US-based SuccessFactors, a company that “helps organizations align strategy with objectives and manage people performance to ensure execution & results,” IN THE CLOUD, OF COURSE.
I think this means that it provides enterprise software for human resources, but you can never be too sure with these incredibly dull companies. I am too bored to Google it. In fact, I am literally bored to tears writing this, like I am seriously crying here in my local coffee shop and everyone is looking at me weird and I just want to show them this press release so they’ll understand or something.
The deal is all cash, at $40 a share (a $3.4 billion valuation) and will most likely close early next year.
If you are actually interested in finding out more, or having trouble sleeping and need something to push you over the edge, SAP will be holding a conference call on Monday, December 5th, at 3:00 pm CET / 9:00 am EST where you can learn details about the transaction.
Fin.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organisations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 232,000 customers to operate profitably, adapt continuously, and grow sustainably.
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