SAP AG Posts

SAP AG (SAP) is expecting to hit $30 billion in 2017 revenues

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SAP AG (NYSE:SAP) is expecting to increase their total revenues to at least €22 billion (US$30 billion) by 2017, largely driven by their cloud business. SAP is expecting their cloud business to hit €3.5 billion by 2017.
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SAP AG (SAP) Acquires Predictive Analytics Company KXEN

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SAP AG (NYSE:SAP) has acquired predictive analytics company KXEN.  Predictive analytics is the process of using statistical models to find correlations and patterns to offer insights about customer behaviors and market trends.
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SAP Co-CEO Jim Snabe To Step Down Next Year

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SAP co-CEO Jim Snabe will be stepping down in May 2014 to become a member of the company’s supervisory board.  Bill McDermott will become the sole chief executive officer going forward.  Snabe’s election to the board of directors is dependent on 25% of the shareholder vote.
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Mirantis Raises $10 Million From Red Hat, SAP, WestSummit Capital, and Ericsson

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Mirantis is an OpenStack systems integration company that has raised $10 million in their second round of Series A financing since December.  Investors in this round include Ericsson, Red Hat, SAP Ventures, and existing investor WestSummit Capital.  Mirantis has raised a total of $20 million.  The company raised $10 million in December 2012 from Dell Ventures, Intel Capital and WestSummit Capital.

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SAP Acquires E-Commerce Company Hybris

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SAP AG has acquired a private e-commerce Swiss company called hybris.  The terms of the acquisition was undisclosed, but reports suggest that the deal was worth between $1.2 to $1.5 billion.  hybris develops software that competes against IBM’s WebSphere Commerce Suite and Oracle’s Commerce Suite.  SAP said that this move will enable them to “expand its customer insight and engagement across all channels.”

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SAP Loses A Ruling To Have A $345 Million Patent Judgment Overturned

An appeals court has decided to reject SAP’s attempt to have a $345 million judgment ruling overturned.  Versata Software was awarded the judgment as part of a patent-infringement lawsuit filed against SAP.
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SAP Acquires Sports CRM Company Ticket-Web

SAP AG has announced that they are acquiring Ticket-Web GmbH & Co. KG. Ticket-Web is a offers ticketing solutions and customer relationship management software for sports and entertainment companies. The acquisition will enable SAP to provide enhanced solutions for promoters, venues, teams, and market events through the Internet.

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ScaleIO Raises $12 Million In A Series A Round

ScaleIO is a storage startup company that has raised $12 million in funding from Greylock Partners, Norwest Venture Partners, and several private investors.  ScaleIO will be using the funding to expand their field operations out of response to a growing demand from enterprises and service providers for the ScaleIO ECS software.

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