Tag Archives: SAP AG
SAP Buying Ariba For $4.3 Billion
Business management software company SAP AG is acquiring Ariba Inc. for $4.3 billion. Ariba creates software that is an online trading platform for businesses. This acquisition will lead to SAP’s largest push into cloud computing. SAP will pay $45 per share for Ariba, which is 20% over the closing price yesterday. The transaction is expected to close by the third quarter and it is subject to approval by Ariba shareholders.
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Categories Ariba, Bill McDermott, Jim Snabe, SAP, SAP AG
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SuccessFactors Buys Jobs2web For $110 Million
SAP AG (ETR:SAP) is in the process of acquiring SuccessFactors, Inc. (NYSE:SFSF). While this is happening, SuccessFactors has been purchasing Jobs2web for $110 million. Jobs2web is an on-demand recruiting platform company. It is a software-as-a-service company that focuses on applicant tracking systems through social networks. Clients include 3M, Merck, Rackspace, and Pepsi. SuccessFactors will be integrating Jobs2web into their business execution software. [ZDNet]
Categories Jobs2web, SAP, SAP AG, SuccessFactors
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SAP Acquiring SuccessFactors For $3.4 Billion
Enterprise IT company SAP AG (NYSE:SAP) is acquiring SuccessFactors for $3.4 billion or $40 per share. The transaction was made entirely in cash and is expected to close early next year. This is a 52% premium above Friday’s closing price.
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Oracle Wants $212 Million More From SAP In Prejudgment Interest
Oracle Corporation (NASDAQ:ORCL) wants $212 million in “prejudgment interest” more from SAP AG (NYSE:SAP). This would cover the interest in addition to the $1.3 billion that they won in November. The $1.3 billion that Oracle won from SAP is believed to be the highest damages award in a copyright infringement case ever. “We don’t believe that Oracle is entitled to any additional compensation beyond the final judgment in this case,” said SAP spokesman. SAP is still planning to file an appeal to the verdict. Check out our previous coverage on the case here: SAP Ordered To Pay Oracle $1.3 Billion. [WSJ]
Categories Oracle Corporation, SAP AG
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SAP Ordered To Pay Oracle $1.3 Billion
Oracle Corporation (NASDAQ:ORCL) has won a court case that is going to require SAP AG to pay them $1.3 billion for copyright infringement. This is the largest jury award of 2010. This is the largest ever award for copyright infringement as well. And out of all the jury awards given out, this is the 23rd largest.
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Categories Oracle Corporation, SAP AG, TomorrowNow
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Oracle Hires PI To Find HP CEO After Claiming SAP’s Theft Costed $4 Billion [REPORT]
Oracle Corporation (NASDAQ:ORCL) has reportedly hired private investigators to find Hewlett Packard CEO Leo Apotheker. HP refused a subpoena for Apotheker because they believe Oracle is just trying to harass him. Oracle CEO Larry Ellison believes that the theft SAP made through Apotheker costed them $4 billion.
SAP had admitted to software theft through a subsidiary by the name of TomorrowNow. But they believed it costed Oracle tens of millions of dollars rather than billions. SAP also claims that they shut down the TomorrowNow subsidiary after learning about the theft.
“The interest in Mr. Apotheker on the part of Mr. Ellison only happened recently, as a result of Leo’s appointment to run HP,” stated SAP spokesman Bill Wohl. “That recent interest speaks volumes about why it’s important to them. The question is, does that at all have anything to do with this case?”
Ellison has been unable to provide evidence about the $4 billion claim thus far. The evidence is not looking favorable for Oracle right now because attorneys from SAP have been able to produce e-mails from Oracle executives that states that TomorrowNow was not a threat. Another e-mail was produced that said that Oracle had not lost any large customers to SAP in the two after it the company bought TomorrowNow.
[Reuters]
Categories Bill Wohl, Larry Ellison, Léo Apotheker, Oracle Corporation, SAP AG, TomorrowNow
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Oracle Takes SAP To Trial and Is Seeking $2.3 Billion In Damages
Oracle Corporation (NASDAQ:ORCL) has taken SAP AG (NYSE:SAP) to court and they are seeking $2.3 billion in damages for “inappropriate” downloads of Oracle materials. Former SAP CEO Leo Apotheker and Oracle CEO Larry Ellison may both have to get testimonies about the trial.
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Categories Hewlett Packard, Howard Anderson, HP, Larry Ellison, Léo Apotheker, Mark Hurd, Oracle Corporation, SAP AG
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Léo Apotheker Becomes CEO and President of HP
Léo Apotheker has become appointed as the CEO and President of Hewlett-Packard. Apotheker was previously the CEO of SAP and he will also become a part of HP’s board of directors. Kleiner Perkins Managing Partner Ray Lane will also join HP as a non-executive Chairman. Both will join on November 1.
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Categories Hewlett Packard, HP, Léo Apotheker, Robert Ryan, SAP AG
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Sybase Gets Acquired By SAP For $5.8 Billion
SAP AG (NYSE:SAP) has acquired Sybase for $5.8 billion. SAP will be paying $65 per share for the company which is a 44% premium on the stock’s average price in the last quarter. Below is the full press release:
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Categories Bill McDermott, Jim Hagemann Snabe, John Chen, SAP AG, Sybase, Vishal Sikka
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Jury Awards Versata $138.64 Million Over Patent Case Against SAP
Versata Software has won a patent case against SAP. A jury has awarded Versata $138.64 million in damages on SAP’s tab. The jury found that SAP violated 5 of Versata’s patents. The patents awarded to Versata took place between 1998-2006.
The patents were related to system configuration and pricing products. Versata filed the complaint around 2007. The SAP Business Suite was supposedly in violation of the configuration patents. Versata did win the financial goal they were looking for, but now they are also seeking an injunction against SAP.
“Our attorneys are reviewing the legal options and we expect to file an appeal,” stated Andy Kendzie, an SAP spokesman. “We don’t believe this will have any immediate, negative impact on our customers.”
Versata itself started in 2006 when Trilogy acquired the company and took the same name. Versata has been on a company acquisition binge since. The most recent acquisition that Versata made was Everest Software.
Categories Andy Kendzie, SAP AG, Versata Software
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