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.
Continue reading →
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.
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.
SAP’s stock price is at an all-time high right now at about $78. SAP is growing in the enterprise software space despite intense competition with Oracle, Salesforce, Google, and Microsoft. SAP’s in-memory database service Hana has become the fastest-growing product in SAP’s history.
On May 22, we wrote about how SAP acquired Ariba for $4.3 billion. The integration of both companies is going swimmingly because now 1 million companies are now connected to the Ariba Network. Now enterprises are collaborating in new ways to drive their productivity, sales, procurement, invoice, and payment processes.
Earlier this month Oracle and SAP made an agreement. SAP agreed to pay $306 million in damages to Oracle for infringing on their software. Oracle is not satisfied with the agreement any more and they want more.
SAP will be paying Oracle Corporation $306 million to settle damagers over a copyright infringement lawsuit and to avoid a new trial. The proposed agreement requires court approval and would clear the way for Oracle to ask the 9th U.S. Circuit Court of Appeals to restore a $1.3 billion jury award in the lawsuit according to a joint filing at a federal court in Oakland, California.
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.
Continue reading →
